Renault-backed Mobilize Financial Services completed the acquisition of a 36.6% stake in Select Car Leasing.

Renault-backed Mobilize Financial Services, an offeror of loans and services to both individuals and corporations interested in purchasing new and used vehicles, completed the acquisition of a 36.6% stake in Select Car Leasing, an independent leasing specialists for cars and vans. Financial terms were not disclosed. "As the UK’s largest and most trusted car and van leasing broker, we are delighted to formally announce this strategic partnership with Mobilize Financial Services UK.    We are excited at the opportunity this brings to accelerate our growth in 2023 and beyond and deliver best in class mobility solutions to consumers and businesses across the UK, with a particular focus on electric solutions.  This comes at a perfect time as the global electrification revolution gathers pace. We are also pleased to be joining with a multinational business to invest in and co-develop a new lease company, with all the Select brands right at its heart.   It’s a truly unique move where a broker and leasing company can feed each other and thus provide true economies of scale and value to the consumer, helping people make the seamless transition to not only electric vehicles, but also charging and home energy," Mark Tongue, Select Car Leasing Joint CEO and Founder.