Share Now expands its free floating car sharing to Budapest

Share Now, one of the market leader in free floating car sharing, announced its entry into the Hungarian market by offering its service in Budapest. Starting on April, 29, 240 BMW and Mini models can be rented flexibly and spontaneously in the capital city. In cooperation with the Hungarian investment group Wallis Asset Management Zrt, the car sharing service will be operated for the fourth time in franchise model.

“Just two months after merging the two leading car sharing services car2go and DriveNow to Share Now, we are glad to expand our service already into a new city” said Share Now CEO Olivier Reppert. “Budapest is our first city in the exciting CEE region. As a modern andfast growing city, Budapest has a high demand and potential for sustainable and flexible mobility. We are convinced that our car sharing offer is the perfect supplement to the urban mobility mix in the Hungarian capital city.”

Share Now will start in Budapest as co-branded DriveNow service. The fleet will consist of eight different BMW and Mini models including electric BMW i3, covering different use cases and providing customers a highly flexible mobility option when needing a car. In combination with public transport and other modes of transport, free floating car sharing supports cities significantly to ease mobility problems such as emissions, congestion and parking pressure.

Several studies show that one car sharing vehicle replaces up to 8 private cars on the streets. In addition, electric cars foster the sustainability effects of car sharing. In Budapest, there will be 40 BMW i3 models, offering customers a fully electric alternative right from the start.

The car sharing offer in Budapest will be operated by Wallis Asset Management Zrt, a member of the Wallis Group. After Copenhagen, Helsinki and Lisbon, where DriveNow has been operating in franchise model, Budapest will be the fourth franchise location.

CEO Olivier Reppert added: “The Hungarian Investment Group Wallis has strong expertise in the mobility market. Collaborating with franchise partners enables us to step into new markets even fasterand having local experts alongside from the beginning.”

With starting in Budapest, Share Now is further extending its market leadership in free floating car sharing. Customers in Budapest will join a worldwide community of over 4 million members in now 14 countries.