Lyft Buys FreeNow From BMW and Mercedes-Benz in $197M Deal to Enter Europe
Lyft acquires FreeNow from BMW and Mercedes for $197M, marking its first international ride-hailing expansion into Europe.
Lyft acquires FreeNow from BMW and Mercedes for $197M, marking its first international ride-hailing expansion into Europe.
BMW and Mercedes-Benz are exploring a sale of FreeNow, their once-promising ride-hailing app, as they shift focus back to vehicle production and EVs.
BMW and Daimler confirmed the ParkNow app they have developed and jointly owned will be sold to the EasyPark Group.
BMW and Daimler are still a bit unsure about the future of mobility, so they aren't willing to sell ride-hailing service FreeNow.
ADVERTISEMENT
Uber was apparently interested in buying FreeNow and now we also have a reported figure for the transaction: $1.2 billion.
BMW and Daimler are now looking to part ways with ParkNow, as they are trying to focus all their efforts on saving the car-making business
A new report suggests that Uber could be interesting in purchasing FreeNow, the ride-hailing service by BMW and Daimler.
BMW and Daimler's joint ride-hailing service FreeNow has reportedly bought 60 Teslas to add to their fleet of vehicles.
Earlier this year BMW and Daimler announced a joint effort in the field of smart urban mobility under the name of FreeNow
The collaboration between BMW and Daimler is getting new dimensions as the two German premium car manufacturers expand their business...