FleetPartners

FleetPartners Group Limited is a vehicle leasing and fleet management services provider operating across Australia and New Zealand. The company, formerly known as Eclipx Group, was founded in 1987 and rebranded to FleetPartners in 2023, consolidating its various brands to focus on its core fleet business. It is publicly listed on the Australian Securities Exchange (ASX: FPR).

The firm serves a diverse client base, from individuals and small businesses with 1-20 vehicles to large enterprises with fleets of over 5,000. Its business model is structured around three primary markets: traditional corporate fleets, small to medium-sized enterprise (SME) fleets, and novated leasing for employees. Revenue is generated through bundled products that include vehicle financing and a suite of over 16 in-life management services, such as registration, insurance, maintenance, and fuel management.

FleetPartners offers a comprehensive range of services, including fully maintained operating leases, sale and leaseback arrangements, vehicle procurement, and salary packaging. The company utilizes a proprietary fleet management platform called 'Nitro' which provides clients with real-time data and insights to improve cost and operational efficiency. A significant area of growth for the company is in novated leasing, particularly for electric vehicles (EVs), which accounted for 53% of new novated leases in FY24, driven by government incentives.

Keywords: vehicle leasing, fleet management, novated leasing, salary packaging, heavy commercial vehicles, vehicle procurement, fuel management, telematics, accident management, sale and leaseback, fleet financing, corporate fleets, SME fleets, fleet administration, vehicle remarketing, Australia, New Zealand, EV leasing, fleet efficiency, asset management