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BlaBlaCar Secures 100 Million Euro Financing for Global Expansion Through Acquisitions"

BlaBlaCar, the French unicorn company known for its shared travel platform, has recently secured a substantial financing of 100 million euros in credit facilities. This infusion of funds is earmarked for international acquisitions, signifying a strategic move to bolster its presence and offerings across the globe. Despite the ongoing economic challenges, BlaBlaCar stands out as a beacon of profitability, having sustained profitable operations for the past 24 months.

Founded 18 years ago and boasting a workforce of 800 employees, BlaBlaCar is now poised to enter a new phase of expansion marked by profitable growth. The company's CEO and co-founder, Nicolas Brusson, expressed enthusiasm about the financing, citing plans to explore various acquisition opportunities as part of their broader strategy to enhance their multimodal offering. While specific acquisition targets and regions outside of Europe were not disclosed, BlaBlaCar's track record suggests a penchant for strategic acquisitions that complement its existing services and expand its market reach.

One notable aspect of BlaBlaCar's growth trajectory is its impressive financial performance. In 2023, the company achieved a revenue milestone of 253 million euros, marking a substantial 29% increase compared to the previous year. This revenue surge underscores BlaBlaCar's resilience and adaptability in navigating the evolving landscape of shared mobility. Furthermore, the company's sustained profitability over the past two years, coupled with positive EBITDA figures, underscores its financial stability and operational efficiency.

While BlaBlaCar's roots lies in Europe, its ambitions extend far beyond the continent. The company's success story has resonated with millions of travelers worldwide, with over 80 million individuals opting for BlaBlaCar's carpooling and bus services in 2023 alone. Notably, emerging markets such as India and Brazil have emerged as key growth drivers, with Brazil solidifying its position as the top country for carpooling within BlaBlaCar's network.x

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This project is supported by EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. EIT Urban Mobility acts to accelerate positive change on mobility to make urban spaces more liveable.

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