Lyft completes its acquisition of freenow in Europe, amounting to $ 197 million

Lyft has received the regulatory clearance required to end its acquisition of the European application -based application. Firstly Once again in April, the Lyft Agreement allows about $ 197 million with BMW and Mercedes-Benz to expand outside North America for the first time.

Freenow will continue to work as usual, however Reports that users will be asked to download the Lyft application when traveling in the United States or Canada, and vice versa for Lyft passengers in one of the nine countries or 180 European cities currently operating. In the end, you will be able to book a taxi on any application without having to switch.

according to BloombergThere are no 600 -people Freenow employees function in danger, and while 50 percent of taxi reservations in Europe are still still in a non -communication mode, new partners believe that there is a desire to turn more towards the majority online. In 2024, taxis accounted for 90 percent of Freenow income and will remain the “spine” of its future business.

In addition to the integration of smooth applications in the future, Frino said in April that the cyclists can expect more consistent prices, faster matching and new features as a result of the acquisition of Lyft. LYFT is the second largest riding company in the United States, behind Uber, and looks forward to entering more autonomous vehicles in its network from 2025, ascending after that With Mobileye and many other companies last year.

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