BMW and Daimler's ride-hailing service Free Now says operations are profitable and it has beaten Uber to a 2-year license in London
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Free Now is owned by two European car giants, BMW and Daimler, who committed $1 billion in 2019 to the future of mobility in a joint venture. to operate in London. Uber is due to appeal that decision in court, but still faces being kicked out of the city. UK general manager Mariusz Zabrocki told Business Insider that Free Now is profitable in most markets it operates in, including the UK, and that its European operations are profitable overall.
"April and May were extremely difficult, and that's the period where we lost a lot of revenue across Europe, like every other company," said Zabrocki. "But in June, in July, the whole of our European operations were profitable."
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