Company Announcement no. 104 – 2021
Copenhagen, November 25th, 2021
InexperiencedMobility signs term sheet to acquire Fetch Carsharing in the Netherlands and enter Amsterdam
InexperiencedMobility has signed a term sheet to acquire Fetch Carsharing and thereby enter the Netherlands as the 6th nation of operation for InexperiencedMobility and with Amsterdam as the 11th operational metropolis. The remaining settlement is anticipated to be accomplished earlier than finish of the yr.
Fetch Carsharing has been in operation in Amsterdam since 2019, and operates on common 100 shared electrical vehicles. Fetch has a powerful efficiency, deal with price, sturdy utilization and excessive buyer satisfaction. And with a fleet based mostly on the Renault Zoe as InexperiencedMobility, many operational synergies to assist a powerful transistion and continued development in the Dutch market. Fetch Carsharing was based by and is owned by European Lease Company, a profitable Dutch firm in the automotive trade since 1988.
InexperiencedMobility will take over the firm, together with the present fleet of electrical vehicles and an skilled native group. For now, Fetch will proceed to function as common and all clients of Fetch Carsharing can proceed to use the service as they do at this time. Over the coming months, InexperiencedMobility will plan a migration into it’s platform bringing further advantages to the present Fetch clients in addition to InexperiencedMobility’s current clients, who will then have the option to use the service when in Amsterdam.
Once migrated into its model and platform, InexperiencedMobility expects to enhance the fleet to 150 vehicles and that the Dutch enterprise will contribute DKK 10 million in income for 2022.
The acquisition of Fetch Carsharing will mark InexperiencedMobility’s second acquisition, the place InexperiencedMobility based mostly on an current monitor report can proceed the development, and thereby scale back the preliminary launch danger of coming into a brand new market. Simultaniously, this helps InexperiencedMobility’s deal with return on capital by coming into a metropolis with a enterprise nearer to profitability.
“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” says Thomas Heltborg Juul, CEO of InexperiencedMobility A/S.
Once efficiently migrated, InexperiencedMobility will proceed to develop the enterprise in the Netherlands, together with a rise of the present fleet and bringing the scale advantages from it’s platform, operation and expertise. Over time, InexperiencedMobility sees further growth prospects in the Netherlands with an apparent cluster operation with cities like Rotterdam and the Haag shut to Amsterdam. The acquisition of Fetch Carsharing is in line with InexperiencedMobility’s steering for 2021 and it’s aspirations for 2025 of being in 35 cities with 10,000 electrical autos.
Amsterdam – and the Netherlands – has been a frontrunner in electrical and shared mobility. Today, the metropolis has the most intensive charging community in Europe, which is repeatedly being expanded and energetic constructing plans for all new housing, the place non-public vehicles will not have parking prospects. Thereby, motivating a powerful transistion into shared electrical mobility.
Contact and additional info
Anders Wall, COO & Deputy CEO, Head of IR, +45 25 40 30 20, e-mail: aw@greenmobility.com
About InexperiencedMobility
InexperiencedMobility presents fashionable urbanites straightforward, versatile, and sustainable transport in the type of electrical shared metropolis vehicles. Users have entry to these vehicles by way of the InexperiencedMobility app. Trips are paid per minute, via minute packages, each day or via a subscription. Today, InexperiencedMobility operates a complete of 985 EVs in Copenhagen, Aarhus, Malmö, Gothenburg, Antwerp, Gent, Brussels and Helsinki. More than 145,000 individuals are registered as clients at InexperiencedMobility.
Driven by world megatrends, InexperiencedMobility sees a quickly rising marketplace for carsharing in giant cities that demand inexperienced transport for his or her residents and intention to scale back the variety of non-public vehicles. InexperiencedMobility’s ambition is to be amongst the main world operators of inexperienced shared mobility options. InexperiencedMobility is publicly listed for buying and selling on the Nasdaq Main Market Copenhagen in Denmark.
About European Lease Company (ELC)
European Lease Company (est. 2006) is a number one unbiased B2B specialist in the area of fleet, rental and lease options for B2B purchasers in the Netherlands and Europe. As a part of the Viscaal Group, ELC carries greater than 30 years of expertise in the worldwide automotive sector.
Especially by growing volumes, European Lease Company is aware of how to create the greatest circumstances for the clients. A pointy deal with service and high quality ensures a dependable, versatile and skilled fleet for the purchasers of ELC. The Viscaal Group and ELC embrace revolutionary automotive ideas, equivalent to Fetch Car Sharing and a variety of Mobility as a Service (MaaS) options.
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