Wheels Receives ‘Significant’ Investment

By Staff Writer June 30, 2024

Wheels, a leading fleet management company in North America, has received a significant minority investment from Marubeni Corporation and Lithia & Driveway. The strategic investment aligns Wheels with notable players in the mobility space as it continues to innovate, building upon its best-in-class product offerings to corporate clients. As the pioneer in fleet leasing and services, Wheels recognizes that the automotive industry is constantly evolving and welcomes the deep industry knowledge that Marubeni and Lithia collectively contribute to our business.

“We are excited to receive the backing of two highly sophisticated investors,” Shlomo Crandus, the CEO of Wheels, said. “Our clients are always at the heart of everything we do, and that will continue as we innovate and grow with Marubeni and Lithia. While Wheels operates as a fleet management company today, the legacy business began in 1939 from an auto dealership, so we have a deep appreciation for the world-class business that Lithia has built and its dedication to customer satisfaction. We look forward to the strategic partnership and collaborative thinking with both Marubeni and Lithia.”

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Last modified on Monday, 08 July 2024 11:48