Carpooling rebounds as BlaBlaCar raises €100M and reaches profitability

Carpooling’s resurgence continued today as France’s BlaBlaCar reached two big new milestones. The Paris-based trip-sharing service has raised a €100mn credit line and hit profitability over the last 24 months — its first full years in the black. The company plans to use the new funding to expand its multimodal transport network. Initially launched in 2006 to pair passengers with drivers who have spare car seats, BlaBlaCar has since added local buses to the platform. Trains are also set to join the network. “This milestone demonstrates BlaBlaCar’s maturity and financial stability,” CEO Nicolas Brusson said in a statement. “Nevertheless, we…

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