Wednesday, March 12, 2014

French Billionaire Bolloré Making a Move in London Electric Car Sharing (BOLL.Paris)

We haven't visited with these folks in over four years. Here's the latest, from Forbes:
French Billionaire Vincent Bollore Invests In London's Electric Car-Sharing
French Billionaire Vincent Bolloré plans to introduce a car-sharing scheme for electric vehicles. The green campaign, a four-wheel extension of London’s environmentally-friendly “Boris Bikes” program, will let Londoners hire an electric car for 15 minute slots.

Bolloré Group’s IER company will reportedly spend $166 million on the Source London program to quadruple the number of outlets for charging electric vehicles, ultimately equipping the city with 6,000 recharge stations. It plans to launch its automotive-sharing scheme with 100 green vehicles by the end of 2014, scaling up to 3,000 cars by 2018.

Founded in 2011, Source London was launched by the capital’s Mayor Boris Johnson, who introduced nearly 1,400 electric vehicle charge points across 300 sites including grocery stores, car parks and hospitals. Transport for London (TfL) selected IER to take over the management and operation of the initiative from summer 2014.

“It’s now time for a private sector operator to drive the scheme forward, working under normal market conditions and clearly demonstrating electric vehicles are here to stay,” said Nick Fairholme, the TfL Director responsible for Source London....MORE
Back in 2009 Mssr. Bolloré made a play to develop Bolivia's immense lithium resource:
France's Bollore opens talks over Bolivia's lithium (BOLL: Paris)
but Presidente Morales decided to keep the reserves Bolivian. So Bollore went up the value chain:
Lithium: "French billionaire launches $1.5B EV battery play" (BOLL: Paris)