• Three global players in their respective industries are creating the most innovative and efficient player to address the challenges of energy transition in LCV and last mile logistics. • In addition to bringing its client input, CMA CGM Group will invest up to EUR 120 million by 2026 and it has acquired a stake of 10% already. • Renault Group and Volvo Group will hold respectively 45% equity stakes and are planning to invest EUR 300 million each over the course of the next three years. • Philippe DIVRY is appointed CEO of the new company and Krishnan SUNDARARAJAN COO. • Flexis SAS will be based in France, and the all-electric vans based on connected electronic platform will be produced in the Renault Group Sandouville plant in France. (....)