Stellantis and Crèdit Agricole (CA) Consumer Finance have launched their new Leasys multi-brand operational leasing firm, setting out plans for mobility leadership.

Leasys merges the activities of the former Leasys and Free2move Lease entities, creating the fifth largest European leasing firm

Leasys merges the activities of the former Leasys and Free2move Lease entities under the full Stellantis umbrella and creates the fifth largest European leasing firm with a managed fleet of 828,000 vehicles across 11 markets, including the UK.

Its ambition is to become a mobility services leader, with a fleet target of one million vehicles by 2026 and a focus on the B2B customer market. The announcement of a binding agreement for the acquisition of ALD and LeasePlan’s activities in Portugal and Luxembourg forms the first step.

Leasys will operate through different sales channels – the Stellantis network, independent brokers, direct sales and digital channels – offering “innovative mobility solutions that will provide customers with the best mobility experience”. These will span all 14 Stellantis brands and customers will include international corporates as well as small and medium enterprises and private drivers.

Products and services will range from more traditional options such as leasing to more avante-garde options such as Be Free (free exit after 12 months), Miles (pay-per-use) and Unlimited (unlimited mileage) – all are dedicated to both B2B and B2C, using a multi-brand, multi-channel approach and adopting a new ‘The choice of the New Mobility’ tagline.

Rolando D’Arco, CEO of Leasys, commented: “With the ambition to become one of the leading players in Europe, we have developed a solid and bold business plan. We are confident that our fleet will reach one million vehicles by 2026, increasing its value by 50%. Furthermore, we expect a growth of around 30% of our international organisational structure over the next three years. These numbers highlight how the combination of Leasys and Free2Move Lease is driven by a steady growth trajectory.”

A ‘driving force’ in the transition to electrification

Leasys will work to make long-term rental and operational leasing the “driving force” in the transition to electrification as it says both solutions are key in making EVs affordable.

In particular, the business sees the long-term rental sector as the ideal solution to test “eco-sustainable” vehicles, reducing the risks linked to costs and future events. It will also provide tailor-made rental solutions.

Auxiliary services include third-party, theft and accident coverage, road assistance, maintenance, tyre service, vehicle replacement and the I-CARE info-mobility service to remotely monitor the vehicle.

Fleets will also be able to manage vehicles and drive efficiencies through solutions such as the MyLeasys digital platform, which enables managers to remotely view their entire fleet. Customers can also use the Umove App to access Leasys’ entire ecosystem of products and mobility services, while charging solutions will factor big in the service portfolio.

Crédit Agricole Consumer Finance announces takeover of FCA Bank and Drivalia

Crédit Agricole Consumer Finance has also become a 100% shareholder in the capital of FCA Bank with the ambition of making it a pan-European leader in car financing, leasing and mobility, with a target of €10bn in outstandings by 2026.

Stéphane Priami, CEO of Crédit Agricole Consumer Finance, said: “I am proud to see the teams of FCA Bank and Drivalia fully joining us. This acquisition will enable the Crédit Agricole Group to have, with the new FCA Bank, an innovative tool to serve all players in the mobility market (cars, motorcycles, leisure vehicles, boating, etc.) at pan-European level, including white label, with a complete and operational offer.”