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Spring Free EV

San Francisco, US · Founded 2021 · Delaware corporation · 22 employees on LinkedIn · 3 known investors

Find your way into Spring Free EV

170 people in our graph share verified history with the Spring Free EV team — schools, employers, funds. One of them is your warm intro.

David Johnsonunlockedknows Sunil Paul · together at Vanderbilt University (overlapped)
×7knows the team · via Zynga
×2knows the team · via Vanderbilt University
knows the team · via US Congress, Office of Technology Assessment (OTA)
knows the team · via Pacific Community Ventures

EverFleet provides EV leasing, financing, and fleet-management services for businesses and professional drivers, including contractor fleets, last-mile delivery operators, small businesses, and rideshare/gig drivers. It sources electric vehicles ranging from compact cars to cargo vans and offers flexible weekly payment and ownership options.

CleantechLogistics & Supply ChainMobility & Transportation

Founders & leadership

Spring Free EV was founded in 2021 by Sunil Paul.

SPSunil Paul
Sunil PaulinCEO and co-founder2020–2025Sunil Paul co-founded FreeLoader in the mid-1990s, later founded Brightmail (an email security company acquired by Symantec), and co-founded Sidecar, a ridesharing platform. He currently serves as Executive Officer and Director at Spring Free EV, working on electric vehicle affordability and financing.

Board

ML
Martin LagodBoard director
RDRobert Day
Robert DayinChief Executive OfficerPartner, Co-Founder at Spring Lane Capital

Investors · 3

Brainstorm VenturesSan Francisco
Spring Lane CapitalMontreal
City LightreportedNew York · $1M – $6M

Reported raises · per SEC filings

Form D private placements

$15.7M disclosed across 2 rounds · 2023

▶$4.6MraisedJan 2024 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Sunil PaulExecutive Officer, Director, Promoter
  • Robert DayDirector
  • Martin LagodDirector
Offering amount
$4.8M
Amount sold
$4.6M
First sale
Dec 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$11.1MraisedApr 2023 · 31 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Martin LagodDirector
  • Sunil PaulExecutive Officer, Director, Promoter
  • Robert DayDirector
Offering amount
$11.1M
Amount sold
$11.1M
First sale
Mar 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Spring Free EV Announces New Round of Financing Led by Spring Lane Capital | Newswirenewswire.com · Sep 2025Expand Your Fleet with Residual Capital - The Future of Sustainable Vehicle Financing - Spring Free EVspringfreeev.com · Mar 2024Spring Free EV Raises $31 Million to Finance Commercial Electric Fleets - Industrial Innovationindustrial-innovation.com · May 2023Spring Free EV Raises $31 Million to Drive Electrification of Commercial Fleets Nationwide; Fin-Tech Financing Platform Aims to Cut the Costs of Going Electric by Halffinance.yahoo.com · Apr 2023

Frequently asked questions

What does Spring Free EV do?
EverFleet provides EV leasing, financing, and fleet-management services for businesses and professional drivers, including contractor fleets, last-mile delivery operators, small businesses, and rideshare/gig drivers. It sources electric vehicles ranging from compact cars to cargo vans and offers flexible weekly payment and ownership options.
Who founded Spring Free EV?
Spring Free EV was founded by Sunil Paul in 2021.
Who are Spring Free EV's investors?
Spring Free EV's investors include Brainstorm Ventures, Spring Lane Capital, City Light.
How much funding has Spring Free EV raised?
Spring Free EV has disclosed $15.7M raised across 2 rounds.
Where is Spring Free EV headquartered?
Spring Free EV is headquartered in San Francisco, US.