Santander and Uber agree European fleet financing deal
- Perry Richardson
- 1 hour ago
- 2 min read
Banco Santander and Uber Technologies have agreed a new financing programme designed to support the growth of Uber’s leading fleet operators across Europe.
The scheme will run for three years and is aimed at professional operators seeking flexible funding to invest in fleet expansion and modernisation. Financing will be deployed according to operator onboarding, market demand, risk assessment and country-specific factors.
Uber said the agreement is intended to support its long-term growth strategy in Europe, where fleet partners play a key role in maintaining ride availability in markets such as Spain, Germany and Italy.
The companies said the funding structure could also help prepare operators for the future integration of autonomous vehicle technology, as urban mobility models continue to change.
The three-year programme will support professional Uber fleet operators across key European markets including Spain, Germany and Italy.
Uber has developed long-term relationships with fleet operators in several European markets, providing technology, demand generation and operational insight to support performance and growth.
Ana Botín, Executive Chair of Santander, said: “Santander is delighted to support Uber in this next step of growth. By expanding access to financing for professional fleet operators across European markets, this collaboration will support growth and service quality at scale. Uber has built a highly successful platform, and it is great to be working with Dara and his team on this important initiative.”
Dara Khosrowshahi, CEO at Uber, said: “Through this collaboration with Santander, we are expanding access to competitive, scalable financing for fleet operators across key European markets. This initiative will help our partners renew and upgrade their vehicles, operate more efficiently, and continue meeting strong rider demand. It also lays important groundwork for our autonomous vehicle expansion strategy across Europe.”
