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Friday, 26.04.2024, 03:32
CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade
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The investment in expansion of approximately 110 mln
euros is being financed by Modus Group, CityBee’s owner.
The tender supports the company’s plans to enter the Latvian
and Estonian markets and to actively expand its services in Poland, where
CityBee vehicles for transporting things are currently available, according to
Aurimas Čiagus, the CEO of CityBee Solutions. It will also allow CityBee to
renew and enlarge its existing fleet in Lithuania.
“We intend to select the best tender offers and sign
agreements with the winners in February and plan to acquire all 5 360 vehicles
during 2019. They’ll expand CityBee’s portfolio of services, adding cars that
are better for longer trips, electric cars, which are popular in cities, and
vans and commercial vehicles. The automobiles that are being purchased run from
class A to class M,” the company’s CEO said.
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