BlaBlaCar secures €100 million to expand international operations
BlaBlaCar has secured €100 million in bank loans to acquire new firms and to grow its business internationally. At its inception, the app was designed to link up drivers and passengers travelling along the same route, but since 2019, BlaBlaCar also operates a bus service. With its new funding, the firm hopes to expand both its carpooling and bus operations in countries where it already has a presence - such as Brazil, Mexico and India. In 2023, Brazil became BlaBlaCar’s leading country for carpooling activity, although the firm has a presence in 21 nations. "This €100 million of credit will en...