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Free2move Acquires Car Sharing Firm Share Now.

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Vincent

MANews-(C)2009-2022

Netherlands-based automaker Stellantis N.V.'s (NYSE: STLA) Free2move car sharing brand has signed an agreement to acquire car sharing company Share Now, a joint venture formed by German automakers Mercedes-Benz Mobility Group and BMW Group in 2019, the company said.

This proposed agreement further positions Free2move as a global mobility player, adding 14 major European cities and 10,000 vehicles to Free2move's existing car sharing fleet of 2,500 vehicles.

In the demanding world of mobility, where users seek to optimize every minute, time is precious. Moving a customer is a great responsibility.

Free2move has designed a mobility service model that adapts to its customers.

This solution, already operational in the United States and Europe, allows a customer to take a car for a few minutes or a few hours.

If a customer would like the vehicle longer, they are able to keep the same car without changing the contract â' Free2move pricing adjusts automatically.

Leveraging Free2moves' financial discipline and ability to manage a profitable business, this acquisition will further enhance its economies of scale and synergies, contributing to its Dare Forward 2030 ambition of growing the profitable mobility service to net revenues...

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