Europcar have announced the acquisition of a majority stake in the electric car pay-per-use hire company, E-Car Club.
E-Car Club is a start-up electric car sharing business headquartered in London. The electic car hire club currently operates across a number of UK sites including London, Hertfordshire, Northamptonshire, Oxfordshire, Buckinghamshire, Warwickshire and Fife.
The business will be led by its founders, Chris Morris and Andrew Wordsworth within Europcar. With plans to expand further, the involvement of Europcar in E-Car Club will provide important support, said Europcar.
Fabrizio Ruggiero, member of the Europcar group management board, and head of mobility said: "This is an exciting step in the mobility journey we are providing our customers with. Entrepreneurship and innovation are strong values we share with E-Car Club and that we want to preserve and enhance.
He added: "We look forward to accelerating the development of E-Car Club’s electric vehicle car sharing solutions, based on Europcar’s extensive experience and client base in the UK marketplace. This investment, once again, demonstrates Europcar's ability to identify specific strategic opportunities to enrich the mobility offers to its customers."
Chris Morris, managing director, E-Car Club said: "We are absolutely delighted to welcome Europcar as our new majority shareholder and strategic partner.
"Since discussions began we’ve been incredibly impressed by their approach to innovation and commitment to alternative mobility solutions. This is an incredibly fast moving sector and working with an organisation of Europcar’s calibre will enable E-Car Club to continue on its path to further growth.
He continued: "We look forward to having an even more meaningful impact on the way government, private businesses and members of the public approach their daily travel needs across the UK."
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