Mercedes-Benz Mobility and BMW Group plan to sell the Share Now joint venture to Stellantis. Recently, the three companies signed an agreement in this regard and agreed not to disclose the details of the transaction. It is also subject to approval by the relevant antitrust authorities.
The sale of the car-sharing subsidiary contributes to the realignment of mobility joint ventures: in the future, shareholders intend to focus on two core business areas with high growth potential: free digital mobility and digital services related to charging electric cars (Charge Now).
Free Now is a pioneer of multimodal mobility with its digital platform Mobility-as-a-Service, the company provides access to nearly 180,000 cars in over 150 cities in the Free Now application through its network of partners.
With a single click, users can access Europe’s largest selection of vehicles, from electric scooters to electric bicycles, electric mopeds and car sharing to taxis and chauffeured cars.
In 2021, Free Now saw strong growth in the multimodal sector – namely electric scooters, electric bicycles, electric mopeds and car-sharing – and managed to nearly triple the number of transactions compared to the previous year, despite the pandemic.
This year, Free Now is further expanding its multi-mobility offering – and in the field of car-sharing: SIXT share, Miles and Share Now cars can be booked through the app. A total of 10 new mobility partners will be integrated into the platform in 2022, creating new mobility options for current users (56.8 million).
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In the first quarter of 2022, Free Now transactions increased by a total of 31.4% compared to the same quarter of the previous year, showing a strong growth trend.
Digital Charging Solutions GmbH (DCS), behind the Charge Now brand, brings together electric car drivers and charging station operators from 31 European countries.
The market leader offers digital services as white label solutions (products or services that have been designed and approved by a company so that they can be sold to a concern), from wide access to the charging infrastructure of over 300,000 charging points in Europe until full billing. DCS currently covers more than 85% of charging services in Europe – more than any other provider.
DCS also offers state-of-the-art software for managing fleet of electric vehicles through Charge Now for Business. The company is benefiting from the growing demand for electric mobility. The entry of bp as the third largest shareholder in 2021 strengthens DCS to fully realize the potential for further growth. The cooperation agreement with HERE, the location-based data and technology platform based in the first quarter of 2022, and the partnership with smart and ABB-E-Mobility ahead of the premiere of smart # 1 electric underline DCS’s strong momentum.
In the first three months of the year, mobility joint ventures constantly developed their products and involved other partners. At 42.3 million, transactions were almost 30% higher than in the previous quarter (32.6 million).
Share Now expansion into Europe’s leading car-sharing provider
Share Now was founded in 2019 by the pioneers of free-floating car-sharing services and combines the DNA of car2go, which was developed by the former Daimler AG, and DriveNow, the BMW Group offering. Together, both shareholders have made Share Now a market leader in Europe and are constantly developing it, including new offers such as long-term car-sharing.
With the acquisition of Share Now, Stellantis’ mobility subsidiary Free2move would have the opportunity to further expand its car-sharing offering in Europe and thus meet the diverse mobility needs of its customers.
Source: Promotor by www.promotor.ro.
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