• Volkswagen Financial Services | Fleet (VWFS | Fleet) and Beloy collaborate to deliver a driver centric salary sacrifice car scheme.

• The partnership combines VWFS | Fleet’s automotive finance expertise with Beloy’s embedded insurance infrastructure to support scalable EV adoption.

[London – 06/05/2026]

Volkswagen Financial Services | Fleet (VWFS | Fleet) and Beloy today announce a new insurance partnership for salary sacrifice car schemes, enabling businesses and their employees to access electric vehicles and plug-in hybrid electric vehicles through a seamless, bundled mobility offering.

The collaboration sees VWFS | Fleet integrating Beloy’s digital-first embedded insurance solution into its new salary sacrifice proposition, unlocking competitive insurance pricing within the salary sacrifice vehicle lease bundle. The programme will support businesses looking to accelerate fleet electrification and electric vehicle adoption, while enabling employees to select from a wide range of EV makes and models via a simple, streamlined and transparent ordering platform.

Through salary sacrifice, employees benefit from a single, tax-efficient monthly payment that covers the vehicle lease, maintenance, breakdown cover, and insurance; helping to remove complexity and drive broader EV adoption, while benefiting from Income Tax and National Insurance savings. The motor insurance is underwritten by QBE, following the previously announced exclusive partnership between QBE and Beloy.

Vikas Chhariya, Founder & CEO of Beloy:

Our collaboration with Volkswagen Financial Services | Fleet marks a major validation in scaling the next generation of salary sacrifice programs through Beloy’s embedded insurance ecosystem. Embedding insurance with a global leader like VWFS | Fleet allows us to support EV adoption at scale, and deliver a market leading experience for salary sacrifice drivers. Together, we’re helping to shape and grow future-focused mobility programs that are built upon flexibility and innovation.

Chris Raynsford, Fleet Director, Volkswagen Financial Services UK:

VWFS | Fleet Salary Sacrifice is designed to make the move to electric simple for employers and drivers, with a single, transparent monthly deduction that brings together the vehicle, servicing and support in one place. Insurance is a vital part of that promise and by working with Beloy, we can embed a modern insurance experience into our proposition at scale, helping customers adopt EVs with greater confidence.

The partnership reflects a shared ambition to modernise Salary Sacrifice programmes by combining automotive finance expertise with embedded insurance infrastructure, creating a scalable and future-ready solution for OEMs, funders, lease brokers and corporate clients.

MEDIA CONTACTS

Mohammed Alout | media@beloy.com

Sarah Findlay | press@vwfs.co.uk