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Bosch to compete against automakers with electric van-sharing

Staff Writer | October 10, 2018
German auto parts supplier Bosch is launching an electric van-sharing service in Germany, expanding its reach in rentals and pitting it against some of its customers who are also expanding into pay-per-minute mobility services.
Electric car
Europe   Bosch said on Tuesday it will team up with toom
Bosch said on Tuesday it will team up with toom, part of German retailer REWE, to supply battery-driven vans which people can hire to transport bulky purchases from hardware stores.

German cities are banning older diesel vehicles, hastening the switch to electric and benefiting firms like Bosch, which supplies components to electric vehicle makers.

Combined with the emergence of smartphone-hailed rental technology, which allows people to use vehicles by the minute without owning them, this is turning the relationship between car manufacturers and their suppliers on its head.

"A service for sharing electric vans has huge potential for growth," Rainer Kallenbach, president of the Connected Mobility Solutions division at Bosch said in a statement.

The Bosch electric vans will be supplied by StreetScooter, a German startup carmaker owned by logistics company Deutsche Post , which uses powertrain components supplied by Bosch.