New leasing service Fleet Electric is aiming to offset more CO2 and greenhouse gases than are generated by the production and lifecycle of every vehicle it leases.

The company, which targets small and medium enterprises, says it is the only climate positive vehicle leasing business in the UK and will plant trees and invest in carbon reduction projects to offset any emissions.

It will offer only plug-in vehicles and has been launched by former Mitsubishi Motors product planning manager Richard Markey and, as well as contract hire, will also offer employers a salary sacrifice solution.

The Gloucestershire-based business will also offer SMEs advice and a procurement service.

Richard Markey, managing director of Fleet Electric, said: “A large portion of businesses don’t have the luxury of a dedicated fleet or transport manager to advise their organisations of the most efficient and cost-effective way to achieve an electrified fleet.

“This is where we can provide advice and assistance in procuring a single vehicle or transitioning an entire fleet to electric in an economical and environmentally-friendly way.”

Fleet Electric will plant 100 trees for every vehicle leased, while carbon reduction projects it supports include preserving the Mesoamerican Biological Corridor in Guatemala and providing clean energy through hydropower in Kanungu, Uganda.