Chauffeur firm Blacklane looks to ‘double down’ on London after Saudi cash injection Transport and infrastructure Luxury chauffeur service Blacklane is looking to “double down” on London after announcing its largest-ever funding round late last year. The Berlin-based firm, which counts Mercedes-Benz and the Saudi Public Investment Fund (PIF)’s Tasaru Mobility among its investors, raised £53.5m in October amid long-running reports of a possible Initial Public Offering (IPO). Blacklane’s airport transfer [...]
Bolt faces potential £200m bill after losing workers right case Legal Ride-hailing app Bolt lost a legal challenge over classing drivers as 'workers', as a Tribunal sided with the workers, opening the door to employment benefits.
Bolt: Uber rival doubles UK sales as it surges into the black Transport and infrastructure The UK arm of online taxi firm Bolt more than doubled its turnover as it surged into the black, it has been revealed. The company has reported a turnover of £520m for 2023, according to newly-filed accounts with Companies House, up from £237.8m. It has also posted a pre-tax profit of £8.2m for the 12 [...]