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Uber to expand premium offerings with Germany’s Blacklane acquisition

Uber to expand premium offerings with Germany’s Blacklane acquisition

A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid

Uber Technologies has agreed to acquire Berlin-based chauffeur service Blacklane as part of its push into premium and executive travel, the companies said on Monday.

The deal, subject to regulatory approvals, will expand Uber’s presence in the fast-growing market for pre-booked, high-end transport services.

Uber declined to provide financial details regarding the deal, except that it is expected to close by the end of 2026. Blacklane was valued at $547.32 million after a funding round in October 2024, according to PitchBook data.

The ride-hailing platform said the acquisition would complement its Uber Elite offering and help deliver premium travel options to a broader global customer base.

 

(Reporting by Akash Sriram in Bengaluru)

 

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