Mytaxi, the European taxi e-hailing app owned by German automotive giant Daimler, has expanded into Romania by acquiring the popular Clever Taxi app. The parties did not disclose the exact details of the transaction, but stated that the valuation was set an an eight-figure number.
Clever Taxi, which was founded in 2010 by Mihai Rotaru and Alexandru Dumitru, operates in 20 major cities in Romania and has 17,000 registered taxi drivers and around 600,000 registered customers. It has provided more than 40 million rides in the country since 2010.
Mytaxi has now grown to 120,000 registered drivers and over seven million customers after the acquisition, with Romania becoming the 11th European country in which it operates. Launched in 2009, mytaxi was the world’s first app to enable a direct connection between taxi users and taxi drivers.
Andrew Pinnington, CEO at mytaxi, said:
“We are very pleased to welcome Clever Taxi into the mytaxi family. As the first taxi app in Romania with 17,000 drivers and 600,000 customers, Clever Taxi is the perfect fit for mytaxi.
“This latest acquisition underlines our ambitions in the development and growth of urban mobility in Europe. It is another step in making mytaxi the biggest, best and most loved taxi provider in Europe – providing everyday magic to millions of people across the region.”
Mihai Rotaru, co-founder and CEO of Clever Taxi, added:
“We are really excited to join mytaxi because this acquisition will enable us to fulfill our shared vision of the transportation market. Since 2010 Clever Taxi has been pioneering how people get around in cities across Romania. Mytaxi is the ideal partner for us because we are both committed to investing in local markets and to provide the safest, most reliable and legal form of authorised transportation and to help people move around their cities more freely through advanced mobility solutions. We look forward to working with the team to develop further innovative mobility solutions to both drivers and passengers.”