Lyft Acquires FREENOW From BMW Group and Mercedes-Benz Mobility

July 31, 2025

Lyft has completed (per Lyft’s update) its acquisition of FREENOW, a leading European multi-mobility app centered on taxis. The deal was previously announced as a definitive agreement for about €175 million (about $197 million) in cash, with FREENOW continuing to operate with its leadership team across multiple European countries.

Buyers
Lyft, Inc.
Targets
FREENOW
Sellers
BMW Group, Mercedes-Benz Mobility
Industry
Transportation
Location
Germany
Transaction Type
Buyout

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