Operate Lease was founded in 1969, and named during those days Tiferet Hamechonit. It was the first car lease and Non-bank financing company in Israel. Tiferet Hamechonit financed the purchase of thousands of vehicles until establishing Operate Lease Ltd.
Tiferet Group created Israel’s modern fleet management which it pioneered during 1995. After experiencing significant growth of demand, Tiferet Group decided to establish Operate Lease Ltd which was incorporated in 1998. Operate Lease Ltd deals in the car leasing and fleet management sectors.
Since 2008 Tiferet Group owns 50% of OL and managed by the CEO Ran Gants.
Operate Lease owns and manages approximately 14,000 vehicles and employs more than 250 workers. It operates more than 120 workshops to maintain its vehicles, and owns 15 sites that sell old cars, logistically operate the replacement cars and serve clients.
Operate Lease has hundreds of corporate clients, including many of the biggest companies in Israel, such as – IEC (Israeli Electric Corporation), IBM Israel, Rafael Advanced Defense Systems, Melanox, some leading banks in Israel (Bank Hapoalim, Discount Bank, The First International Bank, Otzar Hahayal Bank),as well as large consumer groups such as Unilever etc. , HI-TEC companies and more.