Arval strategically focuses on ‘360-degree mobility solutions’
Arval International, the leasing branch of French international banking group BNP Paribas, has unfolded on Tuesday its ‘strategic plans’ for the next five years. It is resolutely opting for a new business plan focusing on ‘sustainable mobility solutions’ and integrating the leasing car.
And this should be preferable an electric one, eventually combined with or replaced by an e-bike, e-steps, or electric scooters. To tackle the ‘range anxiety’ of its clients hesitating to go electric, it will include an offer to have a classic ICE car for several weeks to go on holiday, among others.
The leader in sustainable mobility
Arval says it will offer ‘360-degree solutions’ incorporating electric bikes, car sharing, and micro-mobility, and push electric leasing cars. This should take the company from a full-service leasing company to become ‘the leader in sustainable mobility’. According to Arval, three out of four European companies look into alternative mobility options for their employees.
The objective is to have a fleet of two million lease cars by 2025, of which half a million ‘electric’ cars, hybrids, and BEVs combined. That should result in a 30% reduction in Arval’s fleet’s average CO2 emissions, and a 10% decrease in its overall accident rate.
A fleet of 2 million cars
In 2019, Arval managed a fleet of 1,3 million cars. The company could expand its fleet by 7,4% in the last five years and, despite the corona crisis, even by 6,6% in September of this year. It employs some 7 000 people in 30 countries.
The Belgian CEO and Chairman of Arval International, Alain Van Groenendael, told the AFP news agency in an interview that “clients are asking to help them reduce CO2 emissions and enlarge the pallet of mobility services”. The part of diesel cars should decrease from more than 50% now to 30% by 2025, Van Groenendael says.
Arval tends to make its ‘360-degree sustainable offer’ by centralizing those sustainable options into a single MaaS app (Mobility as a Service). While the leasing sector is resisting the crisis well, for the time being, the CEO is convinced that teleworking will change practices profoundly.