FlixMobility raises more than $650million as it eyes big UK expansion
FlixMobility has raised more than $650million in new funding based on a mix of equity and debt, valuing the business at $3billion. The company says that the additional funding will enable acceleration of its mission to provide affordable and sustainable transport solutions and support network expansion strategy and new technology to optimise the platform.
Flixbus has singled out the UK as one of its key growth targets.
André Schwämmlein, founder and co-CEO, says: “62 million passengers travelled with us in 2019, and this new funding will help us build on our success. We are confident in our ability to offer green mobility to even more people in the future through both an expanded network offering on rail and road in our existing markets, as well as in new countries and continents.
“We want to make green, affordable mobility accessible to as many people as possible. We are confident the UK will become one of our most important markets in Europe, starting with a massive expansion on domestic routes this year.”
Andreas Schorling, managing director FlixBus UK, adds: “We believe it will be a great year for domestic travel. In 2021, FlixBus will be offering the second biggest network across the country and is on a clear path to become the largest UK player by 2025. The restart of our operation has been very successful.”