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Zevvy
Finance platform for electric vehicles
- 1-20 employees
- Fintech
- B2C
- B2B
- Sustainability
- Lending
- Electric Vehicles
- Downtown, Oakland, CA
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Company mission
To accelerate affordable and equitable financing of electric vehicles for all drivers.
Our take
Zavvy is tackling the issue of unaffordable electric vehicles through a leasing platform that lowers the bar for EVs and allows the wider population to invest in one. Mileage caps, three-year terms, and ever-increasing upfront payments are among the main hurdles for those trying to reduce their transport’s carbon footprint, and Zevvy’s mobile app helps users to plan their transition, budget their charging and avoid the limitations that traditional banking places on investing in EV transport.
With auto loan debt skyrocketing to $1.43 Trillion in 2021, Zevvy has the potential to massively disrupt the auto financing industry thanks to low monthly repayments and flexible lease options. It may only be at early stages but the platform is turning heads, especially for the everyday commuter and businesses looking to lease cars to their employees.
One potential friction that Zavvy may rub up against, is the risk of EV manufacturers building their own lower payment systems. As it stands though, Zavvy is racing ahead of the competition.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Technology and home office stipend: Make sure your setup is ideal
- Retirement: 401K plans for all
- Flexible PTO: Hardworking employees need time to recharge their batteries too
- Healthcare: Coverage to maintain your well-being
- Flexible work environment: We’re currently remote-first, but will be finding a convenient office space in the Bay Area or Los Angeles where we can collaborate effectively and comfortably
- Parental leave: Paid time off for maternity or paternity care
Funding (1 round)
Oct 2022
$5.4m
SEED
Total funding: $5.4m
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