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Groupe Renault forms subsidiary dedicated to new mobility services

Groupe Renault has created RENAULT M.A.I. (Mobility as an Industry), an operating subsidiary exclusively dedicated to new mobility services. Bringing together all the Group’s mobility activities within a single entity will create synergies, simplify the decision-making process, clarify existing offers and create new ones, the company said.

Groupe Renault has been involved in new mobility services for the past four years by developing car services with or without drivers (Renault MOBILITY, Zity in Madrid, Moov'in.Paris, Marcel) and by making highly targeted acquisitions and equity investments in various start-ups specialized in this field (Karhoo, Yuso, Como, iCabbi, Glide).

RENAULT M.A.I. will also be a lever to gather other actors around these issues through strategic partnerships. RENAULT M.A.I. thus aims to be not only the privileged partner of cities, regulatory authorities and transport operators, but also of companies in other sectors, to promote shared mobility at the service of consumers and able to meet environmental issues.

By 2050, nearly 70% of the world’s population will live in urban areas, compared to 55% today, which will represent an additional 2.5 billion urban dwellers. This perspective provides an insight into the immense challenges facing the quality of life, housing, transportation and health in cities.

In the field of mobility, new uses are spreading, questioning the place and status of the automobile. Increasingly, the market is being structured according to the habits of consumers who are less interested in owning a vehicle than in a multimodal, innovative, connected, and more ecological offer adapted to the diversity of their needs, the company said.

After a test-and-learn phase, the Group is taking a major step forward in its development. Our ambition is to be one of the world’s leading operators of new shared, accessible and sustainable mobility by remaining faithful to our DNA of technological innovation and proximity to the ultimate consumer. The mission of Arnaud Molinié, Managing Director of RENAULT M.A.I., will be to develop existing assets, accelerate the conquest of new markets, and help their organization by forging new partnerships with all the private and public players involved in this new industrial revolution.

—Thierry Bolloré, Chief Executive Officer of Groupe Renault and President of RENAULT M.A.I.

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