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Stellantis, Engie EPS unveil new entity, Free2Move eSolutions

KUALA LUMPUR, March 31 -- Stellantis and Engie EPS have announced the composition of the Board of Directors and corporate name of the new entity, Free2Move eSolutions.

According to a statement, this is a major step as they move towards the completion of their Joint Venture as announced on Jan 26.

Free2Move eSolutions will support and ease the transition to electric mobility by offering innovative and tailor-made electric solutions for both private and business actors of the value chain.

The scope of Free2Move eSolutions activities will range from charging infrastructures (installation, servicing and operations), public and home charging subscriptions with monthly fee, to battery lifecycle management and advanced energy services.

The joint venture between Stellantis and Engie EPS will simplify the access to e-mobility and will complement Free2Move current portfolio, with a new set of offers 100 per cent dedicated to electric mobility.

The new company is founded at global level and supported by a team with great skills and specific knowledge, to design, develop, produce, distribute and sell simple, innovative electric mobility solutions across Europe, with potential and a plan for future international extension.

Free2Move eSolutions Board of Directors will comprise six members, subject to closing of the transaction.

Among others, Roberto Di Stefano, representing Stellantis, will be the Chief Executive Officer; and, Carlalberto Guglielminotti, hailing from Engie EPS and Young Global Leader 2020 of the World Economic Forum, will be Chairman.

Having obtained all antitrust clearances, completion of the joint venture is expected to occur in this second quarter.

-- BERNAMA

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