FinEV
About this raise
FinEV, with a valuation of $10 million, is raising funds on Honeycomb. The company empowers small and medium businesses to transition their vehicle fleets to electric by offering tailored financing solutions. FinEV leverages automation and EV-specific data on its platform to streamline the electrification journey and make sustainable transportation more affordable, accessible, and practical. Nic Abel founded FinEV in March 2023. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for direct lending to five small business EV purchasers, contribution to loans for 15 small business EV purchasers, marketing, software expenses, and staff expenses.
Investment Overview
Committed : $17,128
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 04/21/2025
- Close Date
- 06/05/2025
$100,000
$1,235,000
$100
SAFE
Early Stage
RegCF
$10,000,000
0%
Company & Team
Company
- Year Founded
- 2023
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2024
- Monthly Burn
-
$7,815
as of Dec '24
-
Runway
-
0 months
as of Dec '24
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/05/2025 | Honeycomb | $10,000,000 | $17,128 | SAFE | Active | RegCF |
