Close Menu
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
What's Hot

Top FHA Lenders in 2024: UWM Is #1 Overall, But Is Biggest the Best?

October 21, 2025

Fintech startup Upgrade valued at $7.3 billion in new funding round

October 21, 2025

Zions is ‘confident’ in credit despite Wall Street battering

October 21, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Smart SpendingSmart Spending
Subscribe
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
Smart SpendingSmart Spending
Home»Finance News»Lyft to buy taxi app Free Now for $200 million to expand into Europe
Finance News

Lyft to buy taxi app Free Now for $200 million to expand into Europe

April 16, 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Lyft to buy taxi app Free Now for 0 million to expand into Europe
Share
Facebook Twitter LinkedIn Pinterest Email

Lyft logo is seen in this illustration taken June 27, 2022.

Dado Ruvic | Reuters

U.S. ride-hailing firm Lyft on Wednesday announced that it’s buying European taxi app Free Now in a 175 million euro ($199 million) deal.

The company said that the acquisition — Lyft’s first in Europe — is expected to close in the second half of 2025, and that, once combined, the two companies will serve over 50 million combined annual users.

Founded in 2009 as myTaxi, Free Now is a ride-hailing platform headquartered in Hamburg, Germany. The company has been jointly owned by German automotive giants BMW and Mercedes-Benz since 2019.

The app is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France. Beyond traditional taxi and ride-hailing services, Free Now also offers other mobility options including e-scooters, e-mopeds and e-bikes.

Free Now has been joint-owned by German automotive giants BMW and Mercedes-Benz since 2016.

Picture Alliance | Picture Alliance | Getty Images

The startup is earnings-positive on the basis of Earnings Before Interest, Debt and Amortization, generating gross bookings over 1 billion euros in 2024, according to a company fact sheet.

Acquiring Free Now will give Lyft a route to expand into the highly competitive European ride-hailing market, where it will come up against the likes of Uber, Estonia’s Bolt and Israel’s Gett.

Lyft’s closest domestic rival, Uber, has a lengthy head start on the firm, having first launched in the U.K. back in 2012. It has since been beset by a series of regulatory issues.

London’s transport regulators tried to ban Uber two times over safety concerns. The company was eventually awarded a fresh license to continue operating in the city in 2022.

See also  Trump Media loses $19.2 million in third quarter, Election Day filing reveals

Source link

App Buy Europe Expand Free LYFT million taxi
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleFirst Horizon maintains 2025 guidance, notes uncertainties
Next Article What To Do If You Missed The IRS Tax Filing Deadline 2025

Related Posts

Fintech startup Upgrade valued at $7.3 billion in new funding round

October 21, 2025

Activist investor Jana Partners takes stake in Cooper Cos., WSJ says

October 21, 2025

Year-end is popular for Roth conversions — when to make an exception

October 20, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Congress’ proposed Medicaid cuts may negatively impact economy: report

March 5, 2025

What is a gamma squeeze in options trading?

January 17, 2025

Mortgage Rates Could Fall Into the 5s This Year If the Shutdown Persists

October 1, 2025
Ads Banner

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

Stay informed with our finance blog! Get expert insights, money management tips, investment strategies, and the latest financial news to help you make smart financial decisions.

We're social. Connect with us:

Facebook X (Twitter) Instagram YouTube
Top Insights

Top FHA Lenders in 2024: UWM Is #1 Overall, But Is Biggest the Best?

October 21, 2025

Fintech startup Upgrade valued at $7.3 billion in new funding round

October 21, 2025

Zions is ‘confident’ in credit despite Wall Street battering

October 21, 2025
Get Informed

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

© 2025 Smartspending.ai - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.