LeasePlan and Arrival sign partnership to bring revolutionary electric vans to European cities
Amsterdam & London/ July, 2021 - LeasePlan, one of the world`s leading Car-as-a-Service companies, and Arrival, (NASDAQ: ARVL) the global technology company creating electric vehicles (EVs) with its unique technologies, announce that LeasePlan will be the preferred operational leasing partner for Arrival electric vans. The partnership is based on an initial order of 3,000 vans, with the sales agreement expected to be finalised in Q3 2021.
Arrival accelerates the mass adoption of EVs at scale globally by producing affordable commercial vehicles, with a substantially lower Total Cost of Ownership (TCO). This is enabled by Arrival’s unique new method of design and production in rapidly scalable Microfactories which utilises the company’s in-house technologies, including materials, software, hardware and robotics.
LeasePlan has a global fleet of approximately 1.9 million vehicles and is one of the world’s leading providers of delivery vans-as-a-service – nearly 1 in every 4 LeasePlan vehicles is an LCV (Light Commercial Vehicle). LeasePlan’s ambition is to achieve net zero emissions from its funded fleet by 2030.
Arrival (NASDAQ: ARVL), a joint stock company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg, is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1,900 global employees located in offices across the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first four microfactories in North Carolina, USA, South Carolina, USA, Bicester, UK and Madrid, Spain.
LeasePlan is a global leader in Car-as-a-Service, with approximately 1.9 million vehicles under management in over 30 countries. LeasePlan purchases, funds and manages new vehicles for its customers, providing a complete end-to-end service for a typical contract duration of three to four years. With over 50 years’ experience, LeasePlan's mission is to provide what’s next in sustainable mobility so our customers can focus on what's next for them. Find out more at www.leaseplan.com/corporate