Flix Secures Major Investment to Drive Growth in the Global Mobility Market

Flix, a Munich-based long-distance bus company, has received a significant investment from logistics billionaire Klaus-Michael Kühne and financial investor EQT. The 35% stake in the company will help Flix achieve its growth plans and strengthen its balance sheet.

Kühne Holding, representing the business interests of German billionaire Klaus-Michael Kühne, and EQT invested in Flix through their sustainability-focused fund, EQT Future. The investment marks the beginning of a long-term strategic partnership between the three entities.

Flix is known for its asset-light business model of working with external partner companies for its services. Since its founding in 2013, it has seen rapid growth, transporting 81 million passengers in 2023 and recording sales of 2 billion euros with an adjusted EBITDA of 104 million.

The new investment will allow Flix to further strengthen its balance sheet and support growth initiatives. Flix’s commitment to sustainability aligns well with the investment strategy of Kühne Holding and EQT who are expected to provide valuable capital and expertise to drive further expansion.

Kühne Holding sees synergies between Flix’s business model and its existing portfolio in sectors such as logistics, shipping, and aviation. The investment is seen as a strategic move to support Flix’s growth plans and complement Kuhne Holding’s existing activities in the transport sector. The three founders of Flix will continue to be involved in its operation and expansion plans going forward.

With the backing of new investors and a successful track record of growth, Flix is poised for further expansion in the global mobility market. Its innovative business model and commitment to sustainability have positioned it as a key player in the long-distance bus and train services sector, with plans for continued growth and expansion on the horizon.