Stellantis’ Free2move buys car-sharing service from BMW, Mercedes-Benz


The motor vehicle-sharing mobility startup in just the maker of Jeep will a lot more than double in sizing, introducing 14 European cities largely in Germany to its support territory with the acquisition of ShareNow from the BMW and Mercedes-Benz teams, the organization announced Tuesday.

Information of the deal, which is subject to antitrust reviews, were not disclosed. The acquisition by Stellantis NV’s Absolutely free2move of the free of charge-floating car-sharing support, which is expected to shut in September, marks the brand’s largest move to growing its functions since its inception in 2016.

It will aid to accelerate the growth of Free2move providers presenting motor vehicle rentals by the moment, working day or thirty day period, together with in the United States, said Brigitte Courtehoux, the startup’s CEO.

Stellantis NV's car-sharing service, Free2move, is acquiring ShareNow, a similar service from the BMW and Mercedes-Benz groups.

“What we are performing with ShareNow, when the closing will be finished, listed here it enforces our management all over the world,” she explained. “In the U.S., we are rolling, and it will proceed to mature in an natural and organic way.”

The sale of ShareNow, the 2019 creation of the joint undertaking between Daimler AG’s car2go and BMW’s DriveNow that left the North American sector in early 2020, marks another exit by automakers in the car or truck-sharing place. BMW and Mercedes-Benz as a substitute say they will concentration on digital multi-mobility and digital providers linked to the charging of electric autos.

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