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Generali focuses on bike sharing and invests in the startup Ridemovi (formerly Mobike)

Generali focuses on bike sharing and invests in the startup Ridemovi (formerly Mobike)

Generali Assicurazioni enters the capital of Ridemovi, a micro-mobility company active in Italy and Spain. A new step in Generali's sustainability strategy, and an important milestone for Ridemovi, which will double its fleets and open new markets in Europe and outside the EU

Generali Assicurazioni enters the capital of Ridemovi, a micro-mobility company active in Italy and Spain through the offer of bike, ebike and electric scooter sharing services.

The investment was completed through a specialized investment fund, managed by Ocorian Fund Management and participated by some companies of the Generali Group. Generali Insurance Asset Management oversaw all phases of the transaction as investment advisor to the fund.

This is a new step in Generali's ambitious sustainability strategy, and an important milestone for Ridemovi, which will thus extend its fleets.

“We are very pleased to have been chosen by an investor like Generali” states Alessandro Felici, CEO of Ridemovi, “The demand for micro-mobility is growing at a very high rate. Thanks to Generali's investment, we will be able to accelerate Ridemovi’s international expansion and invest in research to continue innovating vehicles and services, making them increasingly functional and efficient ".


17/5/2021 - Fonte Economy Up Sharing Mobility