Mobilize will operate Duo in a scheme called Mobilize Share, but that would be based out of existing Renault dealerships rather than free-floating on city streets so becoming more like a traditional rental.
But the core of the business for Mobilize is not the car share or ride hail but the finance. This is the same for other mobility brands such as Toyota’s Kinto or Stellantis’s Free2Move, and yesterday’s Mobilize presentation included the announcement that Renault’s RCI Bank is now renamed Mobilize Financial Services.
Finance is where the real action is right now in the world of mobility. ”Customer buying patterns are changing from outright purchase,” said Joao Leandro, CEO of the newly renamed Mobilize Financial Services. The bank arm wants to grow its lease fleet by 80% to one million by 2030.Mobilize points to data showing that operating leases, where ownership of the car stays with the company renting it, will grow from 62% of all global new car transactions by 2030 from 36% now.
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