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With US$650 million available, German FlixBus will begin operations in Brazil in 2021

RIO DE JANEIRO, BRAZIL - German startup FlixMobility, owner of FlixBus and FlixTrain brands, plans to land in Brazil still this year. Sources close to the company said that, valued at US$3 billion, it is determined to invest an important part of its latest US$650 million round, announced on Wednesday, June 2, to start its bus operations in Brazil in 2021.

Founded in 2013 by former BCG consultants André Schwämmlein and Jochen Engert and former Microsoft employee Daniel Krauss, FlixBus was created to leverage the openness of Germany's transportation sector. With a model similar to Uber's . . .

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