Autolib is a system of electric car-sharing services that was initiated in Paris, France. The name combines “auto” (indicating automobiles) and “lib” (short for “liberty”), highlighting the concept of providing freedom and convenience in transportation. Autolib allows users to rent electric vehicles for short periods, reducing pollution and congestion in urban areas. Customers can pick up and drop off vehicles at various locations, making it a flexible and eco-friendly transportation option. The service aims to promote sustainable mobility and supports the growing trend of shared economy solutions in urban environments.
Paris must compensate Bolloré Group with 66 million euros for losses from the failed Autolib’ car-sharing venture. Autolib’ launched in 2011 with high expectations but faced financial struggles, accumulating deficits…