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Transport Startup FlixMobility Carried 62 Million Passengers in 2019

Transport application FlixMobility reported on Thursday a 37% increase in passenger numbers in 2019, as Germany’s greatest-funded tech startup claimed the mantle of the world’s biggest provider of intercity bus services.

FlixMobility, which runs an Uber-like app while joining hands with private bus and practice firms, carried 62 million passengers last year when its growth rate halted barely from the 40% seen in 2018.

The company, founded in 2013, attracted the largest funding round thus far by a German tech startup last July, raising nearly 500 million euros ($556 million) from traders led by TCV and Permira, valuing it at over 2 billion euros.

Famous for its green FlixBus intercity coaches, the corporate last year expanded into Ukraine, also buying Turkey’s leading bus provider Kamil Koc and European long-distance coach service Eurolines. It now operates in 30 nations.

FlixMobility launched coach companies in the U.S. in 2018, challenging the veteran Greyhound brand, and now serves 100 destinations from coast to coast.

FlixMobility’s investors include Holtzbrinck Ventures, the European Investment Bank, Normal Atlantic, Silver Lake, and German car manufacturers Daimler.

Daimler has further coupled in a mobility venture with BMW, known as FREE NOW, that offers a spread of services starting from taxis and ride-hailing to automobile sharing. The FREE NOW platform achieved a turnover of 2 billion euros in 2019.

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Jerry Bennett

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