Not long after it was announced that EQT and Kühne Holding had invested in Flixbus parent company Flix, Porsche Automobil Holding has revealed that it has also chosen to invest what it calls ‘a low double-digit million amount’ in Flix as part of a co-investment with EQT’s impact fund EQT Future. EQT, together with Porsche SE, Kühne Holding and other co-investors, have jointly acquired a stake of around 35% in Flix to help support the company on its further growth path.
“Flix is an impressive success story. We see great growth potential for sustainable and affordable mobility services in the future and are looking forward to supporting Flix as it continues to expand its platform globally. The joint investment with EQT exemplifies our approach to work with globally leading investors to implement our investment strategy,” said Lutz Meschke, member of the board of management responsible for investment management at Porsche SE.
Andreas Aschenbrenner, Founding Partner and Deputy Head of EQT Future, added: “Porsche SE is a global leader in mobility investments rooted in a DNA of innovation and high-performance, long-term ownership and deep industrial expertise – a philosophy that is very aligned with our active ownership mindset at EQT Future. We are delighted to partner with Porsche SE to support Flix SE as our first joint investment on an exciting global growth agenda.”
Munich-based Flix currently serves 5,600 destinations in over 40 countries worldwide, across Europe, Latin and North America, and Türkiye, and has been pursuing aggressive growth plans. In the 2023 financial year, Flix transported a total of 81 million passengers and increased revenue by 30% to €2 billion.
