aA
CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an international tender to purchase over 5 000 new cars. That’s five times more than the company currently has. The acquisition will make CityBee one of the biggest car-sharing companies in Europe, a press release from CityBee states.
CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade
© CityBee

The investment in expansion of approximately 110 million euros is being financed by Modus Group, CityBee's owner.

The tender supports the company's plans to enter the Latvian and Estonian markets and to actively expand its services in Poland, where CityBee vehicles for transporting things are currently available, according to Aurimas Čiagus, the CEO of CityBee Solutions. It will also allow CityBee to renew and enlarge its existing fleet in Lithuania.

"We intend to select the best tender offers and sign agreements with the winners in February and plan to acquire all 5 360 vehicles during 2019. They'll expand CityBee's portfolio of services, adding cars that are better for longer trips, electric cars, which are popular in cities, and vans and commercial vehicles. The automobiles that are being purchased run from class A to class M," the company's CEO said.

Last year CityBee also held a tender to purchase vehicles and bought 1 000 cars from the winner. But, according to Mr. Čiagus, because results for the CityBee service have exceeded expectations and conditions for expansion are favourable, the company decided to plan more ambitious growth and announce another tender.

This CityBee tender is significant not only for its scale but also for its impact on the profile of the market. When the Lithuanian company acquires all the vehicles planned, it

will become one of the largest providers of car-sharing services in all of Europe, standing alongside giants like DriveNow which is owned by BMW and has 6 000 cars.

Mr. Čiagus sees a great outlook for the growth of the Lithuanian car sharing company and the popularity of its services. That is due to the desire and ability of people in the Baltic countries and the region of Eastern Europe to quickly adopt innovative urban mobility solutions, he said.

Analysts calculate that Lithuania is the European leader for car sharing vehicles per capita in its capital, he noted. The intensity with which Lithuanians use car-sharing services is also impressive. In 2018 alone, CityBee's customers made more than 1.2 million trips.

The fact that the car-sharing market is growing fast is also shown by the results of research by Berg Insight. According to its analysts, in 2022 nearly 61 million people around the world will be using car sharing services.

About CityBee

CityBee is a car-sharing company headquartered in Lithuania. It became operational in 2012 and demonstrated an impressive growth year by year. It nearly doubled user base in 2018 alone. Currently, in Lithuania CityBee is available in 6 and in Poland in 10 cities.

|Populiariausi straipsniai ir video

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

Lithuanian company offers solution for international control of coronavirus test and vaccine

After the global coronavirus pandemic began in Wuhan it has affected people all over the world....

Avia Solutions Group to sel Baltic Ground Services Poland

Avia Solutions Group , the largest aerospace business group from Central & Eastern Europe, has...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

Palanga airport set to reopen with 1st flight since lockdown

Hungary's Wizz Air is on Tuesday relaunching its regular service between Palanga and Dortmund,...

Top news

Remains of political prisoners in Kazakhstan to be reburied

Lithuania plans to rebury the remains of political prisoners buried at the Rudnyk Cemetery in...

Military training restrictions eased as COVID-19 situation improves

Lithuania is easing military training restrictions as the coronavirus situation in the country is...

11 new coronavirus cases in Lithuania

On Friday, 11 new COVID-19 cases were recorded in Lithuania. Overall, there have been 1704 cases...

Group of MPs propose granting asylum to Hong Kong people

A group of Lithuanian lawmakers representing different political groups in the country's parliament is...

Pakrante entertainment area opens besides Zalgirio Arena

Nemunas island will be buzzing this summer, as a new entertainment area called Pakrante opened...

|Maža didelių žinių kaina