LIZY, a Brussels-based startup specializing in car rentals for SMEs and professionals, has announced a new funding round of €11.5M. The investment comes from D’Ieteren, Alychlo, NewAlpha Asset Management, and Welvaartsfonds, aimed at fueling the company’s growth and expanding its team.
Founded in 2019 by Sam Heymans and Vincent Castus, LIZY simplifies the car leasing process from selection to delivery, offering a hassle-free experience for acquiring company vehicles. The company’s platform ensures a user-friendly experience for clients, backed by a stringent quality assurance process that includes thorough inspections covering over 100 checkpoints.
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Offering Flexible Leasing Options
The company from belgium provides two main leasing options: operational renting, where clients pay a monthly fee for vehicle use while the car remains the property of the leasing company, and financial renting, which includes a purchase option at the end of the lease period, allowing clients to own the car by paying a predetermined amount.
Remarkable Growth and Expansion
Over the past two years, LIZY has experienced a twelvefold increase in revenue, now serving 3,500 B2B customers. The company offers a selection of over 1,000 cars available online, catering to customers in both Belgium and France, demonstrating significant progress in its mission to redefine car leasing for businesses.
With this latest funding round, the startup is set to further accelerate its growth, enhancing its platform and services to meet the dynamic mobility needs of SMEs and professionals across Europe.
