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Spring Free EV

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Company Information

Get to know Spring Free EV

Company Information

Get to know Spring Free EV

Spring Free EV, Inc. is a fintech firm dedicated to removing the financial barriers associated with transitioning to electric vehicle fleets. The company's mission is to accelerate the EV revolution by providing accessible and scalable financing options. Their flagship product is the Mileage Purchase Agreement (MPA), an innovative financing tool that lowers the total cost of ownership and eliminates residual value risk for fleet operators. Instead of a traditional loan or lease, businesses pay a fixed rate per mile driven. Founded with the goal of combating climate change, Spring Free EV focuses on enabling high-mileage commercial fleets, such as those in ride-sharing and delivery services, to switch to electric vehicles more economically.

Industry