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Blacklane Enters Partnership With SIXT and Closes Series F Round

  • SIXT invests significant million euro sum in Blacklane, turning the company into one of its important shareholders
  • SIXT and Blacklane will jointly drive international growth by initially focusing on North America
  • Partnership includes integration of Blacklane services into SIXT app and gives Blacklane's chauffeurs partners access to SIXT's vehicles and connected services
  • SIXT investment marks second closing of series F round after previous investments by Mercedes–Benz Mobility and Gargash Enterprises

BERLIN , Sept. 27, 2023 (GLOBE NEWSWIRE) — Today, global chauffeur service Blacklane announced a partnership under which leading international provider of high–quality mobility services SIXT will become one of Blacklane's important shareholders. In future, Blacklane and SIXT will jointly work on expanding their footprint in international markets, initially with a special focus on North America, for both companies the most important growth market.

Blacklane's chauffeur services will be available via the SIXT app in the US and other international markets in 2024, offering Blacklane as additional premium mobility option on the platform. The partnership will also benefit both companies through for example leveraging SIXT's fleet capabilities and connected services. This will offer guests and chauffeur partners an even broader choice of vehicles and services.

"We at SIXT are committed to providing premium mobility solutions in car rental, carsharing, subscription, and ride–hailing services. We welcome Blacklane on board as an additional valued partner in our mobility ecosystem and are looking forward to jointly create synergies for our business with this partnership", said Nico Gabriel, Chief Operating Officer (COO) at SIXT.

"We are thrilled to win SIXT as our partner and investor in this funding round", said Dr. Jens Wohltorf, CEO and Co–Founder of Blacklane. "Their extensive experience in the ground transportation and travel industry, combined with our expertise in premium chauffeur services, create a powerful bond that will drive both company's global growth and innovation and solidify Blacklane's position as industry leader."

The investment marks the second closing of Blacklane's series F funding, providing Blacklane with a significant million euro investment at a valuation roughly 50% higher than the previous one from 2020. The first round of this F series was backed by prominent investors Mercedes–Benz Mobility and Gargash Enterprises, driving Blacklane's growth in the Middle East.

With the completion of this Series F round, Blacklane is poised to strengthen its position as global leader in premium ground transportation. Coming out of a highly successful period where Blacklane quadrupled revenues in 2022 year–over–year, the company now plans to accelerate its growth by investing in new services such as its City to City–program, connecting metropolitan areas via 127 routes in 11 countries. The funding round will also contribute to the expansion of Blacklane's German and global employee base of 300, driving the company's growth and further strengthening its presence in its domestic market as well as abroad.

Additionally, the funding will support Blacklane's sustainability efforts by implementing innovative mobility solutions. The company is committed to deliver 15% of its rides with electric vehicles by year–end 2023, and 50% by 2025. Blacklane is also offsetting all rides back to its founding in 2011.

SIXT joins notable investors such as Mercedes Benz Mobility, Al Fahim Group, Gargash Enterprises, b2venture and Alstin Capital, all of which demonstrate confidence in Blacklane's business model and growth expectations.

Click here (https://www.blacklane.com/en/press/presskit/) to download the press kit.

ABOUT BLACKLANE
We are Blacklane, providers of premium global chauffeur services. Our mission is to create true peace of mind for discerning guests by delivering perfect experiences around the world to inspire for a better future. Blacklane offers airport transfers, City to City commutes, In City mobility options and chauffeur services by the hour in over 50 countries globally, either pre–booked or On Demand. Whether it's for business or pleasure, Blacklane and its 300 employees and thousands of chauffeur partners have the right premium transportation service for you. By changing how people move, we opened up new opportunities for our chauffeur providers and set industry standards for climate protection in the travel industry. Book on www.blacklane.com or download our app.

For Blacklane global media inquiries, please contact:

Blacklane GmbH
Radmila Palov
press@blacklane.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1b6b304c–915d–4057–897f–f6ed288fd8ba


GLOBENEWSWIRE (Distribution ID 8928938)

Global Chauffeur Service Blacklane Names Ebony S. Morczinek as Chief Financial Officer


Morczinek will accelerate the continuous scaling of Blacklane by driving growth through capacity optimization and the use of finance to drive strategy and localisation.

BERLIN, May 04, 2023 (GLOBE NEWSWIRE) — Today, global chauffeur service Blacklane announced that it has appointed Ebony S. Morczinek as the new Chief Financial Officer (CFO), effective immediately. She will report to Blacklane CEO and Co–Founder Dr. Jens Wohltorf, and is charged with optimizing the finance functions with a focus on enabling global and local operational management to drive Blacklane's growth. With more than 20 years of experience directing all facets of economics, operations, and executive–level business administration for top–tier organizations, Morczinek brings proven leadership and valuable insights to the Blacklane team.

Most recently, Morczinek served as the Chief Executive Officer (CEO) Europe for global meal kit provider Marley Spoon, where she was recognized for doubling gross revenue while leading integrated operations across six countries in Europe. Before that, she was the Chief Financial Officer of the Global Services division at Likewize (formerly Brightstar Corporation), where she spearheaded IPO readiness for the global telecommunications company. Stations at companies such as Citigroup and Lufthansa complement her career, giving her experience in working with large organizations as well as start–ups.

"I am thrilled to join the Blacklane team and further establish our leadership position in the premium mobility and travel industry," said Ebony S. Morczinek. "My goal is to support Blacklane's growth trajectory in a sustainable way, while having a keen eye on the business opportunities which will come through markets and our investor community. My thanks go to Jens and the Board for the trust they have placed in me as we drive Blacklane's success story based on a common mission to create true peace of mind by delivering perfect experiences around the world to inspire a better future."

"We are continuing to grow Blacklane's executive team and it fills me with great pleasure to welcome Ebony to our group," says Dr. Jens Wohltorf, Co–Founder And CEO of Blacklane. "Coming out of a highly successful period where we quadrupled revenue in 2022 year–over–year and won a significant investment from Gargash Group and Mercedes–Benz Mobility, in 2023 we plan to introduce innovative products as well as expand and open markets. Ebony's expertise in a wide range of strategic operational and financial tasks will bring Blacklane to the next level as it continues to revolutionize our industry."

Press Materials

ABOUT BLACKLANE
Blacklane's global chauffeur service brings peace of mind to travelers moving through a fast–paced world. The crew's dedication to safety, reliability, and smart technology places Blacklane at the forefront of a new era of stress–free travel. Since 2017, the company has been carbon–neutral, combining a five–star guest experience with care for the planet. Upgrade your travels on Blacklane's mobile apps or website.

For Blacklane global media inquiries, please contact:
Blacklane GmbH

Radmila Palov

press@blacklane.com

+49 157 80 67 4435

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4536f7bf–c270–42da–abde–ac36d5f5ebd6


GLOBENEWSWIRE (Distribution ID 8831916)