French startup BlaBlaCar is announcing plans to obtain Ouibus, the bus branch of France’s national railway company SNCF. For the very first time, BlaBlaCar is moving past carpooling and intends to provide both long-distance carpooling rides and bus rides.
BlaBlaCar ran an evaluation using Ouibus for the previous six weeks on popular corridors. It seems like the two companies are delighted with this evaluation, as SNCF is prepared to allow BlaBlaCar operate Ouibus from today on.
As a part of the bargain, BlaBlaCar is declaring a new $114 million investment ($101 million) by SNCF and present BlaBlaCar investors. I would guess this is not just money but likely shares and cash as part of this transfer with SNCF. Yes, you read that properly, SNCF is currently an investor in BlaBlaCar.
Ouibus has transported over 12 million passengers within the previous couple of decades in France and Europe. Many believed that buses could hurt BlaBlaCar within the long term. By supplying buses on BlaBlaCar directly, the firm can capitalize on its new and enormous community to counter this tendency. BlaBlaCar is presently a market for street travel.
BlaBlaCar is currently taking a risk, as Ouibus has been losing cash. The same as other bus companies, Ouibus relies heavily on contractors, meaning that BlaBlaCar could quickly fix the offering. It will also be dependent on merchandise integrations on BlaBlaCar, OUI.sncf along with other programs.
BlaBlaCar now has 65 million users in 22 states and is going to achieve profitability. And you may expect to locate ridesharing deals on OUI.sncf from the forthcoming months.