Electric vehicles (EVs) have emerged as a beacon of hope as the world moves towards a greener future. However, one of the significant challenges faced by fleet operators and automotive finance companies is the hefty financial burden associated with EV acquisition and concerns about the residual value of the vehicles. Enter “Residual Capital” by Spring Free EV.
What is Residual Capital?
Spring Free EV, a recognized leader in sustainable transportation, has launched a pioneering financing solution: Residual Capital. This tax equity product is tailor-made to lower the financial barriers preventing the large-scale adoption of electric vehicles.
How Does It Work?
Designed in collaboration with top-notch tax equity structuring lawyers and accountants, Residual Capital presents an innovative take on EV tax credits, particularly the 45W, applicable to commercial EVs. The product emerges from the brains with vast experience from renowned companies like Sunrun, Solar Mosaic, Morgan Stanley, and Robobank.
Drawing inspiration from traditional renewable energy financing structures (like solar and wind), where tax equity contributes over $20 billion in total financing, Residual Capital incorporates a similar approach for EVs. The name “Residual Capital” is derived from its dual-core functions:
1. Providing Residual Capital Within Financing
It introduces a layer of capital within the financing structure, making EV acquisition more affordable.
2. Buffering Residual Value Risk
It acts as a protective shield for the residual value of electric vehicles, which is a critical concern in the EV financing sector.
Spring Free EV’s Technological Edge
One of the standout features of Residual Capital is how it leverages Spring Free EV’s advanced technology to ensure the protection of the residual value of EVs. At the heart of this protection is monitoring and promoting battery health.
Battery health is crucial in determining an EV’s residual value. A well-maintained battery can extend the vehicle’s lifespan, improve performance, and ensure a higher resale value. Spring Free EV’s state-of-the-art monitoring system continuously tracks the battery’s health, capturing data on charge cycles, temperature, and other crucial metrics. By analyzing this data, the system can provide real-time feedback to operators, suggesting optimal charging practices and maintenance schedules. This proactive approach ensures the battery remains in peak condition throughout its lifespan, safeguarding the vehicle’s residual value.
Why Choose Residual Capital?
1. Optimized Tax Credits
Gain the most from your EV tax credits, especially with credits like 45W tailored for commercial EVs.
2. Protection for Residual Value
The financial structuring and technology monitoring ensure that the value of your EVs is safeguarded.
3. Enhanced Capital Efficiency
Especially for fleet operators, Residual Capital ensures a more efficient capital allocation, making EV acquisition less capital-intensive.
With over $100 million in demand and proven success with its fleet lease program, Residual Capital is set to revolutionize how we perceive EV financing. If you’re a fleet operator or an automotive finance company eyeing the future, Residual Capital is your key to a sustainable, affordable, and risk-protected EV journey.
Interested in Residual Capital?
Reach out to us at firstname.lastname@example.org and let’s discuss how Residual Capital can work for you.