French Carpooling Startup BlaBlaCar Raises $100M in Funding

July 2, 2014

5:08 pm

Why hire a black car service when you can just catch a ride with someone going towards your destination anyway? That’s the idea behind BlaBlaCar, a French carsharing company. They announced today that they raised $100 million round from Index Ventures, Accel Partners, and more to “transform city-to-city travel.”

Unlike Uber,  BlaBlaCar doesn’t enlist drivers but offers users a seat in a car of someone who already plans to drive to your destination. It is an alternative to public transportation.

BlaBlaCar cofounder Nicolas Brusson said in a recent interview that a “typical journey” on BlaBlaCar averages around “200 miles” and costs the passenger “about $20.” Drivers “offer their empty seats to passengers who book them the same way they would book a train ticket. The drivers are not making a profit, they are sharing a cost,” said Brusson.

The startup plans to expand to Brazil and Turkey but no plans of expanding to U.S just yet.

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

  • Shares

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250
.ME Tech.co search 300x600

Get personal with .ME

Make your domain name as unique and memorable as you are. Get creative, get .ME!