Press releases

Modus Group, international group of companies, concentrates renewable energy operations under the single Green Genius name. The decision to use one brand was made while preparing for the stage of rapid international growth.

Modus Group renewable energy business will operate under the single Green Genius brand

Modus Group is expanding the geography of biogas activities and starting operations in Poland. The plans for 2020 are to develop 5 biogas plants with a total capacity of 5 megawatts (MW). Over EUR 25 million will be invested in these projects, and the plants are scheduled to start operations in 2021.

Modus Group expands its business operations in Poland: EUR 25 million will be invested in biogas projects in 2020

CityBee, the largest provider of shared mobility services in the Baltics, ended longer than six-month electric scooter season. During this period the company’s clients in three Baltic countries made nearly half a million trips. Customers’ habits show an increasing need for micro-mobility services, therefore, CityBee plans to offer electric scooters again next year.

CityBee completes its first electric scooter season, notes clear differences among the Baltic countries

The revenue of Modus Group in the first half of 2019 reached EUR 226.3 million. Compared to the same period of the last year, the revenue increased by one third. The growth was mainly driven by actively investing in expansion, especially in new markets. The company’s EBITDA (earnings before interest, tax, depreciation, and amortization) reached EUR 34.4 million.

Modus Group revenue growth in the first half of 2019 was driven by expansion

Modus Group Solar Power parks in Poland has been acquired by Aberdeen Standard Investments. This is the biggest transaction for solar power parks in Poland so far.

Modus Group Solar Power parks in Poland has been acquired by the Leading Global Asset Manager

The EBRD is supporting renewable power generation and a better energy supply mix in Belarus with the provision of a US$11.3 million loan for the construction of two biogas plants in the country.

EBRD supports Modus Group expansion in Belarus

Together with CityBee, an international group of companies Modus Group is expanding their car-sharing service into Latvian and Estonian markets.

Modus Group to bring a new carsharing service to Latvia and Estonia

The international group of companies Modus Group, with 18 car brands in its portfolio, has become the official importer of Jeep cars manufactured by Fiat Chrysler Automobiles (FCA) in Lithuania, Latvia and Estonia.

The Jeep importer in the Baltic States is changing

Electricity generated by the power plants will be sold to Polish electricity network operators.

Modus Energy Launches Construction of 12 Solar Power Plants in Poland

Modus Energy will build four biogas power plants in Belarus.

EBRD to Finance Modus Energy Biogas Projects in Belarus

The international group of companies Modus Group is expanding one of its strategic areas, the CityBee car-sharing service, to the Polish market.

Modus Group expands the CityBee service to Poland

Embassy of the Republic of Poland to Lithuania awarded Modus Group for its investments in solar energy development in Poland. The prize to Modus Group was granted during the annual event “Polish Business Awards 2019”, where the most important Lithuanian and Polish business events that are strengthening the countries mutual economic relations are recognized.

Modus Group awarded for its investments in Poland

Modus Group is expanding the geography of biogas activities and starting operations in Poland. The plans for 2020 are to develop 5 biogas plants with a total capacity of 5 megawatts (MW). Over EUR 25 million will be invested in these projects, and the plants are scheduled to start operations in 2021.

Modus Group expands its business operations in Poland: EUR 25 million will be invested in biogas projects in 2020

International company Modus Group plans to invest at least 38 million euros in the installation of solar power plants in Spain by the end of 2020. Green Genius, a company owned by Modus Group, is planning to achieve a ready to build phase of solar power plants of an aggregated capacity of over 100 megawatts (MW) in this market during 2020. Altogether, the portfolio of solar power plants managed by Green Genius in Spain is expected to grow to 560 MW in the next five years.

Modus Group to invest 38 million euros in solar energy in Spain by the end of 2020

CityBee expands its e-kick scooter sharing service in Lithuania. Now it is available in three more cities – Kaunas, Klaipėda and Palanga. Therefore, total number of e-kick scooters in the country has reached nearly 1 thousand.

CityBee e-kick scooter sharing service is available in three more cities

The revenue of Modus Group reached EUR 342.94 million,  the company earned EUR 28.54 million before interest, taxes, depreciation and amortization (EBITDA). Compared with 2017, the company’s revenue and EBITDA rose by 26% and 30%, respectively.

Last year, Modus Group’s revenue rose by 26% and EBITDA by 30%

The international group of companies Modus Group and Poland based mBank have signed a EUR 10 million loan to finance solar power projects in Poland.

Modus Group signs the largest loan in the Polish market to finance solar power projects

Renewable energy company Modus Energy has completed the construction of 4 modern biogas power plants in Belarus.

Modus Energy has completed 4 biogas projects in Belarus

Modus Group further implements strategy of renewable energy project expansion in Europe.

Modus Group invests 30 million euros in solar power plants in Ukraine

Modus Group will list its bonds on the Nasdaq Baltic First North alternative market starting 26 February 2018.

"Modus Group" Starts Trading Bonds on Nasdaq Baltic First North Market

A car parking company “UniPark“, belonging to an international group of companies “Modus Group”, and a company “Parkdema”, have entered into a merger. 

Merger: “Parkdema“ + “UniPark“

Green Genius, renewable energy company of the international holding Modus Group, has successfully implemented their first solar energy project in Ukraine. Over EUR 11 million were invested in this project. The solar power plant in Ivano-Frankivsk region in the western part of the country has a capacity of 13.5 MW.

Modus Group implemented their first solar energy project in Ukraine

Residents and guests of Tallinn can now use shared-transportation provider CityBee’s cars. Expansion in Estonia, involving investments of 2 million euros, has enabled CityBee to become the first and so far only car sharing platform to operate in all three Baltic countries. 

Interconnected Baltics: CityBee car-sharing now in Tallinn too

Starting today, residents and guests of Riga can also use CityBee cars. A total of 200 urban bees have rolled onto the streets of the Latvian capital, with plans for 300 cars in Riga by the end of the year.

CityBee strengthens its positions in Latvia with 200 cars

Modus Group is starting a new stage of solar power parks construction in Poland. The company plans to install 41 new solar power parks with a total capacity of 41 megawatts (MW) there. The construction of the solar power plants is scheduled to be completed by the beginning of 2020.

Modus Group to invest 36 million euros for solar PV projects in Poland

A new state-of-the-art biodegradable materials processing line is entering its final completion stage near Vievis. The project has been completed by Modus Energy. The investment exceeded 4,5 million EUR.

€ 4.5 million project – Modus Energy expanded biogas plant in Vievis

Modus Group is investing 110 million euros into a major upgrade of its fleet for CityBee, its car-sharing service in the Baltics and soon Poland.

Modus Group plans to spend €110 million to turn CityBee into one of the biggest car-sharing companies in Europe

The international group Modus Group is expanding one of its strategic areas of
renewable energy and is establishing a new company, Axton Commodities.

A new brand comes to the Modus Group

We are happy to present to you Green Genius: a Lithuanian Start-up that offers to install free solar panels to generate electricity cheaper!

A new brand is joining Modus Group family of businesses

The legendary British Bentley cars are now available at the official representative office in Lithuania. 

The Modus Group has opened its official Bentley representative office in Lithuania

Modus Group, one of the largest groups of companies in Lithuania, has set up the investment management company ModusAsset Managment. 

Modus Group founds new Investment Management Company

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