Wise Group signs agreement with M, sells own fleet

M, part of Volvo Car Mobility, has entered into an agreement with Wise Group, a group of specialist companies in recruitment, consulting services, and digital products. As a result of the contract with M, Wise Group will give its more than 300 employees access to smart car sharing and sell its car fleet in Stockholm.

Wise Group sees the agreement with M as part of a larger project aiming to encourage employees to act more sustainably. In addition to providing a better user experience, Wise Group's transition to M is expected to significantly reduce costs as M provides servicing, fuel, and insurance.

"It feels great to get rid of time consuming administration and internal information about cars being in service or missing car keys. But above all, it's in line with our values to take an active part in the transition towards more sustainable urban mobility. We also intend to switch to M from Sunfleet when the service is launched in Gothenburg and Malmö", says Nathalie Berthelius, Chief People & Culture Officer at Wise Group.

Wise Group also believes that the reduced costs positively influence the behavioral change towards more sustainable travel. It's easy to perceive a company-owned car as free of charge: you tend to only pay attention to operating costs such as fuel and parking. But you get a totally different picture when you evaluate the total cost and consider how much the cars are used, as well as the administrative cost of time spent handling the vehicles.

"When we discuss companies' needs, we see great similarities with private consumers' thoughts. Companies are looking for convenient services that do not steal unnecessary time or costs from their main mission. The car is an enabler, and we can make sure that part works without any headaches. Sustainability is on the table in all conversations we have with corporate customers, and Wise Group is an example of this new awareness. Our business service is still in beta, and Wise Group is one of the companies involved and influencing future functionality," said Bodil Eriksson, CEO of Volvo Car Mobility.

For more information, please contact:

Press contact at M: [email protected]

Press contact at Wise Group: Nathalie Berthelius, [email protected]

About Volvo Car Mobility Volvo Car Mobility is a wholly-owned, independent subsidiary of the Volvo Car Group and a strategic investment to meet new consumer preferences. The development company is located in Stockholm and employs 150 people. Stockholm also has the management of the Swedish marketing company responsible for the transformation of Sunfleet to M. M is the first service to be launched by Volvo Car Mobility. Continued rollout of M is scheduled for early 2020. M is available on the App Store and Google Play.

About Wise Group Wise Group is a group of specialist companies in recruitment, consulting services, and digital products that help companies reach their full potential by putting people at the center. We are a Nordic player with a global reach, with customers in over 60 countries, and offices in Stockholm, Gothenburg, Malmö, and Helsinki. Wise Group is listed on Nasdaq Stockholm's Small Cap list. www.wisegroup.se