Blacklane Acquisition, Valuation, Funding & Investors

Blacklane was acquired by Uber for $550M in March 2026, a 1.9x multiple on $286M of revenue.

Blacklane acquisition price

$550M

Acquired by Uber · Mar 2026

Blacklane revenue at acquisition

$286M

Last twelve months · Mar 2026

Blacklane revenue multiple at acquisition

1.9x

EV/Revenue · Mar 2026

Cumulative funding Blacklane raised

$204M

across 7 funding rounds

Blacklane Overview

About Blacklane

Blacklane is a Berlin-headquartered chauffeur service operating in over 500 cities across 50 countries, providing carbon-neutral airport transfers, hourly hires, intercity journeys, and corporate travel in premium hybrid and electric vehicles. The company features real-time flight tracking, meet-and-greet options, a mobile app for bookings, and partnerships with airlines and hotels, maintaining carbon neutrality since 2017 through offsets and sustainable fleet choices.


Founded

2011

HQ

GermanyBerlin

Status

Acquired

Customer focus

B2C

Revenue model

Usage-based

Revenue

$286M (Mar 2026)

Valuation

$115M (Nov 2014)

Blacklane Acquisition

Blacklane was acquired by Uber for $550M on 29 March 2026.

The acquisition price implies a 1.9x revenue multiple on $286M of revenue.

Before the acquisition Blacklane had raised $204M across 7 funding rounds.

Uber Technologies agreed on 28 March 2026 to acquire Blacklane GmbH, a Berlin-based global chauffeur service, for approximately $550 million in cash, according to Uber's own SEC filings. Blacklane operates a pre-booked chauffeur booking platform in more than 500 cities across over 60 countries, aimed at business and premium travelers. Uber said the deal would let it expand into premium, pre-booked executive travel and complement its existing Uber Elite offering. The transaction is subject to regulatory approvals, including antitrust review, and is expected to close by the end of 2026.

Blacklane acquisition details
AcquirerDateTypePriceEV/Revenue
29 Mar 2026Strategic M&A$550M1.9x

Sources: sec.gov, investor.uber.com, skift.com

Blacklane Valuation

Blacklane is currently valued at $115M, based on its Series B in November 2014.

The $3M round was led by Recruit Strategic Partners.

Blacklane valuation by funding round

Blacklane valuation by funding round
DateStageValuation
Nov 2014Series B$115M

Blacklane Funding History

Blacklane has raised a total of $204M across 7 funding rounds.

Blacklane's first fundraising round was a $14M Series B in December 2013. The most recent completed round was a $65M Series G in October 2024.

Blacklane funding rounds

Blacklane funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2024Series GTASARU Mobility Investments (lead); Mercedes-Benz Mobility; ALSTIN I; RI Digital Ventures; Gargash Group; Al Fahim Group$65M-Blacklane is a Berlin-based premium global chauffeur services provider offering luxury mobility solutions across more than 50 countries. The company provides services including airport transfers, city-to-city connections between metropolitan areas, and newly launched in-city mobility solutions in major cities such as Dubai, Miami, and London. In October 2024, Blacklane closed its Series G funding round, securing €60 million (approximately $65 million USD) from investors including TASARU Mobility Investments as the lead investor, alongside existing backers Mercedes-Benz Mobility, Gargash Enterprises, Al Fahim Group, Alstin Family, and RI Digital Ventures. The Series G round marked approximately a 25% valuation increase compared to the company's previous funding round in September 2023, though the absolute post-money valuation was not disclosed. Blacklane has demonstrated strong financial performance, achieving profitability from spring 2022 and showing 25% year-on-year revenue growth. The company plans to deploy the capital to expand operations in the U.S. (its largest market), sharpen its focus on the Middle East, and continue growth in Europe, with specific initiatives including launching services in key Saudi Arabian cities with electric vehicle fleets. Following the investment, Blacklane achieved an eight-fold increase in revenue in Saudi Arabia within twelve months, expanding to new cities including Jeddah, Dammam, Makkah, Madinah, and Khobar.
Sep 2023Series FSixt (lead)$36M-Blacklane is a Berlin-based global chauffeur service provider offering airport transfers, city-to-city commutes, in-city mobility, and hourly chauffeur services in over 50 countries, focusing on premium, eco-friendly ground transportation. In September 2023, it closed the second tranche of its Series F funding round with a significant multi-million euro investment from Sixt, alongside prior investors Mercedes-Benz Mobility and Gargash Group, totaling around €33.9-36 million. The funding aims to accelerate global growth, particularly in North America and Dubai, expand the vehicle fleet with electrification targets (15% electric rides by end-2023, 50% by 2025), launch new services like City to City routes across 127 paths in 11 countries, and grow its 300-employee base in Germany and internationally. Blacklane integrates its services into the Sixt app for expanded reach in the US and beyond by 2024, leveraging Sixt's vehicle fleet and mobility ecosystem. The company claims profitability, significant year-on-year revenue growth including quadrupling revenues in 2022, and offsets carbon emissions for all rides since 2011. This Series F second close followed the first tranche and preceded a later Series G round in October 2024 raising €60 million from TASARU Mobility Investments and others at a 25% higher valuation than September 2023. Blacklane positions itself as a leader in premium mobility, partnering with strategic investors to scale beyond organic cash flow growth.
Mar 2021Undisclosed stagecar4you; Mercedes-Benz; b2venture; ALSTIN I; Mutschler Ventures AG; RI Digital Ventures; Al Fahim Group; Recruit Strategic Partners; Seed$26M-Blacklane is a Berlin-based premium global chauffeur service provider operating in cities like Berlin, London, Dubai, Los Angeles, New York, Paris, and Singapore. On March 24, 2021, it raised €22 million (approximately $26 million) in a Series E funding round from existing investors including Al Fahim Group, ALSTIN Family (or Alstin Capital), b2venture (btov Partners), Mercedes-Benz Group AG (Daimler), Mutschler Ventures AG, Recruit Strategic Partners, RI Digital Ventures, and Seed. The round was described as an up round, indicating a higher valuation than prior rounds. The funds were allocated to extend city-to-city chauffeur trips, expand chauffeur-hailing services, and invest in sustainable travel initiatives, including a recent majority stake in Havn, London's electric car service. The 2021 round occurred amid recovery from the COVID-19 pandemic, which caused Blacklane's monthly revenues to drop 99% in 2020 due to reduced travel. By March 2021, the company showed signs of growth. Blacklane had raised around $100 million cumulatively prior to this round, including a $45 million round in 2018. Blacklane positions itself in the high-end chauffeur-driven mobility sector, differentiating through sustainable practices and premium service. Later developments include additional rounds: a Series F in December 2022, Corporate Minority in September 2023, and Series G for $64.92 million (€60 million) in October 2024 from investors like Tasaru Mobility Investments, Al Fahim Group, Alstin Capital, Gargash Group, Mercedes-Benz Mobility, and RI Digital Ventures, marking a 25% valuation increase from 2023 and supporting U.S., Europe, and Middle East expansion. By 2024, Blacklane reported 25% year-on-year revenue growth and profitability since spring 2022.
Jan 2018Series DAl Fahim Group (lead); Mercedes-Benz; b2venture$40M-Blacklane is a Berlin-based premium chauffeur service provider offering on-demand black-car services for airport transfers and other journeys, operating in hundreds of cities and airports across 50 countries at the time of the 2018 round. The Series D funding round, announced on January 24, 2018, raised between $40-45 million, marking the largest investment in the company's history to date, led by UAE-based Al Fahim Group with participation from existing investors Daimler AG (via Daimler Mobility Services) and btov Partners. This followed a previous $20 million investment from Daimler in 2016, bringing total funding raised since 2011 to over $80 million. The funds were allocated to expand into new cities, particularly in the Middle East and Africa, launch global airport concierge services, enhance product innovation, and move into concierge services overall. Al Fahim Group, a conglomerate with holdings in automotive, travel, hospitality, real estate, and industrial sectors, highlighted Blacklane's brand strength and ambition as fitting additions to its portfolio. Blacklane's strategy emphasized sustainable growth, with plans to grow from 250 cities and 500 airports to over 300 cities that year. By 2018, Blacklane aimed to deploy funds to grow revenue and market presence while bolstering green credentials, though profitability remained a challenge amid competition in on-demand transport.
Aug 2016Series CMercedes-Benz (lead)$20M-Blacklane is a global professional driver service offering affordable, accessible, and reliable chauffeured transportation worldwide, serving over 200 cities and 400 airports in 50 countries as of August 2016. On August 1, 2016, it raised its largest investment to date in a Series C round led by Daimler AG through Daimler Mobility Services GmbH, described as a two-digit million euro investment, with participation from existing investors RI Digital Ventures, b-to-v, and Alstin. Daimler had previously invested in 2013 as Blacklane's first strategic partner. The funds were allocated to accelerate global expansion in Asia-Pacific and the Middle East, enhance apps and API, integrate with travel industry partners, develop new vehicle classes, and grow the Berlin headquarters team. Blacklane modernized the chauffeured service market, which was previously expensive and inconsistent, by upholding safety and quality standards. CEO Jens Wohltorf highlighted the innovation potential with the new support. Klaus Entenmann of Daimler Financial Services noted it as part of their €500 million investment in mobility services and platforms. In June 2016, Blacklane reported 85% of new vehicles added to its UK fleet were Mercedes-Benz, up from prior years, underscoring the strong Daimler partnership. Mercedes-Benz (Daimler) remained a key long-term investor in later rounds, including Series F in December 2022 with Gargash Group (double-digit million USD at 50% higher valuation than 2020) and Series G in October 2024 (60 million EUR from TASARU and others, 25% valuation increase from 2023). Mercedes-Benz Mobility holds over 50% brand share of Blacklane's global fleet and has supported since 2013.
Nov 2014Series BRecruit Strategic Partners (lead)$3M$115MBlacklane is a Germany-based provider of premium global chauffeur services, operating a portal that connects customers to professional chauffeurs in over 150 cities worldwide as of late 2014. The company offers private car services in 50 countries, including recent expansions to 40 US cities and key Asian markets like Thailand, Vietnam, Malaysia, Hong Kong, Kuala Lumpur, Macau, Singapore, and Taipei. On November 10, 2014, Blacklane raised a mid-seven-digit Euro funding round from Recruit Strategic Partners (RSP Fund no.5 at RGIP, the investment arm of Recruit Holdings), marking the first investment from an Asian organization to support expansion into Japan and other regional countries. The investment valued Blacklane in the nine-figure Euro range. Prior investors included ALSTIN, B-to-V Partners, RI Digital Ventures, Car4you Holding, and Moovel. At the time, Blacklane had grown rapidly, adding 100 new cities in the past 12 months. The funding announcement coincided with the appointment of Pho CusWright founder Philip Wolf to the board.
Dec 2013Series Bcar4you; b2venture; ALSTIN I; RI Digital Ventures; Seed$14M--

Who has invested in Blacklane?

13 investors have backed Blacklane across its funding rounds, including b2venture, Mercedes-Benz, ALSTIN I, RI Digital Ventures, Al Fahim Group and Recruit Strategic Partners.

Lead investors include TASARU Mobility Investments, Sixt, Al Fahim Group, Mercedes-Benz and Recruit Strategic Partners.


Blacklane Investors

Investors in Blacklane by funding rounds participated
InvestorHQRoundsRoleFirst check
Mercedes-BenzGermanyStuttgart3LeadAug 2016
b2ventureGermanyBerlin3ParticipantDec 2013
ALSTIN IGermanyMunich3ParticipantDec 2013
RI Digital VenturesGermanyBerlin3ParticipantDec 2013
Al Fahim GroupUAEAbu Dhabi3LeadJan 2018
car4youSwitzerlandZurich2ParticipantDec 2013
Recruit Strategic PartnersJapanJapan2LeadNov 2014
SeedGermanyCologne2ParticipantDec 2013
Mercedes-Benz MobilityGermanyStuttgart1ParticipantOct 2024
SixtGermanyMunich1LeadSep 2023
TASARU Mobility InvestmentsSaudi ArabiaRiyadh1LeadOct 2024

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Acquisitions by Blacklane

Blacklane has acquired 2 companies to date.

Last acquisition by Blacklane was on February 9th 2021. Blacklane acquired Havn for undisclosed valuation.


Latest Acquisitions by Blacklane

Havn
Solve
Description
Havn is a chauffeur service platform prioritizing hospitality and sustainability through fully electric Jaguar I-PACE vehicles. London-based, it caters to luxury transfers for events, airports, and corporate travel. The service contributes to reduced emissions while maintaining high-end comfort standards.
Solve is a travel services provider operating fast-track immigration, customs clearance, and VIP concierge assistance at over 500 airports across 100 countries. Headquartered in London, United Kingdom, the company partners with airlines including Emirates and British Airways to offer pre-booked lounge access and expedited processing. Launched in 2018, Solve processes millions of passengers annually via its mobile app, focusing on hubs like Dubai International and Heathrow for business and leisure travelers.
HQ CountryUnited KingdomUnited States
HQ City
London
Las Vegas, NV
Deal Date9 Feb 202112 Oct 2017
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Blacklane Competitors

Blacklane competitors include listed companies like Socar and GO, and private ones like SAIC Mobility, HopSkipDrive, Everest Fleet and Banma Kuaipao.

Public and private companies comparable to Blacklane
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SAIC MobilityChinaChinaPrivate--$1B-
HopSkipDriveUnited StatesLos Angeles, CAPrivate--$550M-
Everest FleetIndiaMumbaiPrivate$107M-$425M4.0x
Banma KuaipaoChinaChinaPrivate--$725M-
SocarSouth KoreaSouth KoreaPublicly listed$343M$72M$301M-
GOJapanJapanPublicly listed$266M$49M$1.7B5.3x

Blacklane Public Comps

Blacklane is no longer listed, but its public comps include H.I.S. Group, Issta, Rainbow Tours, eDreams ODIGEO, Thomas Cook India, Risma, Movida, trivago, Lotte Tour Development and Lion Travel Service Co..

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
H.I.S. Group$2.4B$125M0.4x0.4x8.2x7.1x
Issta$193M$84M7.0x-16.2x-
Rainbow Tours$1.2B$89M0.4x0.4x5.3x5.5x
eDreams ODIGEO$770M$161M1.1x1.1x5.4x5.3x
Thomas Cook India$858M$45M0.4x0.4x7.4x7.1x
Risma$172M$70M4.1x-10.1x-
Movida$2.9B$984M1.6x1.5x4.7x3.8x
trivago$632M$13M0.5x0.5x24.3x10.9x

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Common questions about Blacklane

When was Blacklane founded?Blacklane was founded in 2011.
Where is Blacklane headquartered?Blacklane is headquartered in Berlin, Germany.
Is Blacklane publicly listed?No, Blacklane was acquired by Uber in March 2026.
Who acquired Blacklane?Blacklane was acquired by Uber in March 2026.
How much was Blacklane acquired for?Blacklane was acquired for $550M in March 2026, a 1.9x revenue multiple.
What is Blacklane's valuation?Blacklane was last valued at $115M in its Series B in November 2014.
How much funding has Blacklane raised?Blacklane has raised $204M across 7 funding rounds.
What was Blacklane's last funding round?Blacklane's last funding round was a $65M Series G in October 2024, led by TASARU Mobility Investments.
Who are Blacklane's investors?Blacklane's investors include Mercedes-Benz, b2venture, ALSTIN I, RI Digital Ventures, Al Fahim Group, car4you, Recruit Strategic Partners, Seed, Mercedes-Benz Mobility, Sixt and 3 others.
Which companies are comparable to Blacklane?Companies comparable to Blacklane include SAIC Mobility, HopSkipDrive, Everest Fleet, Banma Kuaipao, Socar and GO.
How many companies has Blacklane acquired?Blacklane has acquired 2 companies, including Havn and Solve.

See companies similar to Blacklane

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