Uber Technologies Inc. has acquired the chauffeur booking app Blacklane, the company’s latest move to court a high-end clientele.
Uber Technologies Inc. has acquired the chauffeur booking app Blacklane, the company’s latest move to court a high-end clientele. The deal will expand Uber’s offerings targeting business executives and wealthy consumers, a fast-growing segment of the business, the company said in a statement on Monday.
The transaction is expected to close by the end of 2026. Financial terms were not disclosed. Competition is heating up at the luxury end of the ride-hailing market. Uber just a few weeks ago introduced a new chauffeur ride option called Uber Elite. Last week, London-based Wheely, which specializes in serving business elites and high net worth individuals, announced that it is expanding to New York City, its first US market. And in a move similar to the Blacklane acquisition, Lyft Inc. bought TBR Global Chaufferuing five months ago for $110 million. Berlin-based Blacklane, whose backers include Mercedes-Benz Mobility AG, operates in more 500 cities across more than 60 countries through a mobile app and web booking platform. The purchase is set to bolster Uber Elite, which the rideshare giant is so far offering to frequent Uber Black riders and corporate account customers in Los Angeles and San Francisco. It is planning to expand the service soon to New York City. Uber’s premium ride options, which include Uber Comfort, SUV and Black, already account for more than $10 billion in annualized gross bookings, the company said last year, representing a 35% increase from the prior year.Tech company rents South Bay office spaces to fuel local expansionBlacklane was founded in 2011 and was valued at more than €500 million after a 2024 funding round, Bloomberg reported at the time. Its investors include Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s Public Investment Fund, as well as Gargash Enterprises LLC, Al Fahim Group and RI Digital Ventures.Newsom issues 'final warning' to cities over housing law violations — only one is in the Bay AreaWhat stood out in Tony Vitello's first series as SF Giants' manager?DA clears relative who killed rapper Lil Toro in Concord confrontationHarriette Cole: How can I possibly have this conversation with my new boyfriend?
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