Lyft to buy taxi app FREENOW for $197M to enter Europe

Quick Summary:

Ride-hailing giant Lyft said it has agreed to acquire FREENOW, a German multi-mobility app with ride-hail at its core, from BMW and Mercedes-Benz Mobility for about $197 million in cash.  The acquisition opens up the European market to Lyft for the first time.

The company has only operated in the U.S.

FREENOW’s local-first approach mirrors Lyft’s values and embodies our purpose — to serve and connect.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesAustriaCanadaFranceGermanyGreeceIrelandItalyPolandSpainUnited Kingdom

Topics: Lyft Freenow Mergers and Acquisitions Transportation Ridehail

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 13:20:02 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 27949740

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