Long-term Italian rental company Leasys to go fully electric by the end of 2027

Leasys, a Stellantis brand and a subsidiary of FCA Bank, has announced that its near future will be fully electric, flexible and environmentally friendly. The leading long-term rental company in Italy and a major player at the European level has unveiled its electrification strategy and development plan for the upcoming years. It  aims to complete its mobility revolution’ project by 2024.

By 2024 the Leasys short-term fleet will be 75 percent electric and 100 percent by the end of 2027, with a total fleet of more than 500,000 long, medium and short-term vehicles.

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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. These include Austria, Belgium, Denmark, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, United Kingdom and Spain.

The new electrification strategy will unfold fully also at a service level, with the offering of several ‘from a minute to a lifetime’ mobility solutions. These are designed to promote the adoption of zero-emission vehicles without the burden of ownership.

Solutions include ‘Leasys Miles’, the long-term rental pay-per-use product, ideal for occasional usage of vehicles. It’s now available on the Fiat New 500, the first time it’s available on an all-electric vehicle.

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. This  combines everything needed in a single package to enjoy a full peace of mind rental experience including, for the first time, unlimited miles and one initial payment.

In July 2021 Leasys acquired Easirent, expanding its short term rental solutions and subscription services and starting its electric revolution in the UK. The signing of the agreement strengthens Leasys role as a 360-degree mobility leader in the UK and mainland Europe.

As part of the fleet changeover to electric vehicles, Leasys also offers customers the opportunity to be one of the first to drive and experience the new iconic all-electric Fiat New 500.

Finally, the ‘mobility revolution’ has also had a significant impact on the financial front. In July 2021, Leasys placed a €500 million Green Bond. This 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 because 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 from over 129 investors.

Its proceeds will be used to finance the expansion of its fleet of low emission vehicles, as well as its network of fast charging points, further consolidating the electrification efforts of Leasys.

Ian Osborne
Ian Osborne
Editor-in-Chief at ElectricDrives

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