Turin, 11th November 2020

FCA Bank’s subsidiary Leasys confirms its ambitions to operate as a 360-degree mobility pioneer in Europe and reaches a new and important milestone with the acquisition of Drivalia Car Rental in Spain.

The two groups finalized an agreement for the sale of 100% of the shares in Drivalia Car Rental to Leasys.

Drivalia Car Rental is one of the most dynamic companies in the short-term rental and mobility sector in Spain with a very high quality and reputation in terms of customer satisfaction, offering innovative products such as Drivalia Ultimate which increase transparency avoiding hidden extra costs to customers. The mobility system developed by Drivalia Car Rental allows companies, professionals and private customers to manage all the aspects related to their short-term rentals, including online reservations and payments.

With the acquisition and the upcoming rebranding of Drivalia Car Rental, FCA Bank further expands its activities in the new mobility arena through Leasys – a market leader in Italy and one of the main mobility and rental operators in Europe – confirming its major role as a 360-degree mobility player also in Spain. Leasys aims to consolidate its presence in the country (where it is already ranked in the Top 10 of the long-term rental providers) and to expand its range of innovative products.

“The signing of this agreement continues to strengthen our role as 360-degree mobility leader in Spain and Europe” commented Giacomo Carelli, CEO of FCA Bank S.p.A. and Chairman of Leasys S.p.A. “Drivalia Car Rental delivers excellence in short-term rental and will enable us, through Leasys, to play an even more important role as a global and integrated player in the new mobility arena – especially addressed to hybrid and electric vehicles, thanks to the renewed automotive range of FCA – expanding the fleet and the innovative services for our customer base”.

“The takeover by FCA Bank’s Leasys is a wonderful opportunity for Drivalia Car Rental members. It will give our teams new means to continue the work carried out since the company was formed, whether in terms of innovation, services or IT developments” commented Francisco Marcos, President and founder of Drivalia Car Rental.

Active in Spain since 2017, Leasys Spain (FCA Bank Group) has benefited from a twenty-year experience in long-term rental gained through FCA Dealer Services Spain, its predecessor company. This debut was marked by the launch of the fully digitalized BE FREE, the innovative long-term rental solution that disrupted mobility for private customers, through the creation of a complete offering at competitive prices, without deposits and most of all without penalties for early terminations. Under the leadership of Country Manager Raúl García, Leasys Spain grew by a further 10% last year.

Already active in 8 European countries (will be 12 at the beginning of 2021) in the long-term rental and integrated mobility sector, Leasys, a subsidiary of FCA Bank, also provides short and medium-term car rental services in Italy, France and, as of today, Spain through its own subsidiaries, as well as in the rest of Europe through FCA’s dealer network. It intends open new subsidiaries in this segment in other two countries in 2021 and to reach a total fleet of 400,000 vehicles by the end of the same year, up from approximately 350,000 of today. The company will also open 800 new Leasys Mobility Stores by the end of 2021, growing from over 400 of today to 1,200 throughout Europe. The Leasys Mobility Stores provide a full range of mobility services and an extensive network of EV charging stations to support the electrification of Fiat Chrysler Automobiles’ new vehicles.

In this context, FCA - with its Leasys and e-Mobility divisions - is committed to smart and sustainable mobility solutions to offer immediate advantages to customers. To meet that objective, FCA has developed a comprehensive “ecosystem” that brings together partners, products and services across markets to involve and simplify the entire customer experience by taking a completely different way of looking at vehicle use and mobility in general.