Uber is set to acquire Berlin-based Blacklane, a startup that aims to expand its luxury and executive ride-hailing services.
Founded in 2011, Blacklane offers premium chauffeur-driven car services and has raised more than $100 million in investments from Sixt, Mercedes-Benz and UAE-based ALFAHIM Holdings.
Uber said the deal is subject to regulatory approval and is expected to close by the end of the year. Financial details were not disclosed.
The acquisition follows the recent launch of Uber Elite, a service that combines features such as chauffeur-driven cars, airport pickups and 24/7 support. The service, currently available in Los Angeles and San Francisco, is expected to be available in more cities in the future.
