Leasys unveils its electrification strategy

Corporate and personal mobility specialist Leasys has committed to completing its “mobility revolution” project by 2024, saying its short-term fleet will be 75% electric by that date, rising to 100% by the end of 2027. The leading long-term rental company in Italy and major player at European level, Leasys is a Stellantis brand and a subsidiary of FCA Bank and has a total fleet of more than 500,000 long, medium and short-term vehicles,

Announcing its electrification strategy and development plan, Leasys said that within three years, the 1,000 fast charge points currently existing in Europe will triple, reaching a total of more than 3,000 in the 12 countries where Leasys is operational: Austria, Belgium, Denmark, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, the UK and Spain.

In July 2021 Leasys acquired Easirent, expanding its the short term rental solutions and subscription services and providing the starting point for its electric revolution in the UK.

As part of the new electrification strategy Leasys will be offering of several ‘from a minute to a lifetime’ mobility solutions, designed to promote the adoption of zero-emission vehicles without the burden of ownership. These include Leasys Miles, the long-term rental pay-per-use product, which will now be available on an all-electric vehicle (the New 500) for the first time.

Customers will also be able to choose Leasys Unlimited, another long term rental product dedicated to the hybrid and electric models of the Stellantis Group, which offers a single package covering everything needed to enjoy a full peace of mind rental experience including, for the first time, unlimited miles and one initial payment.

To finance the expansion of its fleet of low emission vehicles as well as its network of fast charging points, in July 202, Leasys placed a €500 million Green Bond, which will mature in July 2024 and pay a fixed-rate coupon of zero per cent. This issuance marks an important milestone for FCA Bank and Stellantis, as it represents the first operation of this kind for the group. The Green Bond has been well received by the market, raising €2.3 billion euros from over 129 investors.