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International Internet Magazine. Baltic States news & analytics Wednesday, 21.02.2024, 13:51

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

BC, Vilnius, 14.12.2018.Print version
– CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an international tender to purchase over 5 000 new cars. That’s five times more than the company currently has. The acquisition will make CityBee one of the biggest car-sharing companies in Europe.

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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