Leasys and EIB to introduce 24,000 electric vehicles into European fleets
The project involves a €300 million credit facility from the EIB and an equal investment by Leasys, totalling €600 million, to support the deployment of a fleet of 24,000 zero-emission vehicles across ten European countries, including Italy, France, Germany, Spain, and Portugal.
This initiative will enable Leasys to procure more battery-electric vehicles, which often remain more expensive to purchase than internal combustion engine (ICE) vehicles—though newer models are already priced comparably to plug-in hybrids. Leasys will then lease these vehicles to corporate and private customers, with a focus on large fleets. The company expects the project to deliver “significant environmental benefits, with fleet performance substantially above current market averages, contributing to lower emissions, improved air quality and reduced noise levels in urban environments,” Leasys states. This impact will be driven primarily by high-mileage business users.
“It will also support the development of Europe’s clean-mobility value chain, fostering wider EV adoption and innovation across key markets,” Leasys explains. The latter is expected to be achieved by using electric vehicles manufactured by the Stellantis Group in Europe, some of which already feature battery cells produced in Europe.
“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,” says Andrea Bandinelli, CEO 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.”
“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 accelerate the EU’s electrification and accompany Europe’s transition to a low-carbon economy,” added EIB Vice-President Ambroise Fayolle.
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