FreeNow is pursuing a collaborative approach with regulators so it can avoid the legal battles that have ensnared Uber in London, its biggest European market. — FreeNow/Instagram
FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc in Europe and Latin America.
FreeNow’s so-called gross merchandise volume, which mirrors revenue, is forecast to reach about €2.4bil (RM11.06bil) in 2019, chief executive officer Marc Berg said in an interview in a shared, glass-walled office space overlooking Hamburg’s Elbe Philharmonic Hall in Germany.
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