Brussels-based LIZY has raised an additional €10 million in equity and €65 million in debt financing to underscore its ambition and accelerate the expansion of its circular electric leasing model.
The equity comes from existing shareholders D’Ieteren, Alychlo (the investment vehicle of Marc Coucke), and NewAlpha Asset Management.
“For LIZY, second-hand leasing has been the obvious choice for years,” says CEO Sam Heymans. “The electrification of the European car fleet is central to our success. Electric cars last much longer and require less maintenance. Moreover, the environmental benefits grow the longer cars remain on the road. Thanks to this new investment, we can now accelerate our international growth even further.”
Founded in 2019, by Sam Heymans and Vincent Castus. The two entrepreneurs wanted to make affordable leasing with good service accessible to smaller businesses. Today, LIZY’s focus is mainly on making electric leasing affordable for business customers. In doing so, the company aims to take the lead in making the leasing market more sustainable as it expands into France and the Netherlands.
In the traditional leasing market, the status quo is clear: for every new lease contract, a new car is produced. Once the lease contract ends, the car is sold. A second contract simply doesn’t yield enough. LIZY sees it differently.
From the beginning, the company has believed in the potential of second-hand leasing, especially for smaller customers.
With electric cars, the “one and done” model makes little sense: they last longer and require less maintenance than cars with traditional combustion engines. This makes them suitable for a second and often even a third lease cycle. For LIZY, accelerating electrification is therefore the ideal moment to shift into a higher gear.
“LIZY had clear, ambitious plans and an original vision from the start,” says Alychlo Founder Marc Coucke. “The company’s efforts are being rewarded with rapid growth and it is riding the momentum of electrification. This success stems from their strong vision and determination. For Alychlo, investing in LIZY fits perfectly with our goals: it is Belgian, sustainable, ambitious, and innovative.”
Second-hand leasing has another advantage in the context of electrification: the climate benefits.
According to the company, the largest share of CO2 emissions from a battery-electric vehicle comes from its production. The longer an electric car is used, the more its CO2 emissions are offset. This makes the ecological footprint of electric and second-hand leasing significantly lower than that of other contracts.
84% of the contracts LIZY has signed so far in 2025 have been for electric vehicles.
“Electric driving is clearly the future, but for smaller businesses, new EVs are still a major investment,” says Denis Gorteman, CEO of investor D’Ieteren. “LIZY’s second-hand model makes electric leasing accessible to more customers and thereby accelerates the transition to electric fleets in companies.”
Today, LIZY serves thousands of SMEs in Belgium, France, and the Netherlands. Meanwhile in France, the company is reportedly selling more than 3.5 times as much this year as in the same period in 2024.
“Of course, we are pleased with this recognition, but we still have plenty of work ahead of us,” concludes Heymans. “This capital enables us to promote our circular approach on a larger scale, giving companies across Europe access to high-quality, affordable, and sustainable mobility.”