FinEV

Powering the EV transition for small businesses with smarter, faster, and fair financing.

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Location
Newark , DE
No. Investors
10

Company Description

FinEV empowers small and medium-sized businesses (SMBs) to transition their vehicle fleets to electric by offering tailored financing solutions that address and overcome the limitations of traditional lending. Leveraging automation and EV-specific data, FinEV’s technology platform streamlines the entire electrification journey—from selecting the right electric vehicles to securing financing either through FinEV or its lending partners. This seamless, data-driven process makes sustainable transportation more accessible, affordable, and practical for everyday business owners.

Key Deal Facts

Backed by major EV manufacturers: FinEV receives financing leads from large, publicly traded electric vehicle manufacturers that rely on financing to help close more vehicle sales., First of its kind: Currently the only dedicated EV financing provider focused specifically on small and medium-sized businesses (SMBs)., Green Bank collaboration: Actively in discussions with Green Banks to secure over $4 million in additional lending capital, with plans to expand to $15 million+ by 2026., Cleantech Open recognition: Selected as a regional finalist in the Cleantech Open (Northeast Region), a prestigious accelerator for early-stage clean technology startups., Mission-driven impact: Expanding access to electric vehicle financing for underserved SMBs, including businesses led by founders from economically disadvantaged communities., Data-driven financing model: Leverages EV-specific data such as Total Cost of Ownership (TCO) and Residual Value (RV) to offer smarter, more accessible financing options., Catalyzing EV adoption: Helping commercial fleet operators reduce operating costs, enhance sustainability, and accelerate the transition to clean transportation.
Amount Raised : $16,685
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