Today, Daimler and BMW, the parent companies of Car2Go and DriveNow, signed an agreement to form a joint venture merging both companies’ carsharing services. According to Car2Go, the proposed joint venture will require regulatory approval, and only after regulatory agencies have approved the joint venture, the companies can begin to move forward to create a new, combined service.
For now, the clients and membership conditions are not affected. Car2Go says the companies believe that by joining forces, companies “can deliver a free-float carshare service that is even bigger and better than it is today, with a greater variety of vehicles to choose from.”
Car2Go is now present in Germany, Italy, Netherlands, Spain, Austria, Canada and China, while DriveNow has cars in Germany, Austria, United Kingdom, Denmark, Sweden, Belgium, Italy, Finland, and Portugal. Both companies are headquartered in Germany.