Novuna Vehicle Solutions

What Novuna Vehicle Solutions does

Novuna Vehicle Solutions is a UK-based vehicle leasing and fleet management provider operating as a trading style of Mitsubishi HC Capital UK Plc, a private limited company authorised and regulated by the Financial Conduct Authority. The company delivers business vehicle leasing (contract hire for cars, LCVs, HGVs, forklifts, and plant/machinery), end-to-end fleet management, electric and alternative-fuel fleet solutions, and electric car salary sacrifice schemes. It has operated for over 40 years, serving UK enterprise and mid-market customers with a direct field sales and inside sales motion supported by a 6,000+ service, repair, and MOT centre network and a 3,000+ approved supplier ecosystem. Named customers span financial services, utilities, energy, construction, and property solutions, and the salary sacrifice book covers 100,000+ drivers across 40+ employer schemes with a 91% satisfaction rate.

Name

Novuna Vehicle Solutions

Legal name

Mitsubishi HC Capital UK Plc

Website

https://novunavehiclesolutions.co.uk

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Novuna Vehicle Solutions provides vehicle leasing, fleet management, and electric fleet solutions to UK businesses, operating as a trading style of Mitsubishi HC Capital UK Plc with over 40 years of experience and a 6,000+ service centre network.

Ownership category

akta.pro rank

Product category

Fleet Leasing and Management Services

NAICS

Automotive Equipment Rental and Leasing (5321), Passenger Car Leasing (532112), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Commercial Fleet Leasing & Management (Trucks/Vans/LCVs) (THADAKAD)

akta.pro secondary industries

Corporate/Enterprise Car Leasing (Closed-End/Open-End) (TLABAAAA), Alternative-Fuel Commercial Truck Leasing & Rental (EV/CNG/LNG/Hydrogen) (TLABABAN), Last-Mile Step Van & Parcel Truck Leasing & Rental (TLABABAM)

Keywords

• Vehicle leasing services
• Fleet management solutions
• Business car leasing
• Electric fleet solutions
• Commercial vehicle leasing

Headquarters

HQ city

Trowbridge

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Vehicle Leasing: Novuna provides contract hire and leasing for business cars, commercial vehicles, trucks, forklifts, plant and machinery. Revenue is generated through monthly rental payments over contract terms, with options for maintenance-inclusive packages.
2. Fleet Management Services: Comprehensive fleet management including compliance management, proactive maintenance, MOT coordination, and telematics services. Revenue generated through service fees integrated with leasing contracts or as standalone services.
3. Sale and Leaseback: Companies sell their owned vehicles to Novuna and lease them back, releasing capital tied up in fleet assets. One-time transaction revenue with ongoing lease payments.
4. Electric Car Salary Sacrifice: Employer-sponsored electric vehicle schemes where employees sacrifice salary to lease EVs. Novuna designs, promotes, and manages schemes for businesses, generating recurring revenue from scheme administration and vehicle leasing.
5. EV Charging Solutions: Workplace charging installation, EV charger maintenance, and charge point management services for fleet electrification. Revenue from infrastructure installation, ongoing maintenance contracts, and software subscription for CPMS.
6. Alternative Fuel Leasing: Leasing of hydrogen fleet vehicles and HVO (Hydrotreated Vegetable Oil) fuel solutions for fleets transitioning to lower-carbon alternatives.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Novuna Vehicle Solutions provides business vehicle leasing and fleet management services to UK companies, covering contract hire for cars, commercial vehicles (LCVs), trucks (HGVs), forklifts, and plant/machinery, plus sale and leaseback arrangements. The company also delivers electric fleet solutions including EV charging infrastructure, charge point management software, alternative fuel leasing (hydrogen, HVO), and electric car salary sacrifice schemes for employers.

Product overview

Novuna Vehicle Solutions operates as a fleet leasing and management platform offering a comprehensive suite of vehicle leasing, fleet management, and electric fleet solutions. The core portfolio consists of Business Vehicle Leasing (covering cars, LCVs, trucks, forklifts, and plant/machinery), Fleet Management (maintenance, compliance, telematics), Electric Fleet Solutions (EV charging infrastructure, hydrogen fleets, alternative fuels), and Electric Car Salary Sacrifice schemes. The platform is supported by proprietary digital tools including My Novuna Vehicle driver app and Charge Point Management System (CPMS). The company also provides supplementary services such as depot charging scheme support, commercial vehicle auction, and end-of-contract support.

Differentiator

Problem solved

Functional benefit

Brands

• My Novuna Vehicle: Customer driver web app for reporting defects, booking repairs, and managing vehicle events

Products and services

• Business Vehicle Leasing Contract hire and leasing for business cars, commercial vehicles (LCVs), trucks (HGVs), forklifts, and plant/machinery, plus sale and leaseback options for UK businesses looking to release capital from owned fleets.
• Fleet Management End-to-end fleet management services including proactive maintenance scheduling, compliance management, MOT coordination, and telematics-based real-time visibility of vehicle locations, driver behaviour, and fuel consumption.
• Electric Fleet Solutions Integrated solutions for fleet electrification covering alternative fuel leasing (hydrogen, HVO), EV charging infrastructure installation, EV charger maintenance, and charge point management for commercial fleet operators transitioning to electric vehicles.
• Electric Car Salary Sacrifice Employer-sponsored electric vehicle scheme where employees sacrifice gross salary to lease an EV, with Novuna designing, delivering, and managing the scheme for the business and providing home charge point supply and fitting.
• Charge Point Management System (CPMS) Software platform providing total visibility and control of charge point infrastructure across multiple sites, including charger reliability tracking, utilisation reporting, flexible tariff management, access control, and remote management.
• Sale and Leaseback Service that enables companies to sell their owned vehicles to Novuna and lease them back, releasing capital tied up in fleet assets while continuing to use the vehicles operationally.
• Depot Charging Scheme 2026 Advisory and delivery service supporting organisations in applying for and delivering government-funded depot charging infrastructure projects for electric vans, coaches, buses, and trucks.
• LCV Uptime Solutions Fleet uptime improvement service for light commercial vehicles, including defect reporting tools, maintenance trend analysis, and actionable insights to reduce avoidable downtime.
• Electric Car Hire Electric vehicle hire offering providing businesses with short or longer-term access to electric cars without the commitment of a full lease.
• EV Charging Solutions Comprehensive EV charging infrastructure services including workplace charging installation, EV charger maintenance, and charge point management for commercial fleet electrification.
• Hydrogen Fleet Solutions Hydrogen fuel cell HGV leasing solution offered as part of the DFT-funded Tees Valley Hydrogen Vehicle Consortium, providing an alternative fuel option for fleets requiring longer range or heavy-duty applications.

Quantifiable outcome

• 91% driver satisfaction for salary sacrifice schemes
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered minor, core and flagship.

• Fleet News (EWiF Initiative)minorGTM or Marketing Partner · 26 November 2025Co-sponsor with Sortimo and Volvo of the Empowering Women in Fleet (EWiF) initiative, championing women across the fleet sector.
• Fleet & Mobility Live EventcoreGTM or Marketing Partner · 3 October 2025Panel session participation at Fleet & Mobility Live event in Birmingham, discussing electrification, fleet management, and decarbonisation challenges.
• Bath RugbycoreGTM or Marketing PartnerThree-year partnership making Novuna Bath Rugby's first Club Sustainability Partner and Official Supplier. Supports club's sustainability ambitions, community outreach programmes, and installing charging infrastructure at facilities.
• British AthleticsflagshipGTM or Marketing PartnerTitle Partner of Great Britain & Northern Ireland Athletics and Para Athletics team. Aligns Novuna's brand values of dedication, teamwork and drive with world-class athletes.
• Quantron AGcoreTechnology or IntegrationGerman hydrogen vehicle manufacturer partner in DFT-funded Tees Valley Hydrogen Vehicle Consortium. Only leasing company in this consortium, pioneering hydrogen HGV solutions for UK fleets.
• London EnergycoreStrategic or Co-development PartnerExtended partnership to support fleet overhaul for London Energy's transition to electric vehicles.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fleet Operations Limited: UK fleet management outsourcing specialist. Competes with Novuna's fleet management arm, particularly on outsourced fleet administration, compliance, and consultancy services for mid-to-large UK fleets.
• Arval UK: UK subsidiary of Arval (BNP Paribas), one of Europe's largest full-service vehicle leasing operators. Competes head-to-head with Novuna on corporate fleet leasing, EVs, and integrated fleet management services.
• Rivervale Leasing: UK-based vehicle leasing provider offering business and personal leasing. Overlaps with Novuna on contract hire for cars and commercial vehicles, though smaller and more consumer-focused.
• Lex Autolease: The UK's largest vehicle leasing and fleet management company, owned by Lloyds Banking Group. Directly comparable to Novuna across passenger car and commercial vehicle leasing, fleet management, and salary sacrifice offerings.
• Alphabet (GB): BMW Group's fleet leasing and mobility business operating in the UK. Directly comparable on premium and corporate fleet leasing, EV fleet transition, and integrated fleet management offerings.
• Zenith Vehicle Solutions: UK-based corporate vehicle leasing and fleet management provider serving enterprise and public sector fleets. Closely comparable to Novuna on contract hire, fleet management, and EV transition services.
• LeasePlan UK (Ayvens): Major UK fleet leasing and mobility player, now part of Ayvens following the Ayvens/LeasePlan combination. Overlaps with Novuna across corporate fleet leasing, EV transition services, and multi-year contract hire.

Broad incumbents

• BNP Paribas Leasing Solutions UK: Commercial equipment and vehicle finance arm of BNP Paribas in the UK. Overlaps with Novuna on commercial vehicle, truck, and plant/machinery finance-leasing arrangements for corporates.
• Toyota Financial Services (UK): OEM captive finance arm offering vehicle leasing and fleet solutions in the UK. Competes with Novuna via dealer-channel leasing and fleet programs, leveraging Toyota/Lexus brand pull.
• Volkswagen Financial Services (UK): OEM captive finance provider for Volkswagen Group brands in the UK. Offers fleet leasing and management services that overlap with Novuna, especially on commercial vehicles and EVs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Novuna_Vehicles
• YouTubeyoutube.com/channel/UCxP24RguPPec1l4TvhD7ArQ
• Facebookfacebook.com/NovunaVehicleSolutions
• LinkedInlinkedin.com/company/novunavehiclesolutions
• Instagraminstagram.com/novunacapital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novuna Vehicle Solutions