Ride-sharing app Beat is pulling out of Latin America and will focus on its European business. The company announced it in a LinkedIn statement on Tuesday, November 8.
The startup, launched in Greece in 2011 and whose owners include car manufacturers BMW and Mercedes Benz, began operating in Latin America in 2019.
"Due to a clear strategic decision by shareholders to focus on core European markets, our shareholders have decided to no longer invest in the Latin American region where Subscribe to our Premium Membership Plan. Already Subscribed? Login Here