Brussels-based LIZY, a company specialised in car rentals for SMEs and professionals, announced on Friday that it has secured €11.5M in a fresh round of funding from D’Ieteren, Alychlo, NewAlpha Asset Management, and Welvaartsfonds.
The company will use the funds to accelerate its growth and expand its workforce.
The traditional model of car ownership can be burdensome and inflexible, especially for individuals and businesses seeking dynamic mobility options.
Here’s where Belgian startup comes into play!
LIZY: Simplifying car leasing
Founded by Sam Heymans and Vincent Castus in 2019, LIZY simplifies the entire car leasing process from selection to delivery. Through its platform, the company aims to eliminate the hassle typically associated with acquiring company vehicles, offering a user-friendly experience for clients.
The company has a stringent quality assurance process in place that involves thorough inspections conducted by specialists, covering over 100 checkpoints.
At present, the company offers — operational renting and financial renting options.
Operational renting consists of paying a monthly rental fee for the usage of the vehicle. Throughout the contract, the car remains the property of the leasing company, and upon contract expiration, it is returned.
In contrast, financial renting includes a purchase option at the end of the lease period. Upon completion of the contract, individuals have the opportunity to acquire ownership of the car by paying a predetermined amount.
Over the last two years, the company has witnessed remarkable growth, witnessing a twelvefold increase in revenue. Currently, the company works with 3,500 B2B customers.
At present, the company offers a selection of over 1,000 cars available online, catering to customers in both Belgium and France.
01
From port to startup fort: How Lars Crama is ‘Making it Happen’ in Rotterdam