Stellantis leasing subsidiary Leasys has signed a new financing agreement with the European Investment Bank (EIB) to accelerate the rollout of battery-electric vehicles across Europe, as part of a broader push to support clean transport and reduce emissions.
Under the agreement, the EIB will provide a €300 million credit facility, matched by an equal investment from Leasys, bringing total funding for the “Pan-European Clean Fleet Transport” project to €600 million. The financing will support the deployment of around 24,000 zero-emission vehicles in 10 European countries, including Italy, France, Germany, Spain and Portugal.
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Leasys plans to use the funding to expand its electric vehicle portfolio, leasing battery-electric models to corporate and private customers, with a particular focus on high-mileage fleet users. Electric vehicles remain more expensive to purchase than internal combustion engine models in many segments, although price parity with plug-in hybrids is emerging in newer offerings.
The company said the project is expected to deliver environmental benefits by reducing emissions, improving urban air quality and lowering noise levels, driven largely by intensive fleet usage. Leasys added that the initiative would also support the development of Europe’s clean mobility value chain, including the use of electric vehicles manufactured by Stellantis in Europe, some of which already incorporate locally produced battery cells.
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“We are proud to strengthen our collaboration with the EIB through an agreement that accelerates the deployment of a modern, competitive and fully electric fleet across Europe,” Leasys Chief Executive Andrea Bandinelli said. “This financing enables us to respond more effectively to the growing demand for zero-emission mobility from businesses and private drivers across our markets.”
The EIB said the agreement aligns with its climate and sustainability objectives. “Supporting clean transport is central to the EIB’s climate goals,” EIB Vice-President Ambroise Fayolle said. “Rental and leasing companies, which manage millions of vehicles and regularly refresh their fleets, are uniquely positioned to drive the electrification of Europe’s vehicle fleet.”
