- Business
- Sixt SE is a Germany-based international mobility service provider offering a comprehensive range of vehicle rental, car sharing, ride-hailing, and subscription services across more than 100 countries. Its core products include vehicle rental under the SIXT rent brand; car sharing services through SIXT share; ride-hailing and chauffeur services via SIXT ride; and vehicle subscription offerings. The company operates premium and economy vehicle fleets comprising traditional combustion engines, plug-in hybrids, and electric vehicles for consumer and corporate customers. Headquartered in Pullach, Germany, Sixt SE was founded in 1912 and maintains a strong global presence with about 2,000 locations including major airports and urban centers.
Recent strategic developments include a significant expansion across Latin America and the Caribbean, launching operations in five new countries—Mexico, Chile, the Cayman Islands, El Salvador, and Nicaragua—broadening its market reach and enhancing digital and premium vehicle offerings in these regions. Sixt SE announced a major fleet modernization initiative by securing an agreement to purchase up to 250,000 vehicles from Stellantis NV by 2026, encompassing a diverse range of combustion, hybrid, and electric vehicles aimed at accelerating its decarbonization strategy and fleet electrification, primarily in Europe and North America. The company phased out Tesla vehicles from its fleet due to residual value challenges. Additionally, Sixt SE sold its entire stake in the DriveNow joint venture to BMW Group to streamline operations.
Sixt SE also advances partnerships to strengthen service offerings and market position, including a renewed strategic partnership with Siemens AG to enhance rental car services and travel solutions, and a recent collaboration with Lufthansa to provide premium First Class limousine services in Frankfurt and Munich. Financially, the company expanded its syndicated loan facility to EUR 1.55 billion with maturity extended to 2030, signaling confidence in its growth trajectory amid a challenging macroeconomic environment. Sixt SE's operational focus remains on delivering superior, convenient, and sustainable mobility experiences globally by leveraging its broad product portfolio, strategic alliances, and extensive geographic footprint in Europe, the Americas, and beyond.