Kirkland & Ellis advised TASARU Mobility Investments, a company owned by Saudi Arabia’s Public Investment Fund (PIF), on its investment in Blacklane, a premium chauffeur services provider.
The investment aims to support Blacklane’s expansion into the Saudi market, marking a step forward in the Kingdom’s sustainable mobility sector.
It was announced at the eighth edition of the Future Investment Initiative (FII8), currently underway in Riyadh.
Blacklane aims to advance sustainable mobility, using electric vehicles and creating local job opportunities. It will also establish a chauffeur training academy in Saudi Arabia.
The launch will start in Riyadh, followed by Jeddah, with plans for further expansion across the Kingdom.
The Kirkland team consisted of corporate partners Kamran Bajwa and Noor Al-Fawzan in Riyadh, alongside Ben Leyendecker and Sebastian Häfele in Munich. London partners Emma Flett and Ben Zeris provided advice on technology and intellectual property matters.
Germany-based Blacklane connects travellers with a global network of professional chauffeurs. It has a team of over 300 employees across 50 countries, with operational hubs in Germany, Singapore, Spain, the UAE, the UK, and the US.
