BlaBlaCar is a prominent name in the French startup ecosystem, transitioning from a scrappy online hitchhiking community to a successful company that has achieved unicorn status. Despite its long history, BlaBlaCar remains an innovative and intriguing company today, with a unique trajectory.
The company recently announced securing a €100 million revolving credit facility, providing it with a new financial resource to drive growth and explore acquisition opportunities. Co-founder and CEO Nicolas Brusson emphasized the advantages of utilizing debt as a flexible and non-dilutive tool to support the company’s future endeavors.
Profitable for the past 24 months
Although not publicly traded, BlaBlaCar has disclosed its profitability for the first time, revealing consistent profitability since April 2022. This milestone comes during a challenging year for French startups, underscoring BlaBlaCar’s stability and success in the market.
Unlike companies that claim profitability based on EBITDA alone, BlaBlaCar generates net profits considering all costs. With a growing user base globally and plans to monetize in key markets, the company continues to demonstrate sustainable growth and financial health.
Looking ahead, BlaBlaCar aims to expand its ground transportation offerings by incorporating train tickets alongside carpooling and bus rides. The company’s innovative approach seeks to enhance user experience and provide seamless travel options.
Expanding Network and Services
As BlaBlaCar explores new markets and opportunities, it remains committed to providing efficient and cost-effective transportation solutions to its users globally. With a focus on growth and sustainability, BlaBlaCar continues to redefine the future of shared mobility.
