Thursday, January 20, 2022

Denmark’s GreenMobility expands in the Netherlands

Danish electric car-sharing provider GreenMobility is planning its market entry in the Netherlands. To do that the Company is acquiring Fetch Car Sharing, which operates around 100 electric cars in Amsterdam. The transaction is expected to close before the end of this year.

GreenMobility wants to take over Fetch Carsharing including its current electric car fleet and add 50 electric cars to it after the migration to its platform.

For the Danish Mobility Company, it is the second acquisition to expand their business. In June this Year, GreenMobility already announced the acquisition of EnBW start-up Twist Mobility.

The company will retain the Fetch Car Sharing team in addition to the electric vehicles. For the time being, operations will continue as usual, and Fetch Car sharing customers can continue to use the service as before, GreenMobility says. In the coming months, the migration to the GreenMobility platform will take place. In the course of this, the e-fleet in Amsterdam is to grow to 150 vehicles.

“I am excited about not only the acquisition, but also for GreenMobility to enter the Netherlands which in our view is a strong carsharing market. We are impressed with the accomplishments of European Lease Company and the Fetch team, for the great job they have done with Fetch Carsharing and paving the way for more electric carsharing in the Netherlands. We are confident that we are taking over a strong business with additional growth opportunities,” expresses Thomas Heltborg Juul, CEO of GreenMobility.

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Hi I'm Leanne. I'm a big fan of electric cars (drive a Model 3 myself) and support the movement to go electric! I hope you enjoy my Articles here on the website.
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