Drivalia secures €48 million EIB financing to boost electric mobility in Italy and Finland
Rome-based mobility company Drivalia, part of Crédit Agricole Auto Bank, has signed a €48 million financing agreement with the European Investment Bank to support electric mobility in Italy and Finland. The funds will deploy nearly 2,900 new battery electric vehicles, reducing CO₂ emissions.
Drivalia, a Rome-based rental and mobility company belonging to the Crédit Agricole Auto Bank (CAAB) group, and the European Investment Bank (EIB) have signed a €48 million financing agreement. The deal will enable Drivalia to put nearly 2,900 new battery electric vehicles (BEVs) into circulation, targeting companies and freelancers in Italy and Finland through long-term rental contracts.
According to EIB estimates, the project will reduce greenhouse gas emissions by approximately 3,000 tonnes of CO₂ per year compared to a similar fleet of conventional internal combustion engine vehicles. Roberto Sportiello, CEO of Drivalia, stated that the company is proud of this agreement, which represents a milestone towards democratic, zero-impact mobility. The financing will accelerate the electrification of corporate fleets in both countries.
Drivalia offers a full range of mobility solutions, from electric car sharing to innovative car subscriptions and rentals. The company operates in 16 European countries with a fleet of about 216,000 vehicles. In June 2019, it inaugurated its network of Mobility Stores, with the first fully electrified store opening at Turin Caselle airport in 2020. Currently, over 1,900 charging points are installed across all stores.
Earlier this month, Drivalia announced CarCloud 2027, an evolution of its monthly car subscription allowing customers to book now and activate from September. Last month, it launched Drive to Buy, a long-term rental product that lets customers rent a car and, if Drivalia decides to sell the vehicle, buy it at a predefined price after the rental term.
EIB Vice-President Gelsomina Vigliotti emphasised that the adoption of electric mobility is essential for Europe's energy transition. This operation supports a project that accelerates the deployment of zero-emission vehicles in two markets with very different dynamics, contributing to EU climate goals.
