Spring Free EV adds automotive, clean energy and financial services experts from GM, Rivian and BMW to its advisory board

SAN FRANCISCO–(BUSINESS WIRE)–Springless EVthe fintech company that is accelerating the adoption of electric vehicles (EVs) through innovative fintech products, today announced the addition of five executives to its advisory board: Steve Girsky, Matt Horton, Richard Kauffman, Eric White and Ian Smith.

“Having Steve, Matt, Ian, Richard and Eric join our board is an incredible honor,” said Sunil Paul, CEO of Spring Free EV. “Each of them has played an important role in shaping the automotive and clean energy industries and will now help us achieve our mission to reduce CO2 emissions and make electric vehicles 99% accessible. , not just the top 1%

Steve Girsky is currently chairman of the board of directors of Nikola Motor Company and a member of the board of directors of Clarios, an electric vehicle battery company. His past experience includes serving as Vice President and Board Member of General Motors, where he guided corporate strategy and business development. With experience working in both electric vehicles and the broader automotive industry, Steve brings invaluable expertise to Spring Free EV as he increases adoption of electric vehicles through our unique pay-as-you-go business model. kilometer.

“Many drivers have embraced the idea of ​​electric vehicles, especially in light of worsening climate crises and rising gasoline prices around the world,” Steve Girsky said. “No company, however, has made electric vehicle ownership more accessible to these drivers than Spring Free EV. I look forward to being part of a movement to make electric vehicles and electric vehicle fleets affordable.”

Matt Horton is the former Executive Vice President of Energy and Charging Solutions at Rivian, where he developed the fleet infrastructure and charging network business in addition to the energy storage business. Previously, he was Managing Partner of Pescadero Pacific Ventures, Chief Commercial Officer of Proterra Inc and CEO of Propel Fuels. Matt brings over 20 years of experience in business and investment expertise in new energy technologies and a wealth of knowledge in the clean energy field.

“We are at a turning point with clean energy. Now, more than ever, automakers have access to high-quality clean-energy alternatives and can produce cars that perform as well as, if not better than, gasoline-powered vehicles. gasoline,” said Matt Horton. “What Spring Free EV is doing is unique. They are finally leveling the playing field for drivers so electric vehicles are both an environmentally friendly and affordable option. I’m thrilled to be a part of their growth.”

Richard Kauffman is currently Chairman of the New York State Energy Research and Development Authority (NYSERDA) and Chairman of Generate Capital, a major financier and owner of clean economy infrastructure. He was the first Chairman of New York Energy and Finance in the Office of Governor Cuomo, where he led New York State’s comprehensive energy policy effort, known as Reforming the Energy Vision. . He was also chairman of the Global Financing Group at Goldman Sachs before working in the public sector.

“As someone with private and public sector experience in green energy, I believe Spring Free EV’s plan to electrify America is precisely the solution we need,” Kauffman says. “Mass adoption of electric vehicles at all levels is necessary to reduce emissions, and I’m thrilled to be part of a team that has a visionary and egalitarian plan to do just that.”

Eric White is the founder and CEO of Dividend Finance, where he pioneered the Solar-as-a-Service offering and created a platform that simplified the process of buying solar panels. Residential solar lending now accounts for over 60% of all residential solar PV system purchases and an annual asset class of over $10 billion. He is also Chairman of Dividend Finance at Fifth Third Bank and was previously a partner in Global Energy and Power Investment Banking at Merrill Lynch.

“Spring Free EV’s funding model will have a tangible impact on our climate and our planet,” says White. “We have a similar financing model at Dividend Finance, driving the adoption of solar energy in the United States, and I can tell you that the model is working. this EV model will put Spring Free EV on the right track to help achieve mass adoption of EVs.”

Ian Smith is the former Board Advisor and CEO of BMW Financial Services. With over 25 years of experience leading businesses in the automotive industry, Ian is passionate about making a difference in our environment. His expertise in sales and marketing, strategic planning and business development make him a vital voice as Spring Free EV strives to increase adoption of electric vehicles among fleets.

“While our ‘FreeEV’ offering has inspired delivery drivers to go electric, our mission to inspire entire businesses to go electric in their fleets is a different story,” said Ian Smith. “As we continue to encourage companies to make more environmentally friendly decisions, it is important that we are able to make electric vehicles attractive to their business model. Spring Free EV is achieving this, and I am delighted to join me in their journey.”

The new members of their advisory board arrive on the heels of the company’s launch of its “Free EV” and “EVInstaFleet” financing solutions. At launch, Free EV will provide 2,000 delivery and ride-sharing drivers with access to affordable electric vehicles by reducing upfront costs through an industry-first pay-per-mile model with no loans or chargebacks. monthly rentals. EVInstaFleet serves a growing market of contractors managing high-mileage vehicle fleets by streamlining the process of fleet electrification. Unlike current financing options which can take up to six months and require personal guarantees, EVInstaFleet requires no credit or personal guarantees and uses a pay-per-mile subscription model, charging customers a base monthly fee plus charges per mile flown.

About Spring Free EV

Spring Free EV is a fintech company created to accelerate the adoption of electric vehicles through innovative fintech products. It has a bold mission to reduce CO2 emissions by a gigatonne by 2030 through a new approach to vehicle financing that makes electric vehicles more accessible to everyone. Spring Free EV was co-founded by Sunil Paul, Martin Lagod, Tenni Theurer, Visrin Vichit-Vandakan and Andrew Deitz in 2021 and is backed by lead investors Reid Hoffman, Ev Williams, Mark Pincus and others. Learn more about www.springfreeev.com.

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