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Newark, DE

Scaling EV fleet financing solutions for small and mid-sized businesses to drive clean transportation adoption.

• First mover advantage: Only EV-focused financing provider specifically for small and medium-sized businesses.
• Strong industry partnerships: Receives financing leads directly from major electric vehicle manufacturers.
• Mission-driven impact: Expanding access to EV financing for underserved and minority-owned businesses.
• Data-driven innovation: Leverages EV-specific metrics to deliver smarter, more accessible financial products.
• Recognized leadership: Selected as a regional finalist in Cleantech Open for clean technology innovation.

FinEV is raising funds to expand its operations and grow its electric vehicle loan portfolio, providing small and medium-sized businesses with smarter, faster, and fair financing solutions for fleet electrification. The capital raised will be used for direct and partnership-based vehicle loans, marketing, platform development, and staffing, enabling FinEV to meet rising demand and strengthen its mission of making sustainable transportation accessible to underserved businesses. With tailored financial products that integrate EV-specific data like Total Cost of Ownership and Residual Value, FinEV offers an innovative approach to EV financing where traditional lenders fall short.

Founded in 2023, FinEV focuses on bridging the financing gap for SMBs seeking to transition to electric fleets. The company works directly with major EV manufacturers to support sales and collaborates with Green Banks to expand its lending capabilities. With a current $5 million loan pipeline and recognition from Cleantech Open, FinEV is positioned for rapid growth. Its commitment to financial inclusivity also drives opportunities for entrepreneurs from economically disadvantaged backgrounds, helping to catalyze EV adoption at scale.

Company Info

FinEV provides tailored electric vehicle financing solutions for small and medium-sized businesses, using data-driven technology to accelerate the clean transportation transition.

FinEV is a technology-driven financial services company based in Newark, Delaware, specializing in electric vehicle (EV) financing for small and medium-sized businesses (SMBs). Focused on accelerating the transition to clean transportation, FinEV offers tailored loan solutions by leveraging EV-specific data such as Total Cost of Ownership (TCO) and Residual Value (RV) to make financing faster, fairer, and more accessible. Their platform streamlines the fleet electrification process for businesses, from vehicle selection to securing competitive financing, while supporting greater financial inclusivity for underserved communities.

Founded in 2023 by a team of financial and clean technology veterans, FinEV works with major EV manufacturers and green banks to expand access to capital and facilitate the adoption of sustainable transportation solutions. The company’s mission is to close the financing gap that traditional lenders often leave open for SMBs transitioning to EVs, offering simple applications, expert guidance, and flexible terms. FinEV also plans to grow its offerings to include small business banking services and eventually enter the consumer EV financing market, positioning itself as a full-spectrum financial partner within the evolving EV ecosystem.