Free2move is Stellantis’ global mobility brand offering a complete and unique ecosystem for its private and professional customers around the world. Free2move offers a range of services to satisfy the multiple travel needs of its customers from one minute to several days or months with car-sharing service, short, medium or long-term rental as well as the reservation of VTC drivers, parking spaces, and charging stations via the app. Free2move has 2 million customers, 450,000 rental vehicles, 500,000 parking spaces, and 250,000 charging points across Europe.
Free2move has 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, expanding its mobility hubs concept to 14 new cities. Share Now’s executive management team remains in place.
Share Now is represented in 16 major European cities with around 10,000 vehicles, including around 3,000 electric vehicles. About 3.5 million customers already use the service. Share Now offers a sustainable solution for urban mobility and, as part of the mobility offer, contributes significantly to relieving traffic congestion in cities. Each car-sharing car replaces up to 20 private vehicles in urban traffic. The mobility provider was founded in 2019 as a joint venture between BMW Group and Mercedes-Benz Mobility AG.
“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, Share Now CEO. “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 ($2.85 million) in revenue by 2030. It will also open new synergies and enhance the profitability of the two companies.