Arval reveal e-Bike employee lease scheme

Arval has revealed what it claims to be the UK’s first product that enables employers to offer leased, zero-emission e-Bikes to their staff, during the COP26 summit in Glasgow.

Initially offered through a group of 20 employers with which Arval already has employee car leasing schemes in place, the company has adapted to allow for e-Bikes to be leased as well.  The scheme is also available for Arval’s own employees.

Paul Hyne, Arval UK’s Commercial Director said: “COP26 is making sustainability headline news. We’re all thinking of how we can reduce our impact on the environment and giving employees across the country easier access to both a zero-emission and affordable means of travel via an e-Bike is more important now than ever before.

“With e-Bikes costing from around £500-£5,000 or more, leasing helps employees to spread the cost at a monthly rate they can afford, something that we believe Arval is the first to offer in this manner in the UK.

“The proposition we have developed is very much designed to sit alongside cars leased by employees. Our view is that businesses and their staff will increasingly be looking at a wider selection of mobility solutions and that a car – potentially an Electric Vehicle – and an e-Bike will each be the right solution at different times. However, people will also be able to lease an e-Bike on its own.

“We’ve drawn on intelligence from our global network, where Arval entities in other countries are successfully offering similar products to their customers, so we feel it’s a good first step here to test the British appetite for e-Bikes for work-related or leisure travel.”

Arval has partnered with two leading providers to supply and deliver bikes including mountain, commuter and folding models, as well as the option to add insurance.

Hyne added: “Initially only offering e-Bike leasing to our own employees gave us great insight and feedback, which has now enabled us to launch the scheme to our customers with corporate personal contract hire available for employees – the interest since launch has been fantastic.”

Additionally, the company operates similar schemes in Belgium, the Netherlands, France and other European countries. In the UK, employees can choose from a range of models which are typically leased over three years at a set monthly rate.

Employers who are interested in offering e-Bike leasing in the future can find out more information by emailing arvalforyou@arval.co.uk or visiting arval.co.uk/manage-fleet/for-employees/ebikes.