Flease Raises €13M for Sustainable Fleet Leasing

Paris, France – Flease, a trailblazer in the reconditioned vehicle leasing sector for businesses, has successfully closed a significant funding round totaling €13 million. The investment was spearheaded by Partech Impact, the growth impact fund of venture capital firm Partech. This capital infusion is earmarked to solidify Flease's dominance in the B2B reconditioned vehicle leasing market and fuel its expansion to accommodate the escalating demand from French enterprises, from burgeoning SMEs to extensive corporate fleets.

Founded five years ago in Lyon, Flease has carved out a niche by offering a flexible and environmentally conscious approach to corporate vehicle acquisition. Their model centers on adaptable leasing agreements, ranging from one to fifty months, utilizing vehicles that are either nearly new or have undergone thorough reconditioning. A cornerstone of their operational efficiency is a sophisticated, telematics-driven fleet management platform. This technology provides real-time insights into vehicle usage, fuel consumption, and maintenance schedules, empowering fleet managers to meticulously control Total Cost of Ownership (TCO) while simultaneously driving down operational expenses.

“Our platform equips fleet managers with unparalleled visibility and streamlines daily operations. Our core tenets are flexibility, transparency, and rapid deployment,” stated Vincent Dreyfus, co-founder of Flease. The company serves a diverse clientele, including notable names like Fill up Media, Pennylane, Seris, and Belambra Clubs. Flease operates within a dynamic automotive market, significantly influenced by the ongoing energy transition, the proliferation of diverse powertrain technologies, and evolving work paradigms. Consequently, finance departments and Corporate Social Responsibility (CSR) managers are actively pursuing mobility solutions that are not only sustainable and agile but also transparent.

The newly acquired funding will be instrumental in accelerating Flease's commercial outreach and bolstering its operational and financial infrastructure. This strategic move will enable the company to extend its premium leasing services to a broader spectrum of enterprise fleets. “We are now equipped to manage fleets of all sizes, from a handful of vehicles to hundreds, without compromising our high service standards or operational effectiveness, all while preserving our distinctive flexibility,” added co-founder Constantin Eliard.

Flease's mission aligns perfectly with Partech Impact's investment thesis. The firm recognizes Flease's transformative impact on the B2B leasing value chain in France, offering a sustainable, cost-effective, and superior service alternative. Flease is positioned as a pivotal contributor to the automotive sector's circular economy initiatives. Arnaud Minvielle and Rémi Said, General Partners at Partech Impact, commented, "This dynamic and talented team is revolutionizing the leasing sector in France. We were impressed by the quality of execution, the clarity of vision, and the innovative nature of Flease’s offering, led by Vincent and Constantin. We look forward to supporting them as they scale into a sustainable leader in the French leasing market.”

This significant investment reinforces Flease's standing as a compelling alternative to established leasing providers in the corporate fleet arena. The company joins a growing cohort of European innovators redefining business mobility through enhanced flexibility, transparency, and operational efficiency. The broader market for fleet management solutions is projected to grow substantially, driven by increasing fleet electrification and the demand for integrated digital management tools, a trend Flease is well-positioned to capitalize on.