{"id":129991,"date":"2021-06-24T12:38:58","date_gmt":"2021-06-24T12:38:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129991"},"modified":"2021-06-24T12:38:58","modified_gmt":"2021-06-24T12:38:58","slug":"russian-car-sharing-group-delimobil-plans-emerging-market-expansion-founder","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/russian-car-sharing-group-delimobil-plans-emerging-market-expansion-founder\/","title":{"rendered":"Russian car-sharing group Delimobil plans emerging market expansion – founder"},"content":{"rendered":"
MOSCOW (Reuters) – Russian car-sharing company Delimobil plans to expand into markets in developing countries and to sell local franchises, its founder and main shareholder Vincenzo Trani told Reuters.<\/p> Delimobil, one of Russia\u2019s biggest car-sharing providers along with Yandex.Drive and others, has said it plans to list on the New York Stock early next year.<\/p>\n \u201cRussia will definitely remain our main focus, but we will also expand our business abroad,\u201d Trani said in an interview. \u201cWe will take a mixed approach. We plan to expand using both our own model and franchises.\u201d<\/p>\n He said Delimobil was in talks with Qatar to launch a franchise of Anytime Prime, its service offering long-term car rentals.<\/p>\n Trani said there was interest from Uzbekistan in a classic car-sharing franchise. Countries from Asia and North Africa are interested in franchises or in Delimobil developing its own local business, he said.<\/p>\n Delimobil has more than 16,000 cars in Russia. It also operates in Belarus, Kazakhstan and the Czech Republic under its Anytime brand.<\/p>\n \u201cWe are offering a car-sharing service to developing countries because it is a good tool for them to close the gap in mobility they have because people just can\u2019t afford to have as many cars as in developed countries,\u201d he said.<\/p>\n Last year, Delimobil said it planned to sell a minority stake to investors in a pre-placement before floating a 40% stake on the New York Stock Exchange to raise around $300 million early next year.<\/p>\n Russian bank VTB purchased up to 15% in Delimobil for $75 million this month.<\/p>\n \u201cWe will definitely continue our regional expansion (inside Russia),\u201d CEO Elena Bekhtina told Reuters. The company operates in 10 Russian regions after recently launching in Kazan, she said.<\/p>\n Trani and Delimobil declined to talk about the IPO. Trani does not plan to sell his shares in the medium-term, he said. \u201cWe do not plan to cash out.\u201d<\/p>\n