Freetrailer reaches one million rentals
For the first time in the company's history, Freetrailer Group A/S has passed one million rentals during the past 12 months. The record is mainly driven by significantly more locations with the company's partners and the roll-out of 1,275 new units during the period.
Freetrailer Group A/S has set a new record in the number of rentals. Over the past 12 months, the use of the company's trailers and electric cargo bikes has reached one million, which corresponds to a continuous growth in the number of rentals of 22% compared to the previous 12 months.
Over the past year, the number of partner locations has grown by 52% and has now passed 1,050. At the same time, the number of rental units has increased to 4,325 with the company's partners in Denmark, Sweden, Norway and Germany.
According to Nicolai Frisch Erichsen, CEO of Freetrailer, the record marks a remarkable step in the company's development and growth.
"The milestone we can report today is completely in line with our strategic objectives. The success reflects the growing demand for Freetrailer's rental products in Denmark, Norway, Sweden and Germany, and the result is clear proof of our ongoing commitment to meeting our customers' needs and providing quality rental services," says Nicolai Frisch Erichsen.
According to Nicolai Frisch Erichsen, the company's massive investments also contribute to the result.
"Over the past year, we have invested heavily in an improved and more intuitive user experience. At the same time, we've put full speed into expanding our fleet with new trailers and cargo bikes. This in combination has played a crucial role in us reaching the one million rentals mark," says Nicolai Frisch Erichsen.
Nicolai Frisch Erichsen states that Freetrailer looks forward to continuing to expand their services in the future. The company is determined to maintain its position as a leading rental provider, and its success is proof that the future continues to be the sharing economy.
For further information about Freetrailer Group A/S please contact
Nicolai Frisch Erichsen, CEO, Freetrailer
E-mail: Nicolai.frisch@freetrailer.com
Phone: +45 26 81 81 28
About Freetrailer Group A/S in brief
Freetrailer Group is a Danish technology company whose mission is to make it easy to book and rent a trailer for free via a sharing economy IT platform.
With a 100 percent self-service solution via the Freetrailer App and the electronic lock, Freetrailer's Partners and their customers are given full flexibility, and today more than five million people have made use of Freetrailer's service.
Freetrailer works with a two-part growth plan, where strengthening the existing domestic markets is one leg and further internationalization of the concept is the other.
Facts:
+100 partners
+1,000 pick-up points
+4,300 trailers
+1,000,000 rentals
Today, Freetrailer Group has a scalable business concept based on an innovative IT platform with global potential. Freetrailer Group A/S was listed on Spotlight Stock Market in 2018.
Ticker code: FREETR