This week, Natalie Novick and Andrii Degeler talk about SoftBank’s confirmed and alleged deals in Germany, European car sharing companies and luxurious experiences connected to some of them, best and worst practices of writing ICO white papers, whether it’s time to start boycotting the money coming from Saudi Arabia, and more.
Lithuania-based Modus Group is investing 110 million euros into a major upgrade of its fleet for CityBee, its car-sharing service in the Baltics and soon Poland. The holding company or its subsidiary don’t appear to have raised external funding or issued new shares to finance the fleet expansion, but they’re clearly willing to spend big […]
Respiro, a car sharing startup based in Madrid, has been bought by car maker Seat, which acquired 100% of shares in the startup. No figures were officially disclosed but El Mundo reports the deal at being €5 million. The startup was founded in 2010 as a pay-per-use car sharing service in cities. The startup has […]
After five months of beta testing, BlaBlaCar has launched its short-distance carpooling service BlaBlaLines in Paris and the Ile-de-France region. BlaBlaCar had established its long-distance carpooling service and released the feature for shorter daily trips in May and tested it on two routes from Reims to Châlons-en-Champagne and Toulouse to Montauban. The pilot initially ran […]
French car-sharing startup Vulog has raised €14.5 million. The investment comes from the UK’s Frog Capital and the Czech Republic’s Inven Capital. The startup previously raised €8.4 million two years ago from the Ecotechnologies Fund and the Environmental Technologies Fund.
French carpooling platform BlaBlaCar has announced its new “Ambassadors” program in a partnership with Opel and leasing company ALD Automotive. Ambassadors is a “car-as-a-service” program for BlaBlaCar’s most active members, which will include lower leasing, warranty, and maintenance fees. The pilot is available only in France so far. According to the company, its community of […]
Wheeliz, a platform for sharing adapted cars for people with disabilities, has announced its first funding round of €1 million from insurance firm MAIF and transport group Keolis. The Paris-based startup allows people to list and rent their adapted vehicles at cheaper rates than traditional car rental services. It currently has 4,200 users and 600 […]