GreenMobility: Delivering on new strategy with an agreement with Dutch car-sharing company MyWheels

GREENMAnalyst Comment19.01.2024 klo 11.22

Today, GreenMobility announced an agreement with the Dutch car-sharing company MyWheels to transfer its customers and employees in the Netherlands. The company states that this will help reduce the costs associated with the closing of its operations in the Netherlands.

This is the first step in delivering on the new strategy announced in December 2023 which, over the coming months, should result in a significant fleet expansion in Copenhagen and the closure and/or divestment of the company’s activities in the Netherlands and Finland.

When the strategy was announced, the company stated that there was some uncertainty on the size of the extraordinary costs to the closing of operations, determined by both the timing and whether it was possible to divest the activities. This news seems to minimize the uncertainty and the size of these costs.

Link: GreenMobility signs agreement with leading Dutch car-sharing company MyWheels (globenewswire.com)

Disclaimer: HC Andersen Capital receives payment from GreenMobility for a Digital IR/Corporate Visibility agreement. HC Andersen Capital's CEO Tue Østergaard is the Chairman of GreenMobility and owns shares in the company. /Michael Friis 10:22, 19-01-2024.

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GreenMobility is a Danish company in the Mobility-as-a-Service space. GreenMobility operates a free-floating carsharing business of more than 1,000 electric vehicles across larger cities in Europe, aspiring to grow this number to around 10,000 in 2025. More than 100,000 people have signed up on the service, and users have access to the GreenMobility cars through the GreenMobility app. With thousands of daily trips, GreenMobility helps reduce congestion in cities with a climate impact. GreenMobility is listed at OMXC Small Cap in Denmark. The share was transferred to the Nasdaq Main Market in December 2020 from Nasdaq First North.