PSA invests in strategic plans

As part of its ‘Push to Pass’ strategic plan, PSA Group is pursuing its drive to invest in new mobility solutions with the investment in TravelerCar.

A start-up company, TravelerCar offers a variety of new solutions designed to optimise cars as a resource and ensure they rarely go unused.

The investment opens up a new chapter for PSA Group, which is continuing to roll out its ‘Push to Pass’ strategic plan for the 2016-2021 period with the aim of becoming a successful supplier of mobility services on a global scale. To this end, last April PSA Group announced that it would be committing €100 million in venture capital to investment in the field of mobility.

TravelerCar offers three types of service that are available in airports, train stations and city centres to make daily life easier for car owners and renters: a free parking solution for car owners who make their vehicle available for rent, an advantageous-price parking solution for car owners who prefer not to share their vehicle, and a reduced-rate car rental option for individuals.

Founded in 2012, the start-up now has a network of 80 agencies and over 100,000 users in six countries: France (including the overseas departments and territories), Spain, the Netherlands, Germany, Switzerland and Belgium.

‘One of the answers to new car consumer trends is delivering the kind of solutions that TravelerCar has developed,’ commented Brigitte Courtehoux, head of PSA Group’s Connected Services and New Mobility Solutions Business Unit. ‘The move to give customers a new mobility experience is one we fully embrace at PSA Group. Thanks to the partnership with TravelerCar, PSA Group is continuing to implement its planned strategy to be a strong player in this new ecosystem.’