LIZY’s latest funding round marks another step toward its European expansion. The Brussels-based company, known for its digital platform offering pre-owned leased vehicles, has secured €75 million through a combination of debt and equity. LIZY’s capability to secure such significant investment highlights its potential and growing influence in the international marketplace for leased vehicles. Founded in 2019, the company has quickly become a key player in the leasing industry.
A previous funding round saw LIZY amassing €11.5 million, signifying its rapid ascent and investor confidence. Past investments came from notable entities such as D’Ieteren, Alychlo, NewAlpha Asset Management, and Welvaartsfonds. While the earlier round was pivotal for regional consolidation, the latest funds aim at increasing its footprint aggressively across Europe. This evolution signals a growth trajectory fueled by both past achievements and current market ambitions.
What’s fueling LIZY’s growth?
LIZY is expanding due to strategic backing from established investors and board members like Michaël Grandfils, Denis Gorteman, and more. These investors are not only facilitating financial growth but also aligning operational objectives to meet new market opportunities. The strategy involves bolstering its circular leasing approach and introducing new markets under its operational umbrella. This makes it a leading figure among Europe’s top digital leasing enterprises.
How is LIZY transforming car leasing?
LIZY simplifies leasing by handling the entire process—from vehicle selection to delivery—aiming to reduce the complexities typically associated with leasing cars. It provides a hassle-free car acquisition experience backed by a comprehensive quality assurance system. This process covers over 100 inspection points, ensuring vehicles meet high standards.
“Our focus has always been on making car leasing as seamless as possible for businesses,” said a representative from LIZY.
The company employs two main leasing options: operational and financial renting, catering to diverse client needs, from temporary usage to eventual ownership through a purchase option at the lease-end.
Over the course of 2024, LIZY projects significant financial growth, estimating EBITDA to reach €10 million. This follows a robust €4 million EBITDA in 2023, illustrating consistent business expansion. Such financial metrics place LIZY among the fastest-growing firms in Belgium, showcased by its recognition in Deloitte’s Fast 50 rankings for growth.
The digital platform currently serves over 4,000 B2B clients, suggesting scalable business development and a strong existing network. This growth is backed by substantial market demand in the regions it currently serves, including Belgium, France, and the Netherlands. Expansion plans aim at capturing additional markets, reinforcing its competitive edge.
Sector interest in car leasing and subscription models is on the rise, ameliorated by the push towards more sustainable transportation alternatives. LIZY’s emphasis on pre-owned leased vehicles aligns with this eco-friendly trend and promotes a responsible approach to vehicle usage and mobility.
“We are thrilled about our achievements and look forward to what the future holds,” a LIZY spokesperson conveyed.
Perspective on LIZY’s strategic intent suggests that ongoing investments will focus on market penetration and service diversification. Micro-mobility trends and adjustments in leasing models could potentially shape the future of vehicle leasing platforms, presenting both challenges and opportunities.
