Stellantis And Engie EPS Form JV

(Stellantis, 31.Mar.2021) — In a major step as they move towards the completion of their Joint Venture as announced on 26 January 2021, Stellantis and Engie EPS announced composition of the Board of Directors and the corporate name of the new entity: Free2Move eSolutions.

Free2Move eSolutions has the ambition to 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.

An active role in contributing to affordable and clean mobility

Through a digital and seamless journey across all product lines, 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 such as Vehicle-to-Grid (V2G) integration and energy management solutions to reduce the total cost of vehicle ownership.

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% dedicated to electric mobility.

Free2Move (part of the Stellantis Group) is a mobility tech company, created in 2016, whose objective is to simplify and guarantee mobility for both private and business customers with solutions adapted to all needs, anywhere and anytime from 1 hour, 1 day, to 1 month or more, via a single platform. It also provides solutions supporting energy transition and fleet management for professionals.

The new company is founded at global level and is 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.

Board of Directors of Free2Move eSolutions

The Board of Directors of Free2Move eSolutions will be comprised of six members, subject to closing of the transaction. Roberto Di Stefano, representing Stellantis, will be the CEO, and Carlalberto Guglielminotti, hailing from Engie EPS and Young Global Leader 2020 of the World Economic Forum, will be the Chairman. The other members of the Board of Directors will be Brigitte Courtehoux (CEO of Free2Move Brand and member of Stellantis’ Global Executive Committee) and Davide Mele (Deputy Chief Operating Officer Enlarged Europe) from Stellantis,with Luigi Michi (formerly Head of Strategy and System Operation in Terna and Executive Vice President in Enel) and Giovanni Ravina (Chief Innovation Officer) representing Engie EPS.

Having obtained all antitrust clearances, completion of the joint venture is expected to occur in the second quarter of 2021.

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