Alphabet has hit a new record of managing more than 800,000 vehicles follow strong growth in new business and rising demand for electric vehicles.

Alphabet now manages over 800,000 vehicles following 5% portfolio growth in the last year

The international leasing and fleet management firm, owned by BMW Group, grew its total fleet by over 5% last year, despite the “ongoing economic challenges” globally.

New business development rose across regions, reaching around 249,000 contracts. Alphabet said continued customer demand for electrified fleets and digital mobility offerings were key factors. Battery-electric vehicles (BEVs) continued to be a significant growth catalyst, accounting for 28.5% of new business, highlighting customers’ accelerating shift towards low-emission mobility and future-ready fleet strategies.

Its new record total fleet also partially includes the management of BMW Group’s own fleet, focused on optimising vehicle utilisation and remarketing.

Fleet electrification remains a “cornerstone” of Alphabet’s success. Electrified vehicles now represent 42% of Alphabet’s total fleet, aligning with the steady shift towards alternative powertrains across customer portfolios.

Battery electric vehicle (BEV) volumes have increased by over 35% year on year, underlining the growing significance of fully electric vehicles. In 2025, almost one in three vehicles delivered was fully electric.

Alphabet said customers were placing greater emphasis on electrification within their sustainability strategies, motivated by regulatory obligations, total cost of ownership factors and ESG commitments.

Jesper Lyndberg, chief executive officer of Alphabet, said the momentum behind fleet electrification was further intensifying across the firm’s markets.

“Our priority is to empower customers with innovative, scalable solutions that facilitate a seamless and confident transition to electrified mobility.”

The company also continues to ramp up its focus on supplying data-driven tools that improve transparency, efficiency and decision-making across fleet operations, supporting businesses as fleet demands become increasingly complex.

Its Alphabet AI Assistant, launched late 2024 for AI-­powered fleet reporting and analytics, has scooped two major industry awards.

The business has now further expanded its integrated mobility ecosystem with the launch of Alphabet Connected Fleet, which provides near-real-time vehicle data, supporting actionable operational insights for fleet management and improving the effectiveness of sustainability tools such as the Alphabet Carbon Manager.

Sven Straub, head of region Europe at BMW Group Financial Services, said: “Overlooking Region Europe at BMW Financial Services, including our fast-growing subsidiary Alphabet, we lead the way in business mobility across Europe. Our customer-centric solutions focus on sustainability, total cost of ownership (TCO) and an attractive product portfolio, empowering customers to achieve their goals while promoting responsible mobility.”

Alphabet also continues to strengthen its commitment to sustainable business practices. It’s secured EcoVadis certification across all its markets, ahead of schedule. Notable distinctions include three Platinum awards for Alphabet International, Alphabet Netherlands and Alphabet Belgium (top 1% of companies); five Gold (top 5%); and five Silver medals (top 15%).

Alphabet’s operational results follow the publication of Ayven’s own figures, showing a rise in profits despite a dip in fleet size.