According to filings with the U.S. Securities and Exchange Commission, Spring Free EV is raising $4,840,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Sunil Paul played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Spring Free EV
Spring Free EV is a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products. We have the bold mission to reduce CO2 emissions by one gigaton by 2030 through a new vehicle financing approach that makes EVs more accessible to everyone. Spring Free EV was co-founded in 2021 and is backed by leading investors Reid Hoffman, Marianne Wu, Mark Pincus, Ev Williams, and others. Our first product is the Mileage Purchase Agreement (MPA) a financial product that makes EVs more affordable by reducing the upfront costs and charging a fee per mile of use. We make it fast, easy, and affordable for Fleet Managers to add EVs to their fleet.

To learn more about Spring Free EV, visit http://www.springfreeev.com/

Contact:
Sunil Paul, Chief Executive Officer
424-337-1481

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