Chauffeur service provider Blacklane has secured €60 million in new funding to allow it to ¡°accelerate the next phase¡± of its global growth plans.

Berlin-based Blacklane¡¯s latest cash injection comes from TASARU Mobility Investments, which is owned by Saudi Arabia¡¯s Public Investment Fund. The ¡°Series G¡± funding will be used to expand in key markets such as the US, Europe and the Middle East.

Jens Wohltorf, CEO and co-founder of Blacklane, said that TASARU¡¯s ¡°mobility know-how will be a big asset¡± to the ground transport specialist.

¡°This financing round is a strong signal and acknowledgement of what the Blacklane team has accomplished over the last years,¡± added Wohltorf.

Blacklane¡¯s investors already include Mercedes-Benz Mobility, car rental firm Sixt, Gargash Enterprises and Al Fahim Group.

Michael Mueller, CEO of TASARU Mobility Investments, added: ¡°We are excited to partner with Blacklane, a company that shares our vision for innovation and sustainable growth in the mobility sector.

¡°This investment is a testament to our commitment to fostering a thriving automotive and mobility ecosystem in Saudi Arabia.¡±

The new funding will be used to expand Blacklane¡¯s operations in the US, as well as to ¡°sharpen its focus on the Middle East and continue its business in Europe¡±. This will include opening in several cities in Saudi Arabia where the company will deploy a fleet of electric vehicles (EVs).

Further moves will include Blacklane investing in more airport transfers and city-to-city services, as well as growing its new ¡°in-city¡± mobility options, which have already launched in London, Miami and Dubai.?