Renault subsidiary Mobilize acquires stake in Free To X
Details of the transaction were not disclosed. The announcement merely states that Mobilize would acquire a “significant stake” in Free To X. However, the finalisation of the investment is subject to regulatory approval.
To date, Free To X operates a fast-charging network with 110 locations, which are mainly located on Italy’s motorways. The Renault subsidiary’s investment in the charging infrastructure company will now focus primarily on setting up fast-charging stations outside the motorway network. More information is not yet available.
“Entering into a partnership with Autostrade per l’Italia is a significant step in our mission to lead the transition towards sustainable mobility. By collaborating with Free To X, we are not only enhancing Italy’s charging infrastructure but also aligning with our strategic ambitions to establish a robust fast-charging network across Europe, making electric mobility easier for all,” said Gianluca De Ficchy, CEO of Mobilize.
“We are proud to join forces with Mobilize to provide fast and Hyperfast charging solutions for travelers boosting the growth outside the motorway network,” says Giorgio Moroni, CEO of Free To X. He adds: “The transaction confirms the relevance of the Company in the sector as a Key enabler of low-emission mobility in the transition path towards more sustainable mobility.”
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