The French capital on Thursday canceled its contract with Bollore after the company predicted losses totaling $348 million over the next five years and asked for taxpayers to pick up much of the cost.
Four years in, Blue Indy car-sharing service still stuck in the red
Blue Indy has yet to see a money-making year, and the company’s top Indianapolis official says he can’t predict when that will happen.Read More
Paris Mayor Anne Hidalgo is considering early termination of the firm’s contract with the city, amid widening losses and criticism that the vehicles are poorly maintained and dirty.
The Central Indiana Personal Mobility Network is in its early stages. But the general idea is to use technology, including a smartphone app and other tools, to make it easier for people to use IndyGo and other local transportation options, including Blue Indy electric-car sharing, Indiana Pacers Bikeshare, Uber, and Lyft.
The BlueIndy car-sharing program is facing a big challenge: How do you succeed when so many potential customers are unaware of, uninterested in, or even intimidated by what you’re trying to sell?
French billionaire Vincent Bollore’s push into electric vehicles has been a huge success, at least in terms of publicity and eye-catching contracts. For investors, it hasn’t worked out so well.