Flease Raises €13 Million to Bring Circular-Economy Vehicle Leasing to French Enterprise Fleets

Flease, a Lyon-based company founded about five years ago by Vincent Dreyfus and Constantin Eliard, has raised €13 million (roughly US$14.3 million) in a growth round led by Partech Impact, Partech's dedicated impact growth fund . The capital will fund an accelerated commercial rollout across France, with no immediate plans for international expansion .

What is Flease?

Flease describes itself as "the first SaaS platform for reconditioned company car leasing" and positions its offering as a circular-economy alternative to traditional long-term rental (known in France as location longue durée or LLD) . Rather than financing new vehicles, Flease sources nearly-new and reconditioned cars, extending their useful life and reducing manufacturing waste .

How much funding did Flease secure and who led the round?

The company closed a €13 million round (approximately US$14.3 million) on June 23, 2026 . The round was led by Partech Impact, the growth impact fund of Paris-based venture capital firm Partech . Some sources reference a post-money valuation of roughly $87 million, though this may reflect an estimated or prior figure . Flease had previously raised €520,000 from business angels in April 2021 and completed €2.5 million in debt .

What does Flease's solution offer enterprise clients?

Flease provides a telematics-driven fleet management platform bundled with reconditioned vehicles . Key features include:

• Flexible leasing terms: Long-term rental (LLD) from 24 to 50 months and medium-term rental (LMD) from 1 month, with fast delivery and transparent pricing .
• Automated fleet management: A software layer that handles fleet operations, maintenance tracking, and lifecycle management .
• Telematics integration: Real-time vehicle data (mileage, usage, maintenance needs) to optimize fleet performance and reduce total cost of ownership .
• Sustainability angle: Reconditioned vehicles lower manufacturing waste and CO₂ impact, aligning with corporate ESG goals .

The company claims its customers save an average of 20% on their total cost of ownership compared to traditional long-term rental .

What are Flease's expansion plans?

The €13 million round is earmarked for accelerated commercial deployment across France . The company plans to scale its enterprise customer base within France, targeting corporate fleet buyers, and expand its SaaS platform reach . It also intends to invest in technology and team growth to deepen its telematics and fleet management capabilities . No current reporting points to immediate plans for international expansion; the focus is on strengthening Flease's position as a challenger to traditional LLD players in the French corporate fleet market first .