Advising Germany's largest independent car sharing provider MILES on its series C fundraise.
Flow Partners acted as an exclusive financial advisor to Germany's largest independent car sharing provider MILES Mobility, on its Series C growth fundraise by Crosslantic Capital.
Berlin, GermanyOverview
Founded in 2016 and led by Oliver Mackprang, MILES provides kilometre-based car sharing, van sharing and packages for flexible long-term rentals, without any stations in a free-floating system.
MILES provides kilometre-based car sharing, van sharing and packages for flexible long-term rentals - without any stations in a free-floating system. MILES believes in a world in which mobility should be shared, sustainable and accessible to everyone and wants to provide an alternative to private car ownership. The mission is to be part of the personal mobility mix to improve urban life.
Düsseldor-based private investment firm Crosslantic Capital led this series C funding, joined by several previous backers.
This transaction highlights Flow Partners' successful track record within mobility and online marketplaces, having advised companies like HAPPYCAR (car rental comparison platform), Onlogist (last-mile vehicle transfer marketplace) or GoTrendier (online marketplace for second-hand fashion).
About MILES
Founded in 2016, MILES Mobility is the largest independent carsharing provider in Germany and charges based on the driven kilometer, not by the minute. MILES' offering includes kilometer-based carsharing, LCV sharing and flexible rates for rentals up to 30 days – all available in a convenient and seamless stationless free-floating system.
The different vehicle types and sizes are geared to the different needs of the users, e.g. transport trips, short in-city trips, family outings and vacations. When sourcing vehicles, MILES focuses on low-emission engines and supports the use of electromobility, aiming to be operationally climate neutral by 2025.
About Crosslantic Capital
Crosslantic Capital is one of the leading growth equity firms providing capital and strategic guidance to fast-growing companies with a competitive advantage by using technology. Crosslantic partners with outstanding management teams as well as entrepreneurs and leverage its extensive operational and industry experience to turn companies into category leaders.
Currently, Crosslantic invest capital from its second fund with triple-digit million assets under management.
About Flow Partners
Flow Partners provides founder-friendly corporate finance and fractional CFO advice to technology entrepreneurs globally. Flow was founded in 2020 and operates globally with presence in London, Berlin, Warsaw and Miami.
For more information, please visit flowpartners.io.
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For all enquiries please contact the team at hi@flowpartners.io
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