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.