Ban & Karika Attorneys at Law, the Hungarian member of the Act Legal alliance, has advised the Share Now car-sharing service on its entrance into Budapest. The service will be operated by Wallis Automegoszto Kft., a member of Hungarian investment group Wallis Asset Management Zrt.
Share Now, a joint venture of car2go and Drive Now, is a free-floating car sharing service. It operates under the DriveNow brand in Budapest, making the Hungarian capital the company's fourth cit in which operates under a franchise model, following similar models in Copenhagen, Helsinki, and Lisbon. According to a DriveNow press release, 240 BMW and MINI models can be “rented flexibly and spontaneously in the capital city,” and the service will provide 40 BMW i3 models in Budapest as well, offering customers an electric alternative.
Share Now CEO Olivier Reppert commented, “Budapest is our first city in the exciting CEE region. As a modern and fast growing city, Budapest has a high demand and potential for sustainable and flexible mobility. We are convinced that our car sharing offer is the perfect supplement to the urban mobility mix in the Hungarian capital city.”
The Act Legal team consisted of Partner Marton Karika, Attorney at Law Gabor Horvath, and Junior Associate Tibor Nyitrai.