Participated · Equity · Oct 2022

LIZY offers circular electric leasing that re-leases electric vehicles for second or third leasing cycles, targeting smaller businesses. Founded in 2019 and based in Brussels, it has expanded into France and the Netherlands. The company doubled its headcount to 60 and achieved a +100% increase in turnover by 2024. LIZY argues electrification makes multi-cycle leasing viable because electric vehicles last longer and require less maintenance, increasing environmental benefits as vehicles are used for longer. Management says the new financing will let it roll out its concept faster internationally and promote its circular approach across Europe. Investors and founders have framed the company's original positioning and ambition as drivers of its strong growth. Lizy is a Brussels-based startup that streamlines leasing of second-hand vehicles for solo entrepreneurs, freelancers and small business owners. The platform emphasizes shorter contracts and lower fees to make leasing more accessible. To date about 1,500 companies across Belgium have leased vehicles using Lizy's platform. The company secured a €40 million financing package comprising around €8.5 million in equity and €32 million in debt to boost growth. Investors in the package include Alychlo (the family investment company of Marc Coucke), D'Ieteren Group and VC firm New Alpha. Lizy is planning international expansion across Europe, targeting France, Germany and the UK.