|
. | . |
|
by Staff Writers Paris (AFP) April 15, 2015 France's ride-share champion BlaBlaCar announced on Wednesday the purchase of its main rival, Germany's Carpooling.com, as well as Hungary's Autohop, as it consolidated its position as Europe's market leader. Created in 2006, Blablacar offers a site where people making the same car journey can get together and split travel costs. It claims to have more than 20 million members across 18 countries in Europe and Asia, and in a record for a French start-up, managed to raise $10 million (9.4 million euros) in 2012 and then $100 million in 2014. The company did not reveal how much it paid for Carpooling.com, which has been around since 2001 and was originally supported by German carmaker Daimler. It said in a statement that the acquisition "will greatly increase the Blablacar community in Europe's biggest country." The purchase of Autohop, based in Budapest, will add customers in Hungary, Romania, Serbia and Croatia, allowing the company "to offer a unified ride-share service in the whole of Europe with no borders from Amsterdam to Zagreb," the statement said. Blablacar began in France before spreading to neighbouring countries. It reached Russia, Ukraine and Turkey in 2014, and this year made its debut in India. The company's founder and president, Frederic Mazzella, already has his sights on new markets, notably Brazil. The acquisitions were welcomed by France's Economy Minister Emmanuel Macron, who wrote on Twitter that "French Tech is on the way to becoming a new leader of the digital world". tq-gbh/er/mbx/rl
Related Links Car Technology at SpaceMart.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |