Osborne Clarke advised the Berlin mobility broker RYDES on the spin-off from the Lufthansa Innovation Hub, the central digitization unit of the Lufthansa Group. Forward31, the Company Builder of Porsche Digital, will hold a stake in RYDES GmbH. Following the spin-off, Lufthansa is involved in the start-up as a strategic minority shareholder; also the founding team continues to hold shares.
The Osborne Clarke team led by Robin Eyben (Corporate / VC) consisted of Dana Alpar, Margaux Ribbe (both Corporate / VC), Dr. Hans-Christian Woger (IT law), Dr. Jens Wrede (Tax) and Robert Rentsch (Employment).
The aim of RYDES is to redefine and simplify access to modern mobility. To do this, the start-up bundles existing mobility offers in an app and makes them accessible via the ‘Mobility Budget’.
With the new product, companies can provide their employees with a monthly amount that they can use for various mobility services. These include car and bike sharing offers, e-scooters as well as shared taxis and public transport offers. The different mobility providers are integrated into the RYDES app and users can book their trips via the app and manage their budget. All trips that are booked via RYDES are compensated via the compensation platform ‘Compensaid’ and are therefore CO2 neutral.