Flix is a global travel tech company operating asset-light intercity coach and rail services under the FlixBus and FlixTrain brands across 43 countries. The company has recently entered Chile and India and is expanding services in the UK, Portugal, Ukraine, Norway and Finland. Flix has operated in the United States since 2018 and acquired Greyhound Lines in 2021, integrating operations into its platform. In 2023 the company reported 30% total revenue growth, reaching EUR 2 billion in annual total revenue with adjusted EBITDA of EUR 104 million. Flix plans to further scale FlixTrain, transform the North American bus market, and pursue international market leadership while maintaining an asset-light model. The company published its second voluntary ESG report for 2023 and emphasizes sustainable, low-carbon and affordable travel as core to its strategy. FlixMobility operates the FlixBus coach network and FlixTrain rail service on an asset-light model in which it does not own the vehicles that run under its services. The company reported 62 million passengers in 2019 and, pre-pandemic, served some 29 countries with roughly 300 independent bus and train partners, about 350,000 daily connections to more than 2,000 destinations. Like many mobility companies, FlixMobility’s business was heavily affected by the COVID-19 pandemic, forcing service reductions and temporary halts, though it implemented safety measures and expanded some routes in countries such as Portugal and the U.K. Management says bookings in the U.S. are already above pre-COVID levels and European markets are picking up. The company plans to use new funding to expand its network in the U.S. and across Europe and to add more buses to its U.S. fleet. FlixMobility is led by co-founders Jochen Engert and André Schwämmlein. Flixmobility operates FlixBus, a technology-driven long-distance bus platform providing green, budget travel across Europe and beyond. The company manages technology, ticketing, customer service, network planning, marketing and sales while local SME partners run daily bus operations. Founded in 2013 by Jochen Engert, Daniel Krauss and André Schwämmlein, over 100 million people have travelled with FlixBus across 29 countries. It offers amenities such as free WiFi, onboard entertainment, power outlets and luggage allowance, and says trips save 80% CO2 emissions versus car travel. The company recently raised around €500 million in a Series F that values it above $2 billion and plans to use proceeds to expand into Latin America and Asia and to launch a car-pooling service, FlixCar. Flixmobility has also expanded to New Orleans in the U.S. and plans to roll out Flixtrains when European rail markets liberalize. FlixBus operates an e-commerce and technology platform that enables intercity bus travel by partnering with independent bus operators. The company focuses on network and capacity planning, quality management, and sales and marketing while its partners run the vehicles. Since founding it has served more than 60 million passengers through roughly 100,000 daily connections to about 1,000 destinations in 20 countries. FlixBus works with more than 250 independent bus partners and offers comprehensive networks in Germany, France, Italy, Austria and the Netherlands, plus cross-border services to Scandinavia, Spain and the UK. The company raised a growth funding round (amount undisclosed) and intends to use the proceeds to further drive expansion plans. No revenue or profitability figures were disclosed in the article.

Total raised

$1.2B

Funding rounds

5

Latest round

Series G

Latest activity

Jun 2021