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Lyft Acquires FreeNow for €175 Million, Expanding European Reach

4/16/2025

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Summary

Story summary

Lyft has acquired the European taxi app FreeNow for €175 million, its first major European expansion.
This acquisition enables Lyft to reach over 50 million customers in nine countries, including Germany, Spain, and the UK.
FreeNow will maintain its operations while Lyft plans to improve service and boost annual gross bookings by €1 billion.
The deal is anticipated to finalize in the second half of 2025, pending standard conditions.

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Story summary

Lyft has acquired the European taxi app FreeNow for €175 million, its first major European expansion.
This acquisition enables Lyft to reach over 50 million customers in nine countries, including Germany, Spain, and the UK.
FreeNow will maintain its operations while Lyft plans to improve service and boost annual gross bookings by €1 billion.
The deal is anticipated to finalize in the second half of 2025, pending standard conditions.