Leasys is to go fully electric across its short-term rental fleet and implement new mobility solutions to help fleets go zero-emission.

Leasys short-term rental fleet to go 100% electric by end-2027

The business, the mobility subsidiary of FCA Bank and part of the Stellantis family, has pledged for its short-term fleet across Europe to be 75% electric by 2024 and 100% by the end of 2027, with a total fleet of more than 500,000 long-, medium- and short-term vehicles.

It’s also rapidly expanding its network of charge points. 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, United Kingdom and Spain.

Its new electrification strategy development plan – which will complete its ‘mobility revolution’ project launched in 2020 – will also roll out at a service level, with the 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.

Such solutions include Leasys Miles; its long-term rental pay-per-use product, which is now available on the Fiat 500, marking the first time it’s been offered on an all-electric vehicle.

It’s also launching its Leasys Unlimited solution – a long-term rental product exclusively available on the hybrid and electric models of the Stellantis Group and combining unlimited miles and one initial payment into a single package.

The latest commitments come on the back of Leasys’ acquisition in July 2021 of Easirent, expanding its short-term rental solutions and subscription services.

As part of its eco commitments, Leasys also placed a €500m (£424.4m) Green Bond in July 2021, which will mature in July 2024 and pay a fixed-rate coupon of zero per cent. The Green Bond has raised €2.3bn (£1.95bn) from over 129 investors, and its proceeds will be used to finance the expansion of the Leasys fleet of low-emission vehicles as well as its network of fast charging points.