Startups
Spring Free EV is a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products. We have the bold mission to reduce CO2 emissions by one gigaton by 2030 through a new vehicle financing approach that makes EVs more accessible to everyone. Spring Free EV was co-founded by Sunil Paul, Martin Lagod, and Cassandra John in 2021 and is backed by leading investors Reid Hoffman, Marianne Wu, Mark Pincus, Ev Williams, and others.
Our first product is the Mileage Purchase Agreement (MPA) a financial product that makes EVs more affordable by reducing the upfront costs and charging a fee per mile of use.
We make it fast, easy, and affordable for Fleet Managers to add EVs to their fleet. For more information contact us at [email protected]
Want to join us on our mission to reduce climate change? We're hiring! Drop us at line at [email protected]
Our first product is the Mileage Purchase Agreement (MPA) a financial product that makes EVs more affordable by reducing the upfront costs and charging a fee per mile of use.
We make it fast, easy, and affordable for Fleet Managers to add EVs to their fleet. For more information contact us at [email protected]
Want to join us on our mission to reduce climate change? We're hiring! Drop us at line at [email protected]
Overview
Location
United States
Employees
11-50
Founded date
2021
Mentions in press and media 5
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 31, 2022 | Rethinking The Economics Of EVs For Fleet Owners | For many years, serial entrepreneur and venture capitalist Sunil Paul had mulled over approaches to encouraging sales of electric vehicles by reducing their high price and, as a result, reducing carbon emissions. Then, in the summer of 2020... |
| Feb 14, 2022 | How one founder is using fintech to get more EVs on the road | When serial founder turned venture capitalist Sunil Paul decided to step back into startups, it was only after trying to give away the idea behind his fintech company Spring Free EV for over a decade. The idea is simple; bring down the init... |
| EV-buying alternatives emerge, like free down payments paid back by the mile | In the wake of the coronavirus, overall auto sales in the US could drop to low levels not seen since the 2008 financial crisis. In hard-hit markets, like Seattle, San Francisco, and Los Angeles, the demand for cars already fell by as much a... | |
| Spring Free EV | “Fleet managers, high mileage, and gig drivers. No Personal Credit Required. Learn More About Spring Free EV Today! A Stress-Free, Quick, and Unbiased Process to Get You Into an Electric Vehicle. Pay As You Go.” |
Reviews 0
FAQ about Spring Free EV
When was Spring Free EV founded?
Spring Free EV was founded in 2021.
What has the press written about Spring Free EV?
Parsers VC has collected 5 articles mentioning Spring Free EV, among them “Rethinking The Economics Of EVs For Fleet Owners” (Mar 31, 2022) and “How one founder is using fintech to get more EVs on the road” (Feb 14, 2022).
Is Spring Free EV still active?
Yes, Spring Free EV is active; its latest activity on Parsers VC dates from Apr 20, 2023.