Bollore Paris Car-Rental to Start in December, Parisien Says

French entrepreneur Vincent Bollore (BOL)’s electric-car rental service for Paris will start operations in December, Le Parisien reported, citing an interview with the financier.

Bollore SA will initially open 250 stations, eventually growing to 580, according to the interview. Bollore Energie is investing 50 million euros ($72 million) to build batteries for the cars at a factory in Brittany.

Bollore told Parisien he expects 100,000 people to sign up for the service, which is based on the short-term bike rental system in Paris. About 4,000 cars will be available.

To contact the reporter on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net;

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.