Mitsui and Deutsche Bahn are investing in CleverShuttle to drive expansion
The Background The taxi industry in Germany is undergoing a radical change because more and more intelligent and ecologically friendly alternatives enter the market. CleverShuttle offers RidePooling where passengers with similar destinations share a vehicle. The startup bundles the different transport requests of its customers into joint journeys which are calculated in a matter of seconds using algorithms. CleverShuttle operates by far the largest fleet of electric vehicles in Germany for this purpose. For the end customer this results in uncomplicated, comfortable, environmentally friendly travels that are less expensive compared to standard taxi operators.
The Deal CleverShuttle has successfully completed a financing round with the investors Deutsche Bahn and Mitsui. IEG – Investment Banking Group has acted as exclusive financial advisor to Deutsche Bahn. Mirko Heide, Executive Director of IEG, explains: "We are honored to support Deutsche Bahn in expanding its digital mobility concept. With the Japanese Mitsui Group, we have found an important partner who will actively support CleverShuttle's further expansion."
The Partners Founded in 2014 in Berlin by three friends from school, CleverShuttle is the leading RidePooling expert in Germany. The company is committed to environmentally friendly and affordable door-to-door mobility by professional drivers. Deutsche Bahn AG is one of the world's leading mobility and logistics companies and employs around 331,600 people worldwide - 205,000 of them in Germany. The Japanese Mitsui Group operates internationally and is mainly active in areas such as mobility, infrastructure, steel, energy and healthcare.
The Perspective Berthold Huber, DB Board Member for Passenger Transport, comments on the cooperation: "We are delighted to have found a partner in Mitsui who, like us, is fully convinced of CleverShuttle's business model". Bruno Ginnuth, CEO and Co-Founder of CleverShuttle adds: "Together with Deutsche Bahn and Mitsui, we are able to engage even more people in our attractive, climate-friendly range of products and services and to reduce fine dust and traffic noise in the major cities".