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Autolib Carsharing Company Receives $98 Million In Loans From EIB

The french electric carsharing company Autolib has received €75 million in new investment money from the European Investment Bank (EIB).


Autolib launched its services in Paris last October using Bollore’s electric ‘Bluecars’. It’s aiming to have around 5,000 EVs based at over 1,000 locations around Paris by 2013. Currently, it charges around $6–11 per half hour with an additional $200 membership fee.

“As many as 40 of the 250 EVs had been pulled out of service as of January because of a combination of vandalism and breakdowns. At that point, Autolib had garnered about 6,000 memberships, around twice as many as the projected rate before launch.”

Source and Image: Green AutoBlog