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Spring Free EV logo — A fintech company built to make electric vehicles more acces...

Spring Free EV

A fintech company built to make electric vehicles more accessible to everyone

Founded 2021 United States United States 34 employees Series A Total: $62.00M Financial Services, Fintech +1

General Information

Company Name Spring Free EV
Founded Year 2021
Location United States United States
Employees 34
Industries Financial Services, Fintech, Sustainability
Funding Stage Series A
Social

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About Spring Free EV

Spring Free EV is a financial technology startup on a mission to accelerate the adoption of electric vehicles (EVs) through innovative fintech products. With the bold mission to reduce CO2 emissions by one gigaton by 2030, the company offers a new vehicle financing approach that makes EVs more accessible to everyone. Founded in 2021, Spring Free EV has already gained significant support from leading investors including Spring Lane Capital, Bronze, Reid Hoffman, Ev Williams, and others. The company's flagship product, the Mileage Purchase Agreement (MPA), is a financial product designed to reduce the upfront costs of EVs and charges a fee per mile of use, making EVs more affordable for consumers. Additionally, Spring Free EV focuses on providing a fast, easy, and affordable solution for Fleet Managers to add EVs to their fleet. The startup's recent $31.00M Series A investment on 06 April 2023 from a consortium of investors including City Light Capital, Gaingels, Bronze VC, Climate Capital, BrainStorm Ventures, Pitbull Ventures, Spring Lane Capital, Evan Williams, Mark Pincus, and Reid Hoffman underscores the confidence and interest in Spring Free EV’s innovative approach and potential for impact. With a focus on Financial Services, Fintech, and Sustainability, Spring Free EV is U.S.-based, and actively seeking to expand its team. For those interested in joining the mission to reduce climate change, the company is hiring and can be contacted at [email protected].

Taxonomy: electric vehicles, sustainable transportation, climate change, EV financing, innovative financial products, CO2 emissions reduction, startup, investors, fleet management, environmental sustainability, vehicle financing, tech careers

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $31.00M 10
City Light Capital Gaingels Bronze VC
City Light Capital, Gaingels +8
06 Apr 2023
Series A $31.00M 10
City Light Capital Gaingels Climate Capital
City Light Capital, Gaingels +8
06 Apr 2023

Spring Free EV Alternatives & Competitors

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Spring Free EV vs
MioTech
MioTech Hong Kong S.a.r.

Innovate for a Sustainable Future

Venture round
154 employees
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Spring Free EV vs
Rison
Rison Sweden

-- Without profitability no scalability. Without scalability no sustainability --

9 employees
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Spring Free EV vs
Aspiration
Aspiration United States

The green banking alternative that is good for your wallet and good for the planet.

Venture round
47 employees
Financial Services, Fintech
Also compare with: Spring Free EV vs Sunstone Credit Sunstone Credit View all alternatives

FAQ About Spring Free EV

A fintech company built to make electric vehicles more accessible to everyone
Spring Free EV was founded in 2021.
Spring Free EV is headquartered in United States.
Spring Free EV operates in Financial Services, Fintech and Sustainability. Its work centres on electric vehicles, sustainable transportation, climate change and EV financing.
Spring Free EV has approximately 34 employees.
Spring Free EV has completed 2 funding rounds, raising a total of $62.00M. The latest funding stage is Series A.
Top alternatives and competitors to Spring Free EV include MioTech, Rison, Aspiration, Sunstone Credit, Revfin. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spring Free EV and MioTech are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Spring Free EV, https://bouncewatch.com/company/spring-free-ev, updated 24 March 2025. When citing, please name BounceWatch and link this page.

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