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Lyft logo is evident on this illustration made on June 27, 2022.
Date of Ruvi | Reuters
US Elevator On Wednesday, she announced that he was buying a European taxi app for free at 175 million euros (199 million).
The company said the acquisition – the first in Europe Lyft – is expected to close in the second half of 2025, and that, as soon as the combined, both companies serve more than 50 million united annual users.
Founded in 2009 as MyTaxi, now a free-is a platform for travel, with headquarters in Hamburg, Germany. The company has joint ownership of German automobile giants BMW and Mercedes-Benz since 2019.
The application is available in more than 150 cities from nine countries, including Ireland, the United Kingdom, Germany and France. In addition to traditional taxi and travel services, Free now also offers other mobility options, including electronic picons, electronic mopeds and electronic values.
Since 2016, Free Free has been operating German BMW and Mercedes-Benz.
Drawing alliance Drawing alliance Gets the image
The startup is positive about income -based income, debt and depreciation, creating gross orders in 2024 in 2024, the company said.
Acquisition free will give Lyft the route to expand the high competitive European riding market where it will come out against the like UberBolt of Estonia and Israel.
The closest home competitor Lyft, Uber, continues to start at the firm, first launched in the UK back in 2012. Since then, it has been caused by a number of normative issues.
London transport regulators tried to ban Uber twice for security problems. After all, the company received a fresh license to continue to act in the city in 2022.
