Free2Move

Last updated
Free2Move
PredecessorTravelCar
Share Now
DriveNow
Founded12 December 2012  OOjs UI icon edit-ltr-progressive.svg
Headquarters,
France
Number of locations
16 cities, 170 countries
Area served
Worldwide
Key people
Carlos Tavares
ProductsCarsharing service
Owner Stellantis (2021-present)
PSA Group (2016-2021)
Number of employees
150
Parent Stellantis
Subsidiaries Share Now
DriveNow
Website www.free2move.com/en-US/

Free2Move is a French company based in Paris, subsidiary of Stellantis, founded in 2016, offering a car-sharing service in 16 cities around the world, including Washington D.C., Paris and Berlin. [1]

Contents

Free2Move Carsharing Solutions Inc, formerly PSA North America Carsharing Solutions Inc, is Free2Move's U.S. subsidiary, initially located in Atlanta, Georgia, before being relocated into the Stellantis North America headquarters in Detroit, Michigan.

History

2016: Creation by PSA Group

On 28 September 2016, Carlos Tavares, CEO of the PSA Peugeot-Citroën Group, announced the launch of Free2Move. This new brand federates, through a platform, all new mobility services to satisfy the different travel needs of its 15 million customers. [2]

2017: Acquisition of TravelCar and expansion into the US

In 2017, the French group PSA Peugeot-Citroën acquired 22% of the French start-up TravelCar, founded by Ahmed Mhiri, before increasing its stake to 99% in 2019, integrating it into Free2Move in 2020. [3] [4] In the same year, PSA took over GHM Mobile Development's entire stake in the German start-up CarJump, which develops a car-sharing solutions application. Its director, Michel Stumpe, will continue to manage the application, which will be integrated into Free2Move. [5]

On 25 October 2018, PSA Group (Peugeot-Citroën) made its return to the US official with the launch of Free2Move in Washington with its subsidiary PSA North America Carsharing Solutions, Inc. Until the group's vehicles are approved, the service will offer cars from Chevrolet. [6] Germany's Michel Stumpe appointed head of PSA North America's Carsharing Solutions division. [7]

2022: acquisition of Share Now

In 2020, Free2Move had almost 1.2 million customers worldwide and is present in 170 countries. [8] In 2022, Stellantis (formerly PSA and Fiat-Chrysler) acquired the German carsharing company Share Now (formerly Car2go and DriveNow), the European leader in the sector formed by BMW and Mercedes-Benz, which was making heavy losses. The company is gradually integrated into Free2Move. [9] [10]

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References

  1. "Pour son 5ème anniversaire Free2Move s'impose comme une nouvelle " marketplace " et confirme son modèle de croissance !". www.free2move.com (in French). Retrieved 2024-12-27.
  2. Verdevoye, Alain-Gabriel (28 September 2016). "Carlos Tavares, constructeur automobile ou fournisseur de mobilité?". Challenges.
  3. "PSA acquiert la start-up TravelCar". FIGARO. 2019-02-07. Retrieved 2019-02-07.
  4. "Services de mobilité: Free2Move, la marque de PSA, devient une société à part entière". Le Figaro (in French). 2020-07-29. Retrieved 2024-12-27.
  5. "Carjump Becomes Free2Move". www.free2move.com. Retrieved 2024-12-27.
  6. "PSA revient aux États-Unis en déployant une flotte de voitures partagées à Washington". Le Monde.fr (in French). 25 October 2018. Retrieved 28 October 2018.
  7. "PSA à la conquête de Washington avec son service d'autopartage". Les Echos (in French). 2018-10-26. Retrieved 2024-12-27.
  8. "Services de mobilité: Free2Move, la marque de PSA, devient une société à part entière". Le Figaro (in French). 2020-07-29. Retrieved 2024-12-27.
  9. "Stellantis will buy car-sharing business from BMW, Mercedes". Automotive News Europe. 2022-05-03. Retrieved 2022-05-03.
  10. "Stellantis faces tough task to be 'Amazon of mobility'". Automotive News Europe. 2022-05-03. Retrieved 2022-05-03.

See also