Ridesharing app Heetch raises $20 million to continue its relaunch

French ridesharing app Heetch, which relaunched late last year, has announced a new funding round of $20 million from Felix Capital, Via ID, Alven, ID-Invest, and InnovAllianz. Heetch was originally founded in 2013 as a night-time only P2P transport app but was shut down in March of last year owing to a court ruling over […]

French ridesharing app Heetch raises $12 million to rebuild its business

Paris-based ridesharing and carpooling app Heetch has raised $12 million despite authorities clamping down on its business model earlier this year. The investment is from Felix Capital, Alven Capital, and Via HD. It comes several months after the company was reprimanded by transport authorities for operating an unlicensed taxi service. It was fined over half […]

German ridesharing startup CleverShuttle secures investment from Daimler

CleverShuttle, a German on-demand ridesharing startup, has received an undisclosed investment from Daimler Buses and its subsidiary EvoBus. CleverShuttle, based in Berlin, develops on-demand transport solutions for booking shuttles where passengers travelling in a similar direction pool together for one vehicle. The app determines the fastest and cheapest routes for all the passengers. It currently […]

Daimler’s MyTaxi acquires Greece’s Taxibeat for undisclosed amount

Greek taxi hailing app Taxibeat has been acquired by German competitor MyTaxi, which is owned by Daimler. No financials have been disclosed. Taxibeat, founded in 2011 in Athens, operates throughout Greece and has a small Latin American foothold with operations in Peru. To date it has raised around $7 million. The deal is believed to […]