Spending is estimated to advance another 7.1% in 2018 and will expand to $1.7 trillion total by 2022.
BERLIN – Blacklane has raised its largest investment to date with a Series D round that will fund new cities, global airport concierge services, and product innovation, the company announced Jan. 24.
ALFAHIM, a UAE-based automotive, hospitality and travel, real estate and industrial conglomerate, is a new investor. Existing investors Daimler AG, through subsidiary Daimler Mobility Services, and btov Partners also contributed sizably. Exact amounts were not disclosed.
Six years ago, Blacklane created a new way for travelers to book chauffeur services. Its model lowers fares to a fraction of legacy companies’ costs while maintaining top quality.
Blacklane’s global network of professional driver partners covers more than 250 cities and 500 airports in 50 countries. This year, Blacklane will reach more than 300 cities, with major growth across the Middle East and Africa.
“Combining our nationwide expertise and diversity with Blacklane’s reinvention of the professional driver industry for the benefit of travelers, drivers and partners, will bring unequivocal innovative luxury services to the Middle East and Africa,” said Ahmed AJ Al Fahim, Chairman of ALFAHIM. “Blacklane’s ambition and brand strength make it the ideal company to add to our global portfolio.”
Related: TechCrunch article here
Related Topics: airports, Blacklane, capital, client markets, concierge, customer service, finance, German operators, Global operators, investment, luxury travel, mobile applications, on-demand service, vehicle apps, VIP service
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