M&A advisory for ridesharing companies
Ridesharing M&A sits in the aftermath of global consolidation. Uber, Lyft, Bolt, Grab, DiDi and Ola absorbed most regional operators through successive funding cycles, and what remains is concentrated in specialist verticals - corporate mobility, intercity, fleet operators, EV and autonomous adjacencies - plus regional players that reached profitability. Driver classification rulings in the EU, UK and California sit alongside profitability as the central diligence questions.
The horizontal strategics are a short list - Uber, Lyft, Bolt, Grab, DiDi and Ola - and they acquire selectively on their own timing for regional and adjacent assets. Mobility OEMs are increasingly active in fleet and EV-adjacent deals, and a small set of mobility-specialist PE platforms covers the rest, with KKR, Apollo, Permira and Cinven all having underwritten mobility assets. Flow has direct access to corp-dev at the horizontal platforms, to mobility OEM venture and M&A teams, and to the PE platforms covering mobility.
Flow team has relevant sector experience and has worked with ridesharing companies across consumer ridehailing, corporate and intercity mobility, fleet operator platforms, driver and operator tooling and EV and autonomous adjacencies.
"Ridesharing" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing ridesharing M&A targets
Trips
Gross bookings
Take rate
Active riders
Active drivers
Driver supply hours
Gross margin per trip
Driver utilisation
Surge multiplier
Regulatory exposure
Ridesharing valuations in May 2026
Public ridesharing comps trade at 2.0x EV/Revenue. Median revenue multiple across ridesharing M&A deals was 5.9x in the last 12 months.
2.0x
Median EV/Revenue as of May 2026 for public ridesharing companies
3.0x
Uber is the highest valued public ridesharing company based on EV/Revenue (excluding outliers)
5.9x
Median EV/Revenue across ridesharing M&A deals in the last 12 months
15x
Median EV/Revenue across ridesharing VC rounds in the last 12 months
Key recent ridesharing M&A deals
$1.2B acquisition of Voi by Uber was the largest ridesharing M&A transaction completed in the last year.
See all ridesharing M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
May-26 | Voi |  | VOI Technology is a micromobility operator providing e-bikes and e-scooters across more than 150 cities in Europe. The Sweden-headquartered company achieved EBIT profitability in 2024 through efficient fleet management and urban partnerships. Voi collaborates with city governments in countries like the United Kingdom, Germany, and Sweden to deliver sustainable last-mile transportation solutions. | Uber | $1.2B | 5.9x | |
Mar-26 | Blacklane |  | Blacklane is a Berlin-headquartered chauffeur service operating in over 500 cities across 50 countries, providing carbon-neutral airport transfers, hourly hires, intercity journeys, and corporate travel in premium hybrid and electric vehicles. The company features real-time flight tracking, meet-and-greet options, a mobile app for bookings, and partnerships with airlines and hotels, maintaining carbon neutrality since 2017 through offsets and sustainable fleet choices. | Uber | $1.1B | - | |
Apr-26 | Gett UK |  | Gett UK runs a technology platform linking passengers and corporate clients with licensed taxis and private hire vehicles for on-demand and pre-booked rides. Black taxis form the core of its fleet, supplemented by executive and group options. Businesses use its corporate system for centralized booking, tracking, expense management, and real-time reporting across urban areas. | Lyft | $55M | - | |
May-26 | G | Getaround (Europe operations) |  | Getaround (Europe operations) is a peer-to-peer car-sharing platform that formed the core of the former global Getaround group. | GoMore | - | - |
Apr-26 | Fly Taxi |  | Fly Taxi is a taxi booking app in Hong Kong that detects user locations for instant reservations. | Uber | - | - | |
Mar-26 | Automicle |  | Automicle is a Netherlands-based API platform connecting digital businesses to local ground transportation providers. Its SDKs integrate taxis, shuttles, and rideshares from partners like Bolt and local MSPs into apps for e-commerce and hospitality. Automicle handles payments, routing, and compliance across Europe, reducing integration time from months to days. The service operates in 15 countries including Germany and France. | Namma Yatri | - | - | |
Feb-26 | Blii Delivery App |  | Blii Delivery App is a multi-service platform delivering food, groceries, parcels, and rides. Operating in select markets, it connects users with local providers for on-demand logistics. | Camcorp | - | - | |
Dec-25 | Downtowner | | Downtowner is a mobile app offering door-to-door ride services. | - | - | - | |
Nov-25 | Bradford Taxi Group Limited | | - | Book Technologies Limited | - | - | |
Nov-25 | Taxi Group Ltd. | | Taxi Group Ltd. is a UK software provider developing booking and dispatch systems for taxi operators in northern England. Leeds-headquartered as a subsidiary of Book Technologies, the company powers fleets in Bradford, Sheffield, Barnsley, Rotherham, Doncaster, Leeds, and Manchester with its cloud platform handling over 5 million rides yearly. Launched in 2018, Taxi Group integrates payment gateways and driver apps supporting contactless fares and real-time ETAs. | Book Technologies Limited | - | - | |
Nov-25 | Manchester Taxi Group Limited | | Manchester Taxi Group Limited operates as the primary taxi service in Manchester under the leadership of Cash Haleem. | Book Technologies Limited | - | - | |
Nov-25 | Leeds Taxi Group | | Leeds Taxi Group operates private hire vehicle services as part of Taxi Group Ltd under Book Technologies Inc. from Leeds, United Kingdom. The fleet supports app-based bookings for airport transfers and city rides, integrated with the Book online platform serving Yorkshire customers. | Book Technologies Limited | - | - | |
Nov-25 | Sheffield Taxi Group Limited | | Sheffield Taxi Group Limited is a Sheffield-based taxi dispatch and booking operator under Taxi Group Ltd and Book Technologies Inc. The service provides app-based ride hailing, airport transfers from Sheffield to Manchester and Leeds airports, corporate account management, and fixed-price local journeys across South Yorkshire. Its platform integrates GPS tracking, cashless payments, and wheelchair-accessible vehicles for private hire licenses issued by Sheffield City Council. | Book Technologies Limited | - | - | |
Sep-25 | Toogethr | | Toogethr is an Amsterdam-based ridesharing platform launched in 2014 that matches drivers with passengers to fill empty car seats for door-to-door trips across Europe. The app uses escrow payments, GPS matching, and gamification for recurring rides or groups, operating in the Netherlands, Belgium, and Germany with over 100,000 users. Toogethr emphasizes cost-sharing for commuters between Utrecht, Rotterdam, and Antwerp. | Izix | - | - | |
Sep-25 | Bynd |  | Bynd is a São Paulo-headquartered carpooling service founded in 2014 connecting commuters via web and mobile apps for shared rides. Users input routes from home to workplaces in districts like Pinheiros and Vila Madalena, matching based on schedules and preferences to share costs on gasoline, tolls, and parking in São Paulo, Campinas, and Rio de Janeiro. | Deskbee | - | - |
Most active buyers of ridesharing companies
Book Technologies Limited, Uber and Lyft are the most active acquirers of ridesharing companies in the last three years.
See all ridesharing acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
B | Book Technologies Limited | | Book Technologies Limited is a UK-headquartered developer of transportation software. It owns Miriam Farid Publications and taxi groups in Bradford, Sheffield, Leeds, and Manchester. Focused on consumer apps for ride-hailing and driver benefits since 2015, its platforms operate in northern England, integrating payments and dispatching for 1,000 licensed vehicles. | Bradford Taxi Group LimitedTaxi Group Ltd.Leeds Taxi Group+2 | 5 |
Uber | | Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber operates in over 70 countries, with over 202 million users who order rides or food at least once a month. | VoiFly TaxiBlacklane+1 | 4 | |
Lyft | | Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users. | Gett UKFREE NOWTBR Global Chauffeuring | 2 | |
Pluxee | | Pluxee NV is a company providing employee benefits and engagement. The company offers products and services focused on their real daily needs from meal orders to expense reports and well-being. The company's operating segments include: Continental Europe; Latin America; and Rest of the world. It derives maximum revenue from Continental Europe. Geographically, the company derives maximum revenue from Brazil. | SkiprProEvesBenefício Fácil+1 | 1 | |
Izix |  | Izix is a Belgian parking management platform designed to resolve urban parking issues for drivers, operators, and municipalities. The scalable system enables seamless booking, payment, and access via mobile app, integrating real-time availability and navigation. Headquartered in Ghent, it creates frictionless experiences at public and private lots, reducing congestion and improving revenue for parking stakeholders across Europe. | Toogethr | 1 | |
GoMore |  | GoMore is a peer-to-peer car-sharing platform operating in Northern Europe with over 3 million registered users across Denmark, Sweden, Finland, Austria, Switzerland, and Spain. It facilitates private rentals and a lease-and-rent-out model where owners lease vehicles long-term and sub-rent daily. Headquartered in Copenhagen, Denmark, the company manages insurance coverage up to €20,000 and verifies users through ID checks. Founded in 2013, GoMore lists 100,000 vehicles and reports 1.5 million trips completed yearly. | Getaround (Europe operations)Amovens | 1 | |
Dlivrd | | Dlivrd is a white-label delivery platform connecting restaurants and catering services with independent drivers in Latin America. Based in Bogota, Colombia, it manages orders, routes, and payments for platforms like Rappi integrations. The service covers 50 cities, emphasizing on-demand logistics for food deliveries. | Vanuse LtdAtlasFULFLLD+2 | 1 | |
Camcorp | | Camcorp is a platform offering scalable solutions in fintech, artificial intelligence, delivery services, and energy across various markets. | Blii Delivery App | 1 | |
Namma Yatri |  | Namma Yatri is an open-source ride-hailing platform based in Bengaluru that operates on India's ONDC network. The app connects passengers with auto-rickshaws and taxis across Karnataka, Maharashtra, and other states through a zero-commission model for drivers. Launched in 2022, it processes millions of rides monthly via partnerships with government bodies and local transport unions. Namma Yatri emphasizes multimodal transport integration, including buses and metro connections, to promote sustainable urban mobility in Indian cities. | Automicle | 1 | |
Deskbee | | Deskbee is a Barcelona-based SaaS for workplace management across multiple sites. Employees book desks, meeting rooms, parking, shuttles, and cafeteria seats via mobile app, with real-time occupancy dashboards. Companies in Spain, France, and Italy monitor utilization rates, supporting hybrid work for enterprises with 500-plus staff. | Bynd | 1 |
Founders and investors we've worked with
We've supported winning builders across ridesharing and beyond.
MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Rebellion Pay
We acted as exclusive sell-side advisor to Rebellion Pay, Spain's leading Gen Z neobanking platform, on its sale to Turkish consumer fintech unicorn Papara.
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HAPPYCAR
We acted as exclusive sell-side advisor to HAPPYCAR, a Hamburg-based pan-European rental car comparison and booking platform, on its sale to Dutch online price comparison player EasyTerra.
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Resillion
We provided buy-side advice to a dominant TIC industry player on the carve-out and acquisition of Resillion (fka Eurofins Digital Testing), a Hasselt-based digital testing, cybersecurity and forensics provider.
See moreRecent M&A advisory track record
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