CaixaBank and Arval to market 200,000 vehicles in Spain by 2030

CaixaBank, through its subsidiary CaixaBank Payments & Consumer, and Arval, a global leader in vehicle leasing and mobility solutions, have announced the renewal of their long-standing partnership through 2030.

This extension marks two decades of collaboration aimed at transforming mobility in Spain and promoting the adoption of cleaner, safer, and more sustainable vehicles.

Since the beginning of their alliance in 2010, the partnership has resulted in the commercialisation of nearly 180,000 vehicles and built one of the largest leasing fleets in Spain, now exceeding 70,000 vehicles.

With the renewed agreement, the two entities have set a bold target: to finance and market 200,000 vehicles over the next five years, accelerating the shift toward sustainable mobility nationwide.

Driving innovation in sustainable mobility

The 2025–2030 agreement focuses on innovating financial products and expanding customer-centric solutions to make eco-friendly transportation more accessible. Key to this effort is supporting the transition to electrified vehicles and renewing Spain’s vehicle fleet with safer, lower-emission alternatives that enhance urban air quality.

Jordi Nicolau, Director of Payments & Consumer at CaixaBank, highlighted the strategic importance of the partnership: “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. This progress will also facilitate the adoption of new technologies, such as electrified vehicles, which play an essential role in the energy transition. Likewise, we will continue to consolidate our network of strategic alliances to offer services that address the current challenges of the sector.”

“Through continuous learning and deepening cooperation, we’ve laid the groundwork for even greater achievements in the next five years. As mobility undergoes a profound transformation, our alliance is poised to drive change in Spain – fostering progress and accelerating the energy transition.”

The partnership originated in 2010 with the integration of CaixaRenting’s business into Arval. It was renewed in 2020 and has since weathered critical challenges, including the COVID-19 crisis and natural disasters like the DANA storm in Valencia, by demonstrating agility and customer focus.

A coordinated approach for the future

Under the renewed agreement, CaixaBank and Arval will form a joint operational team to optimise coordination and customer experience. The alliance also aims to create a more competitive and accessible offer by working closely with automotive partners, manufacturers, and dealer networks.

The partnership is evolving beyond traditional leasing to include flexible and used vehicle leasing, with electrified vehicles already representing 47% of new production and 17% of the fleet as of 2025. In 2024 alone, nearly 20,000 vehicles were commercialised under the program.

Innovations launched in recent years include personalised leasing models for electric vehicles and an integrated platform for selling and leasing used cars, complete with tailored financing options.