The carrier wants to use the money for further expansion, the largest market is to become the United States.
The operator of the FlixBus or FlixTrain brands has acquired another major investor. The existing shareholders and now also the American company Canyon Partners have concluded an agreement on financing FlixMobility in the amount of more than 650 million dollars (13.58 billion crowns). It is a combination of a loan and an investment directly in the company’s registered capital.
The company informed about the new investor in a press release. He wants to use the money for his expansion. Existing investors have also joined the new series of financing, which according to the company proves strong support.
“Current developments in our funding are a strong sign for the future and for our vision of providing people around the world with sustainable mobility through FlixBus and FlixTrain,” said Jochen Engert, founder and CEO of FlixMobility.
According to him, the company successfully managed the pandemic thanks to “appropriately managed modifications of regular connection networks” and significant investments in technology and automation. The company now wants to focus mainly on expansion into new and existing markets and the expansion of the railway business in Europe. The carrier wants to create the largest transport network in the USA, Great Britain and Portugal and further expand its leading position in Turkey, France and Eastern Europe.
„We are now moving from defense to attack. Our clear goal is to become a leader in all markets in which we find ourselves. This also applies to new markets, such as the United Kingdom and Portugal or the United States, where we are currently second or third,“Says André Schwämmlein, founder and CEO of FlixMobility.
FlixMobility also uses similar words about the management on the Czech market, where the company is currently attacking RegioJet’s positions in vain. “We want to make green affordable mobility available to as many people as possible, and the United States in particular has huge potential to do so. We consider the USA to be our biggest market in the future,“Dodal sponge.
FlixMobility wants to connect its rail and bus networks more in the future. FlixTrain trains started this year to ride in Sweden, the company announced a big expansion also in Germany.
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