Transportation Group Purchases Stake in Communauto Carsharing

The RATP group is investing in the Paris subsidiary of Communauto, a carsharing service, through its new subsidiary, RATP Capital Innovation, dedicated to investing in start-ups.

RATP group, an urban transport operator in the Paris region, consists of metro lines, bus lines and shuttle services to the airports. Based in Canada, Communauto’s carsharing service also operates in the Paris region.

The Ile-de-France region, the historic territory of the RATP group, is particularly conducive to the development of station-based carsharing, according to the company.

"This stake allows us to add carsharing, a mobility option with a bright future, to our range of services,” said Elisabeth Borne, president and CEO of the RATP group. “Since 2012, Communauto has allowed Parisians to discover the virtues of station-based carsharing and now wishes to extend its services on a regional scale. The RATP Group is proud to accompany Communauto in this new phase of its development."

"This association represents an important milestone,” said Benoît Robert, CEO of Communauto. “In all markets where we operate, we have always wanted to integrate our offer with public transport in order to create synergies between the two services. This underlines a paradigm shift. Our common objective is to replace as many personal cars as possible with quality mobility services."

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