Ayvens, the mobility brand created by the combination of ALD Automotive and Leaseplan, has reached a financing agreement with the European Investment Bank (EIB) to procure 19,000 electric commercial vehicles across Europe.
These electric vehicles will be primarily deployed in Germany, France, Italy, and the Netherlands, according to announcements from both the EIB and Ayvens. The EIB is providing a €350 million loan on favorable terms, matched by an equal contribution from Ayvens. The EIB considers this the organization’s first green loan for light electric commercial vehicles in Europe.
Ayvens will lease the vans to its customers. This caters to the growing demand from businesses like delivery services, trade professionals, and last-mile logistics providers. These businesses are increasingly reliant on electric delivery vans to access city centers with low emission zones. The EIB notes these zones are a key element in improving European urban air quality.
The expansion of low-emission zones, which is expected to continue through 2030, is a primary driver for the adoption of electric drives in light commercial vehicles. Despite higher initial purchase costs compared to diesel counterparts, especially for smaller businesses, electric vans are becoming more accessible. The exact vehicle models selected by Ayvens have not been specified in press releases, though a published press photo accompanying the announcement showed Fiat e-Ducatos. It remains unconfirmed whether this order will include any smaller vans.
“This new finance agreement with Ayvens demonstrates the EIB’s leading role in finding innovative financial solutions for decarbonising Europe’s vehicle fleet and the transition to a low-carbon economy,” stated EIB Vice-President Ambroise Fayolle. “We are proud to help develop the supply of electric vehicles to SMEs, which are among Ayvens’ most important customers.”
Patrick Sommelet, Group Deputy Chief Executive Officer and Chief Financial Officer of Ayvens, added, “This new co-investment contributes to the funding diversification of our activities and to our sustainability strategy. But most of all, it marks an important step forward in providing our clients accessibility to a wider range of eLCVs, at attractive prices. Ayvens plays an important role in supporting clients as they face market complexity on their electrification journey. LCVs are essential work tools, and they must remain fit for purpose regardless of the powertrain.”
