Germany’s FlixMobility has reportedly raised a $531 million venture capital round that values the company at more than $2 billion.

The company issued a press release today announcing it had raised a large funding round, though it declined to reveal the amount. However, , easily the largest for a German company this year.

The company is best known in Europe for its ubiquitous FlixBus network, whose lime-green vehicles offer low-cost travel routes that are scheduled using the company’s data-driven platform and artificial intelligence. More recently, the company has and has

FlixBus plans to use the money to expand its footprint while also introducting a carpooling service called FlixCars.

“What began in 2013 as a German startup has become a powerful mobility platform that continues

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