Lyon-based Flease has raised €13M in a round led by Partech Impact to scale its reconditioned-vehicle leasing platform for enterprise fleets.
The company manages over 2,000 vehicles and is the only independent player in a French corporate fleet market of 1.3 million vehicles.
Each vehicle Flease leases saves approximately 0.7 tonnes of CO₂ compared with a new vehicle lease, according to co-founder Constantin Eliard, who spoke to TFN ahead of today’s announcement.
France’s corporate fleet market has 1.3 million vehicles and is almost entirely controlled by subsidiaries of banks and car manufacturers. ALD is owned by Société Générale. Arval is owned by BNP Paribas. None of them was built for a mid-market company that wants a refurbished vehicle on a flexible contract, delivered quickly and managed through a digital platform.
That is the gap Lyon-based Flease has spent five years building into a business, and today it announces a €13 million Series A in funding led by Partech Impact to scale it. The round brings total funding to approximately €16 million, following earlier rounds of €500,000 and €2.5 million. TFN spoke exclusively to co-founder Constantin Eliard ahead of the announcement.
