RATP invests in Paris car share company

RATP Group, the state-owned operator of Paris public transport, has taken a stake in car share company Communauto’s subsidiary in the French capital.

It sees this first investment by its new RATP Capital Innovation company, dedicated to supporting start-up ventures, as a way of adapting to the fast changing mobility market.

‘Car sharing offers a reliable alternative to the individual car and is complementary to the traditional offer of public transport,’ it says. ‘It also improves the quality of life in the city by reducing car congestion and freeing up public space so far dedicated to parking.’