Existing investors are behind a new €22 million investment round in chauffeur platform Blacklane.
The round is the first for the Germany-based company in three years, when it raised a record $45 million in a Series D investment from Daimler and BTOV Partners, with UAE-based ALFAHIM also participating.
Earlier investment rounds included a Series B ($14 million) in December 2013 and an additional Series B ($3.3 million) in November 2014.
The new round will be used to investment in "local and regional rides" and the development of sustainable transportation.
Blacklane recently dipped its toe into the ride-hailing market with the launch of chauffeur rides in 22 cities in 11 countries around the world, including Dubai, London, Los Angeles, New York, Paris and Singapore.
This new division works alongside Blacklane's existing scheduled transfers and door-to-door intercity journeys.
The launch of the chauffeur-hailing business follows the acquisition of Havn, a U.K.-based all-electric chauffeur service.
The deal is part of Blacklane's plan to electrify its fleet of vehicles.
CEO and co-founder Jens Wohltorf says: "The global travel and mobility industries have suffered, with several players struggling between drastic cuts, hibernation or ceasing operations. Blacklane has taken the opportunity to cater to travelers’ emerging needs.
"Thanks to this financing, we will continue to fast-track our innovation, with zero layoffs."