FreeNow: €1.6B Cumulative Loss and just €56.8m Revenue in 2024
FreeNow's 2023 Financials and historic financials chart, Donkey Republic's Q3 2024 results breakdown
Welcome to the 17th edition of our OTD Newsletter, and extending a warm welcome to our new subscribers.
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In this newsletter:
FreeNow’s 2023 Financials
Q3 2024 Results of Donkey Republic
FreeNow’s 2023 Financials
FreeNow is a mobility service company headquartered in Germany that offers ride-hailing and multi-modal mobility solutions through its app. Initially launched as mytaxi in 2009, the company later rebranded to FreeNow in 2019. FreeNow was part of the joint venture YourNow, setup by Mercedes Benz and BMW with €1B investment.
Here is a breakdown of their 2023 financials: