Bollore to Quadruple London’s Electric-Car Charge Outlets
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French billionaire Vincent Bollore is set to introduce an automotive version of London’s “Boris Bikes” short-term bicycle-rental program as he quadruples outlets in the U.K. capital for charging electric vehicles.
IER, the unit of the entrepreneur’s Bollore Group that runs Paris’s Autolib auto-sharing service, will probably invest 100 million pounds ($166 million) in the Source London electric-car charging program that it will begin managing in mid-2014, Bollore said today at a press conference. The network will be expanded to 6,000 battery-charging sites by 2018 from about 1,400 currently, with a car-sharing component eventually to be added, the partners said in a statement.