SIXT is selling the bike rental business

Ilze Jonikāne | 2020.03.06

From this year Latvia's leading short-term and long-term car rental service provider SIXT has stopped providing bicycle share rental in Riga and Jūrmala by selling it to another operator.

The new Nextbike representative of the international bike rental provision system in Latvia is going to continue to provide the service and bicycles will be available from the beginning of the cycling season.

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EUR 43 | SKY24.LV

"We have been providing bike share rental in Latvia for six years and have proven to the public and to ourselves that we are ready for the sharing economy, which is gaining increasing popularity in both Latvia and worldwide. After successfully serving tens of thousands of cycle rides, we have decided to fully focus on our core business, meeting the growing demand in the field of short-term car rental, long-term car leasing and fleet management services. The company's turnover has grown annually by 20% every year, maintaining the role of a stable leader not only in Latvia, but also in the Baltics. The unaudited consolidated turnover in the Baltics in 2019 amounts to EUR 30 million. In order to continue providing the best car service, we want to focus fully on these fields in the future", explains Arnis Jaudzems, SIXT General Manager in the Baltic states.

"At the same time, we see how consumer perception and demands for mobility solutions in the world are changing, particularly among the younger generation, to whom the geographical, functional and financial accessibility of mobility is now more important than ever. SIXT is one of the mobility service innovators of the world, therefore we do not exclude the possibility of extending our range of services in the future with an offer corresponding with the time and consumers’ interests," adds Arnis Jaudzems.

The bicycle-sharing service in Latvia is part of the international bicycle-sharing system Nextbike, which is among the leading providers of such service in the world. More than 40 bicycles are available to customers in 26 countries, such as Germany, Austria, Hungary, Poland, Switzerland, Turkey and others. In total bicycles are available in more than 200 cities.

Customers who have signed up for the SIXT bike rental services in the Nextbike system and want to receive the unused deposit, must apply on the sixt.lv/velo homepage by specifying their name, surname, mobile phone number used for signing up to the system and the amount of the deposit they want to receive.

Whereas, customers who want to continue using bike rental services in Riga do not need to perform a new registration. The deposit of SIXT bike rental accrued by each customer will automatically be available in the new Nextbike Latvia network, as well as in any country in the world where the service is provided within the framework of the particular system.

It was previously reported that in 2018 SIXT's consolidated net turnover in the Baltics was 25.5 million euros, which is 21% more than in 2017. In 2019, the company's growth rate has remained at 20%. This is due to the increasing demand for short-term car rental and full-service car leasing services. Whereas, in Latvia SIXT turned over 17.6 million euros in 2018, which is 25% more than in 2017.

About SIXT

SIXT is the leading provider of mobility services in Europe, founded in 1912 in Munich, Germany. SIXT is currently available in more than 100 countries around the world in 2,000 service locations. SIXT provides car rental, car-sharing, carpooling, full-service car leasing and fleet management services, being the leader of technological innovations in these spheres.

About SIXT in the Baltics

SIXT commenced its activities in 2010, when the fleet management company Transporent became a franchise partner of SIXT rent a car and SIXT Leasing in the Baltic states. The company provides car rental and leasing services, serves and advises the fleets of the largest companies of the Baltic states, as well as companies with a small number of cars, serving a total of 6,500 cars. Whereas, more than 800 BMW, Audi, Mercedes Benz, Volkswagen, Toyota, Nissan and other world-leading manufacturers’ cars are available for short-term car rental. In the Baltics SIXT car rental offices are available in Riga, Jūrmala, Liepāja, Ventspils, Tallinn, Tartu, Vilnius, Kaunas, Palanga and Klaipeda, as well as in the airports of these cities. More about the company: www.sixt.lv.