Drivalia Lease Norway announces growth plans, showing a yearly fleet expansion of 6%, to 11, 000 cars within the end of 2026.

• The new rental and mobility company of the CA Auto Bank Group, born out of the acquisition of ALD Automotive’s operations in Norway, announces its growth plans for the coming years.
• The Norwegian subsidiary, led by Dag Fraurud, will initially focus on operational leasing and fleet management. The company aims to build up a fleet of 11,000 cars (a yearly expansion of 6%).
• Drivalia will review opportunities to expand also in the short- and medium-term rental business, as well as car subscription plans in Norway.

The company announces its growth plans for the coming years. Drivalia Lease Norway’s offerings will initially focus on operational leasing and fleet management, consolidating its current business volumes, which allowed it to achieve a leading position in the Norwegian market The acquisition of the business in Norway by a company with the financial strength and ambitions of CA Auto Bank will support Drivalia in further strengthening its position and in achieving its ambitious growth plans for the Norwegian market . In line with the Group’s European strategy, Drivalia Lease Norway is also evaluating opportunities to expand its operations, which could include subscription products, car sharing and a short-term rental business.

“Our goal is to democratize green mobility, making it accessible to the general public. We plan that, by 2030, 80% of the new vehicles in our total fleet will be green” said Giacomo Carelli, CEO of CA Auto Bank and Chairman of Drivalia.

“The launch of Drivalia’s solutions in Norway represents an important step in our pan-European growth strategy. Our goal is to become one of the leading players in the new mobility sector, with a strong focus on new energy vehicles” says Paolo Manfreddi, CEO of Drivalia “To achieve this, we are investing to strengthen our fleet in Europe, which is set to expand to 300,000 vehicles by 2026, with over half of them consisting of electric and PHEV models. Furthermore, our electric infrastructure is projected to encompass 3,500 proprietary charging stations by the same year”

“We are proud to join the strong team of Crédit Agricole Group and Drivalia” says Dag Fraurud, Chief Executive Officer of Drivalia Lease Norway. “Being part of a banking group with the scale of Crédit Agricole, one of the ten largest banks in the world, will ensure that we can continue to meet our customer’s needs now and in the future. I am looking forward to an exciting journey for our customers and staff”