Russian Carsharing Service to Expand to Europe

Yandex plans to launch its carsharing service in a European Union city with 1,000 of its electric vehicles.

January 23, 2020

Russian Carsharing Service to Expand to Europe — The city has not been named yet, but Madrid and Copenhagen have been considered as well as other cities in France and Italy, according to the report.
*Photo via Ángela Ojeda.*

1 min to read

Yandex, a Russian-based technology company, plans to launch its carsharing service in Europe, according to a report by the Financial Times.

Anton Ryazanov, a Yandex executive, told the Financial Times that the company will place 1,000 of its electric vehicles in a city in the European Union. The city has not been named yet, but Madrid and Copenhagen have been considered as well as other cities in France and Italy, according to the report.

Founded in 2018 in Moscow, Yandex’s carsharing service currently operates 21,000 vehicles in Russia.

As other carsharing services are exiting the industry, Ryazanov said that Yandex has been able to grow because of its experience in the search engine market and its ride-sharing app Taxi.

“This has all been automated from the beginning,” he said. “We knew our fleet was going to grow intensively, so we couldn’t afford to put people in that value chain.”

In 2018, Russia’s carsharing market expanded five times to reach $110 million, adding approximately 229,000 users per month, according to the report.

Topics:Europe Carsharing Electric Vehicles Global Fleet Green Fleet

Originally posted on Auto Rental News

More Green Fleet

Turning Connected Vehicle Data Into Decisions That Matter

Fleet leaders have more data than ever, but turning that data into clear, actionable decisions remains a challenge. This white paper shows how leading organizations are using connected vehicle data to improve safety, reduce costs, and optimize fleet performance. Learn how to turn insight into action across your fleet.

Are You Tracking Your Fleet's True Total Cost of Ownership?

Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.

Hybrids: Electrification Without the Challenges

For fleet managers, fuel is one of the biggest line items in the budget — and it's one hybrids can shrink without changing how your people work. Download the eBook to see the numbers, understand the technology, and get a step-by-step guide to making the switch.