EIB backs Drivalia with €48 million to expand electric mobility in Italy and Finland
The European Investment Bank (EIB) and Drivalia, a company of the Crédit Agricole Auto Bank (CAAB) group, have signed a €48 million financing agreement to support the development of electric mobility in Italy and Finland, according to a press release by the EIB. The agreement was announced in Rome by Gelsomina Vigliotti, Vice-President of the EIB, and Roberto Sportiello, CEO of Drivalia. The financing will enable the deployment of approximately 2,900 zero-emission electric vehicles for businesses in both countries. According to EIB estimates, the project will cut greenhouse gas emissions by approximately 3,000 tonnes of CO₂ per year compared to a similar fleet composed of conventional internal combustion engine vehicles. The operation reinforces the shared strategies of the EIB and the CAAB group toward more sustainable mobility.
Drivalia currently operates in 16 European countries with a fleet of approximately 216,000 vehicles. The company offers a complete range of mobility solutions, including rentals of all durations, monthly car subscriptions, and electric car sharing. Its integrated management of business lines allows vehicles to be allocated to the most suitable services throughout their usage cycle. This approach has positive effects on overall efficiency and residual value. The EIB serves as the EU climate bank, supporting projects aligned with Europe’s environmental goals.
The EIB financing will allow Drivalia to put approximately 2,900 new battery electric vehicles (BEVs) into circulation. These vehicles are destined for companies and freelancers in Italy and Finland through long-term rental contracts. The investment is part of the expansion of Drivalia’s offering across European markets. It also advances the progressive increase of the electric and plug-in hybrid component within the company’s fleet. The agreement aims to accelerate decarbonization in the transport sector.
“The adoption of electric mobility is an essential component of the energy transition in Europe,” declared Gelsomina Vigliotti, Vice-President of the EIB.
She added that with this operation, the EIB is supporting a project that accelerates the deployment of zero-emission vehicles in two markets with very different dynamics. The initiative contributes to the achievement of European climate goals while offering new sustainable solutions to businesses. Roberto Sportiello, CEO of Drivalia, said the company is proud of the agreement, describing it as an important milestone on its journey toward democratic, zero-impact mobility. He noted that the financing will help accelerate the electrification of corporate fleets in Italy and Finland.
Drivalia inaugurated its network of Mobility Stores in June 2019, offering physical outlets for its mobility services. In 2020, the company launched its first fully electrified Mobility Store at Turin Caselle airport, followed by many others. With over 1,900 charging points currently installed across all Stores, it boasts the largest private electrified network in Italy. During 2026, the electrification project will continue across the European countries where Drivalia operates. The EIB Group, owned by the 27 EU Member States, signed €100 billion in new financing in 2025 to support more than 870 high impact projects.