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Free2move Becomes a World Leader in Mobility with Acquisition of Share Now
Acceleration of Free2move’s strategic plan in Europe and in the United States
Key step for Free2move in its mission to simplify customer mobility, proposing solutions per minutes, days, months and years
With this acquisition of the European free-floating car-sharing leader, Free2move now reaches over 6 million customers worldwide, and reinforces its mobility hub offer in Europe
Major step towards the Stellantis Dare Forward 2030 goal of growing Free2move’s profitable mobility service
AMSTERDAM, July 18, 2022 – Free2move today announced the completion of the acquisition of Share Now, the market leader and pioneer of free-floating car sharing in Europe. With this acquisition, Free2move continues its aggressive growth plan as a worldwide mobility leader and expanding its mobility hubs concept to 14 new cities. Share Now’s executive management team remains in place.
“We are very enthusiastic about the new chapter we are about to write with Share Now, the European leader in free-floating car-sharing,” said Brigitte Courtehoux, Free2move CEO. “Free2move and Share Now are very complementary and our joint expertise now grants us the savoir-faire to truly innovate in the worldwide mobility market. I offer a very warm welcome to every Share Now colleague as they join the Free2move family.”
“We are very happy to join Free2move,” said Olivier Reppert, CEO Share Now. “We will keep moving forward together to meet our customers’ expectations for increasingly sustainable, innovative and flexible mobility.”
Free2move is a worldwide mobility player for B2B and B2C customers with a fleet of more than 450,000 cars offering rental, car sharing and subscription services, and a network of more than 500,000 parking places. With this acquisition, Free2move expands its reach now to 32 European and U.S. mobility hubs.
The Share Now acquisition will allow Free2move to rapidly reach Stellantis’ Dare Forward 2030 goal of 15 million customers and €2.8 billion in revenue by 2030. It will also open new synergies and enhance the profitability of the two companies.
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Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.