Electrolease: New Entrant on the Market for Full-Electric Long-Term Leasing for Businesses
FACTS
- Axialease (SWS group) –leasing company focusing on corporate equipment– unveils a new subsidiary specialising in long-term leasing offers applied to electric cars for corporate customers.
- Electrolease features rental services for all full-electric means of transport (trucks, buses, motorbikes, bikes, cars), excluding hybrid and combustion engines.
- In order to meet their promise, Electrolease has agreements in place with car makers ChargePoint charging stations operators.
- Their leasing contracts cover private and business use, including tyres, maintenance, insurance and assistance.
- Electrolease may also feature their offers via partner car dealers.
Key Figures
- €65M turnover for Axialease
- Contract: 12 to 60 months
- Mileage max.: 120,000 km
- Goals for 2020: 200 vehicles leased & threefold growth in 2021 & 2022
CHALLENGES
- Making way for new perspectives. Until recently, SWS group provided SMEs with other goods for rental (e.g.: IT and office equipment, industrial, medical or telecom equipment).
- A French first. Electrolease will be focusing on renting electric vehicles: a market first in France. Other full-electric services already emerged (Blooweels, for instance) but short-term rental periods apply.
MARKET PERSPECTIVE
- With this offer, Electrolease features a hybrid contract merging long-term leasing and car subscription. Their contracts cover all needs to do with car use and are further enhanced through their partnership with ChargePoint.
- This agreement plans that charging stations be provided and maintained: the dedicated contract is actually built in the car leasing subscription.