Vehicle leasing and mobility solutions provider Arval and Spain’s CaixaBank, through its subsidiary CaixaBank Payments & Consumer, have extended their partnership until 2030.
The collaboration is focused on developing customer-centric mobility solutions, with a renewed emphasis on sustainable mobility and financial product innovation.
Over the past 15 years, the alliance has facilitated the commercialisation of nearly 180,000 vehicles in Spain.
The new agreement aims to finance 200,000 vehicles by 2030, supporting mobility transformation and fleet renewal with safer, more sustainable vehicles to cut CO₂ emissions and improve urban air quality.
To achieve these objectives, Arval and CaixaBank will form a joint team dedicated to operational coordination.
The team will work on enhancing customer experience and advancing sustainable solutions, creating a robust value proposition for current and future clients.
The alliance will also continue partnerships with manufacturers and dealership networks to design competitive offers for sustainable mobility solutions.
CaixaBank's payments and consumer director Jordi Nicolau said: “This agreement with Arval allows us to move forward with our purpose of offering our customers—whether individuals or companies—a wide range of mobility solutions that are both accessible and sustainable.
“In addition, we will strengthen our work in developing innovative financial products to significantly contribute to the transformation of mobility and the renewal of the vehicle fleet in Spain.”
Arval CEO Alain van Groenendael said: “As mobility undergoes a profound transformation, our alliance is poised to drive change in Spain—fostering progress and accelerating the energy transition.”
Arval and CaixaBank’s evolution is expanding from traditional leasing to flexible and used vehicle leasing, with nearly 20,000 vehicles commercialised in 2024 alone.
The European Bank for Reconstruction and Development provided a €50m loan to Türkiye’s TEB Arval in March.
This funding will support the expansion of its electric vehicle fleet, financing the acquisition of 1,200 EVs.
"Arval and CaixaBank extend alliance for sustainable mobility until 2030" was originally created and published by Motor Finance Online, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.