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Spring Free Ev announced it raised $4.6 Million in an initial filing from an offering of $4.84 Million

Jan 04, 2024almost 2 years ago

Amount Raised

$4.6 Million

Round Type

seed

San FranciscoFinancial Services

Company Information

Company

Spring Free EV

Location

912 COLE ST.

San Francisco, California, United States

About

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 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.

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