In another step towards the completion of their Joint Venture announced in January, 2021, Stellantis and Engie EPS today said the name of the new entity is Free2Move eSolutions. The board of directors was also appointed. Now with all antitrust clearances attained, completion of the JV is expected to occur in the second quarter of 2021. (Stellantis Reports Legacy FCA, PSA 2020 Financial Results, Stellantis – a Mega Merger of Auto Companies Names Execs, Bye Bye FCA and PSA. Hello Stellantis)
Free2Move eSolutions has the lofty ambition to support and ease the transition to electric mobility by offering “innovative and tailor-made electric solutions” for both private and business participants of the so-called – wince – value chain. Free2Move eSolutions activities will range from charging infrastructures (installation, servicing and operations), public and home charging subscriptions with monthly fee, to battery lifecycle management and advanced energy services such as Vehicle-to-Grid (V2G) integration and energy management solutions to reduce the total cost of vehicle ownership.
“The joint venture between Stellantis and Engie EPS will simplify the access to e-mobility and will complement Free2Move current portfolio, with a new set of offers 100% dedicated to electric mobility,” Stellantis said.
Board of Directors of Free2Move eSolutions
The Board of Directors of Free2Move eSolutions will be comprised of six members, subject to closing of the transaction. Roberto Di Stefano, representing Stellantis, will be the CEO, and Carlalberto Guglielminotti, hailing from Engie EPS and Young Global Leader 2020 of the World Economic Forum, will be the Chairman. The other members of the Board of Directors will be Brigitte Courtehoux (CEO of Free2Move Brand and member of Stellantis’ Global Executive Committee) and Davide Mele (Deputy Chief Operating Officer Enlarged Europe) from Stellantis, with Luigi Michi (formerly Head of Strategy and System Operation in Terna and Executive Vice President in Enel) and Giovanni Ravina (Chief Innovation Officer) representing Engie EPS.
About Engie EPS
Engie EPS is the technology and industrial player within the ENGIE group, developing technologies to change the paradigm in the global energy system towards renewable energy sources and electric mobility. Listed on Euronext Paris regulated market (EPS.PA), Engie EPS forms part of the CAC® Mid & Small and CAC® All-Tradable financial indices. Its registered office is in Paris, with research, development and production located in Italy.
Since September 2016, Free2Move, a Stellantis brand, has been bringing together a range of new mobility services for the different mobility needs of its private and business customers – whether for 1 hour, 1 day, 1 month or more. Users have access on a single platform to a car-sharing service, short and medium or long-term rental, as well as solutions to support the energy transition and fleet management for professionals. They can also access charging stations, VTC drivers and book parking spaces. Today, Free2Move is present in 170 countries and has 1.2 million active customers. All Free2Move mobility services are accessible on the application and the official website Free2Move.com