# Tenet - EV Financing

> Tenet is a New York fintech building the first lending platform designed exclusively for electric vehicles. It uses the unique attributes of EVs, chargers, and battery storage to offer lower monthly payments, fast 24-hour funding, and a path to home electrification - increasingly as a lending-as-a-service engine that powers credit unions and other lenders.

- **Founded:** 2021
- **Headquarters:** New York, New York, United States
- **Founders:** Alex Liegl (Co-founder & CEO), Andreas Wallendahl (Co-founder & COO), Paul Sebexen (Co-founder)
- **Team size:** ~94 employees
- **Products:** EV Auto Loans & Refinancing, TenetConnect, Lending-as-a-Service
- **Notable:** Launched the first U.S. consumer lending platform dedicated exclusively to electric vehicles (2022)., Raised $73M total in funding, including a $10M Series A led by Nyca Partners., Secured a $25M warehouse facility from NY Green Bank.

## Products & services

- **EV Auto Loans & Refinancing** — Financing and refinancing for any electric vehicle, including Tesla Model 3 and Model Y, with fast approval, competitive rates, funding in as little as 24 hours, and an option to defer up to 25% of principal until loan maturity.
- **TenetConnect** — A digital renewable-energy and smart-charging platform that reduces EV owners' charging costs on their utility bills.
- **Lending-as-a-Service** — An embedded EV-lending engine that lets credit unions, nonbank lenders, and other financiers originate vetted, high-intent EV loans through a 100% digital experience.

## Achievements

- Launched the first U.S. consumer lending platform dedicated exclusively to electric vehicles (2022).
- Raised $73M total in funding, including a $10M Series A led by Nyca Partners.
- Secured a $25M warehouse facility from NY Green Bank.
- Invited by the U.S. Department of Energy to apply under the Title 17 loan program.
- Drove 700+ new members and ~160 tons/month of avoided CO2 for Service Credit Union.

## Latest updates

- **2024-07** — Proved out its lender network with Service Credit Union, transitioning toward a lending-as-a-service model.
- **2024-06** — Partnered with KeySavvy to embed EV financing for private-party car buyers and sellers.
- **2023-11** — Raised $30M+ (incl. $10M Series A led by Nyca Partners) and launched free smart charging for all customers.

## Links

- Website: https://tenet.com
- LinkedIn: http://www.linkedin.com/company/tenetenergy
- Twitter/X: https://twitter.com/tenetenergy
- Facebook: https://facebook.com/Tenetfinance

---

Profile page: https://yespress.io/tenet-ev-financing
Published by YesPress — https://yespress.io
Last updated: 2026-06-08