Leasys signs financing agreement with the EIB

Deal boosts zero-emission mobility across Europe

A pan-European clean fleet transport project has agreed financing to deploy a 24,000 zero-emission vehicles fleet.

Leasys is a joint venture between Stellantis and Crédit Agricole Personal Finance & Mobility.

Leasys and the European Investment Bank (EIB), signed a financing agreement to support the Pan-European Clean Fleet Transport operation, aimed at promoting sustainable mobility in Europe. 

The project foresees a €300m credit envelope granted by the EIB and an equivalent €300m co-investment made by Leasys, for a total of €600m, supporting the deployment of a 24,000 zero-emission vehicles fleet across 10 European countries, including Italy, France, Germany, Spain and Portugal.

The initiative supports Leasys’ strategy to accelerate the transition to cleaner mobility solutions and expand access to electric vehicles for both corporate and private customers. 

EIB vice-resident Ambroise Fayolle, said: “Supporting clean transport is central to the EIB’s climate goals. Rental and leasing companies, which manage millions of vehicles and regularly refresh their fleets, are uniquely positioned to drive the electrification of Europe’s vehicle fleet. Supporting companies like Leasys is a good way to accompany Europe’s transition to a low-carbon economy.” 

“We are proud to strengthen our collaboration with the EIB through an agreement that accelerates the deployment of a modern, competitive and fully electric fleet across Europe,” said Andrea Bandinelli, chief executive of Leasys. “This financing enables us to respond more effectively to the growing demand for zero-emission mobility from businesses and private drivers across our markets.

Leasys offers mobility solutions which range from medium and long-term rentals to management systems for company fleets, guaranteeing efficient, rational, safe and sustainable mobility. Created out of the merging of two leading companies in the sector, Leasys and Free2Move Lease, the new company has established itself as a pioneer of the new idea of fluid, integrated and global mobility designed for individuals, professionals and companies of all sizes.

Leasys hasa managed fleet of more than 950,000 vehicles which is already operational in 11 European countries: Italy, Spain, France, UK, Germany, Belgium, Netherlands, Portugal, Poland, Luxembourg and Austria.