Belgian LIZY Raises €75M to Scale Circular Electric Leasing

Brussels-based mobility scale-up LIZY has secured €75 million in new funding. This round included €10 million in equity and €65 million in debt financing. Existing shareholders D’Ieteren, Alychlo, and NewAlpha Asset Management provided the equity. The capital accelerates the expansion of LIZY's circular electric leasing model across Europe.

Founded in 2019 by Sam Heymans and Vincent Castus, LIZY initially aimed to make affordable leasing accessible to smaller businesses. Today, the company focuses on making electric leasing affordable for business customers. Furthermore, LIZY champions circular electric leasing, extending the lifespan of electric vehicles.

Expanding Circular EV Leasing

Electric cars last longer and require less maintenance than traditional combustion engines. Therefore, they suit second and even third lease cycles. LIZY's model directly counters the traditional "one and done" approach common with companies like LeasePlan or ALD Automotive. Consequently, the company's efforts reduce the overall carbon footprint of vehicle use.

Over 84% of LIZY's 2025 contracts involve electric vehicles.

LIZY currently serves thousands of SMEs in Belgium, France, and the Netherlands. Meanwhile, its French operations report a 3.5-fold increase in sales this year compared to 2024.