Leasys and the European Investment Bank (EIB) are putting €600 million into zero-emission vehicles across Europe. The Pan-European Clean Fleet Transport project will deploy 24,000 electric vehicles in 10 countries including Italy, France, Germany, Spain, and Portugal, the EIB announced. Each institution is contributing €300 million to expand Leasys’ EV offering and push wider market adoption of clean mobility.
The deal marks the first financing agreement between the two institutions. Leasys—a joint venture between Stellantis and Crédit Agricole Personal Finance & Mobility—plans to use the money to speed up the shift to cleaner transport options for both corporate and private customers. The fleet will perform substantially above current market averages, cutting emissions, improving air quality, and reducing noise in cities.
“Supporting clean transport is central to the EIB’s climate goals,” said EIB Vice-President Ambroise Fayolle. “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.”
He called backing companies like Leasys a good way to support Europe’s transition to a low-carbon economy.
The project aims to make electric vehicles more accessible and practical for businesses and individuals across key European markets. By expanding the availability of zero-emission vehicles through leasing and rental, the initiative helps overcome one of the main barriers to EV adoption—upfront costs.
Andrea Bandinelli, Leasys CEO, said the financing lets the company respond more effectively to growing demand for zero-emission mobility.
“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,” he said.
The project also supports the development of Europe’s clean-mobility value chain, encouraging innovation and wider EV adoption across the continent.
