Free2move is the global mobility brand of Stellantis offering a complete and unique ecosystem for its private and professional customers around the world. Free2move offers a range of services to meet 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, seats parking spaces, and charging stations via the application. Free2move has 2 million customers, 450,000 rental vehicles, 500,000 parking spaces and 250,000 charging stations across Europe.
Free2move announces the completion of the acquisition of Share Now, market leader and pioneer in free-floating car-sharing in Europe. With this acquisition, Free2move continues its aggressive growth plan as a global mobility leader, expanding its concept of mobility hubs to 14 new cities. Share Now’s 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. Around 3.5 million customers are already using 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 city traffic. The mobility provider was founded in 2019 as a joint venture between BMW Group and Mercedes-Benz Mobility AG.
“We are very excited about the new chapter we are about to write with Share Now, the European leader in free-float car-sharing,” said Brigitte Courtehoux, CEO of Free2move. “Free2move and Share Now are very complementary and our common expertise now gives us the know-how to truly innovate in the global mobility market. I extend a very warm welcome to all Share Now colleagues joining the Free2move family.
“We are very happy to join Free2move,” said Olivier Reppert, CEO of Share Now. “We will continue to move forward together to meet our customers’ expectations for ever more sustainable, innovative and flexible mobility.
Free2move is a global player in mobility for B2B and B2C customers with a fleet of over 450,000 cars offering rental, car-sharing and subscription services, and a network of over 500,000 parking spaces. With this acquisition, Free2move now extends its reach to 32 European and American mobility hubs.
The acquisition of Share Now will allow Free2move to quickly reach Stellantis Dare Forward 2030 target of 15 million customers and 2.8 billion euros ($2.85 million) in revenue by 2030. It will also unlock new synergies and improve the profitability of both companies.