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Europcar buys some ingenuity and audacity via Ubeeqo deal

01/20/2015| 12:32:22 PM| 中文

Europcar has taken a majority stake in Ubeeqo for an undisclosed sum and is providing funding of 4 million euros to develop Ubeeqo’s proprietary technology systems.

Established car hire firms are exposed to the Uber-led global mainstreaming of tech-driven taxi bookings, car-pooling and ride-sharing. Europcar‘s investment in French start-up Ubeeqo is a sign that the newcomers won’t be given a free ride.

Europcar has taken a majority stake in Ubeeqo for an undisclosed sum and is providing funding of 4 million euros to develop Ubeeqo’s proprietary technology systems.

The announcement quoted Europcar’s CEO Philippe Germond, states:

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TAGS: Europcar | Ubeeqo | car rental | acquisition
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