Features
23 avr 18

LeasePlan USA and Lyft form partnership

Two of the world’s biggest players in fleet leasing and ride hailing have teamed up to provide corporate customers with an integrated mobility service.

LeasePlan USA and Lyft have formed a partnership to integrate ride hailing into fleet finance and management services.

The two organisations say the new arrangement will streamline the management of fleet and travel spend for companies and their employees. Fleet drivers, for example, will be able to book a Lyft when their company cars are in for repair without the hassle of expense reporting.

Lyft has 1.4 million drivers across North America, and the USA accounts for 8% of LeasePlan’s total funded book value. Globally, the leasing giant operates 1.7million vehicles in 30 countries.

Jeff Schlesinger, president and chief executive officer of LeasePlan USA, said, “Our fleet clients are looking for ways to better control each aspect of their budgets, including ride hailing. Many are also incorporating policies to address the ever-changing point to point service, and they need a partner to help manage it. That’s where the LeasePlan-Lyft relationship comes in.”

The arrangement is a further step towards LeasePlan USA’s stated goal of becoming a mobility hub.

Ben Sternsmith, area vice president of Lyft Business, said, “Together with LeasePlan USA, we’re looking forward to providing thousands of organisations with better alternatives to traditional fleets – creating more flexibility and convenience, alongside better access to data. This partnership is a key step toward improving people’s lives with the world’s best transportation.”

Lyft is the fastest growing rideshare company in the United States and has recently launched in Canada. It is not yet available in Europe. Its Lyft Business division delivers dedicated transport solutions to corporate clients, including the commute to work as well as business journeys and airport transfers. It gives business travellers the choice of using a corporate credit card for each transaction at the point of sale, or opting for auto-pay, a direct billing service that delivers consolidated monthly invoices with correct project codes and employee ledgers.

Lyft has also recently announced that it will use carbon offset measures to ensure all its rides are carbon neutral. LeasePlan, too, plans to be carbon neutral by 2030.

Authored by: Jonathan Manning