FREENOW Accelerates Urban Mobility: Securing $197M to Expand Europe’s Multi-Mobility Ecosystem

FREENOW, Europe’s leading multi-mobility app, is excited to announce a significant funding milestone by raising 197,000,000 to fuel its continued growth and innovation. Operating across 9 European markets and serving over 150 cities, FREENOW has established itself as a transformative force in urban mobility. At its core, the app’s taxi service is complemented by a robust ecosystem of mobility options, allowing users to seamlessly access services including PHV, carsharing, car rental, eScooters, eBikes, eMopeds, and even public transport—all within a single, easy-to-use platform. This latest round of funding is a testament to FREENOW’s proven business model and its strategic vision aimed at streamlining the future of urban transportation. With strong backing from notable shareholders such as BMW Group and Mercedes-Benz Mobility, the company continues to expand its influence and enhance its service offerings. The strategic use of the funds will focus on scaling FREENOW’s technology and operational capacity, accelerating product innovations, and broadening its network of mobility partnerships. This investment is also set to drive further efforts towards making urban mobility more efficient and sustainable, aligning with FREENOW’s commitment to reducing the environmental footprint of urban transportation by maximizing existing vehicle resources instead of adding more to the streets. Led by CEO Thomas Zimmermann and headquartered in Hamburg, FREENOW is poised to leverage this capital infusion to reinforce its market-leading position and deliver cutting-edge mobility solutions that cater to the evolving needs of modern urban dwellers. This funding milestone not only underscores market confidence in the app’s performance but also paves the way for a future where seamless, sustainable urban mobility is within everyone’s reach.