POELLATH advises chauffeur service Blacklane on Series G financing round of over EUR 60 million
TASARU Mobility Investments (“TASARU”) is a new strategic investor. Existing investors Mercedes-Benz Mobility, Gargash Enterprises, Al Fahim Group, Alstin Family and RI Digital Ventures have also participated. As part of the investment, Blacklane plans to expand its activities in its largest market, the U.S., to sharpen its focus on the Middle East, as well as to pursue its business in Europe. Particularly in Saudi Arabia, the company will launch in several major cities, deploy a fleet of electric vehicles (EVs), create jobs and train both female and male chauffeurs.
POELLATH advised Blacklane on the financing round and other strategic corporate decisions with the following team:
- Christian Tönies (partner, co-lead, M&A/VC, Munich)
- Markus Döllner (counsel, co-lead, M&A/VC, Munich)
- Dr. Sebastian Gerlinger (partner, M&A/VC, Munich)
- Daniel Wiedmann (associated partner, antitrust law, Frankfurt)
Ryan Citlau and Jose Armida provided in-house legal support on the financing round.
Blacklane is a provider of premium chauffeur services in more than 50 countries, with approximately 400 employees and thousands of chauffeur partners. The company offers airport transfers, city-to-city shuttle services, city-center mobility options and hourly chauffeur services.
