Ferry, an Austin TX-based Electric vehicle (EV) subscription platform, raised $4M in Seed funding.
The round was led by AMYP Ventures and Venn Ventures with participation from angel investors Adam Forst and Lisa Besserman.
The company intends to use the funds to expand operations and its business reach.
Led by Kristian Russell, Founder and CEO, Ferry provides an electric vehicle (EV) subscription platform that allows consumers to obtain short-term leases on new electric vehicles, right from their phones. It enables users to obtain a short-term (6, 12, or 24 month) lease on a new electric vehicle with no down payment and delivery to their door, transacting the entire process within the app. Users can choose from a range of new EV models at a single, transparent monthly price and no down payment. 1000 miles per month (with the ability to upgrade), maintenance, and taxes are included.
FinSMEs
08/02/2022