Spring Free EV
Making EVs affordable and simple to acquire through fintech
Spring Free EV is a financial technology company accelerating the adoption of electric vehicles (EVs) through innovative fintech products. They operate nationwide and are the first to tap into the multi-billion-dollar market of over 200,000 small and medium-sized commercial fleets across the country that are looking to electrify their fleets.
Spring Free EV’s innovative financing platform helps business owners realize savings by significantly reducing upfront costs and using a first-of-its-kind pay-per-mile subscription model – eliminating the traditional high mileage fee penalties that are cost-prohibitive for commercial fleets that need to drive long distances. The company makes EVs affordable and simple to acquire through its proprietary fintech platform, which includes value-added services such as provisioning tax benefits, telematics and institutional-grade asset management, making EVs a more cost-effective option for fleet owners than owning standard fossil fuel vehicles. With these solutions, Spring Free EV eliminates the biggest barrier to EV adoption — cost.