Ferry operates an EV subscription platform that lets consumers obtain short-term (6, 12, or 24 month) leases on new electric vehicles entirely through its app. Users can choose from a range of new EV models at a single, transparent monthly price with no down payment and delivery to their door. Subscriptions include 1,000 miles per month (with the ability to upgrade), plus maintenance and taxes. The app handles the full transaction and delivery process, enabling quick access to new EVs without traditional financing. The company intends to use the recently raised funds to expand operations and broaden its business reach. Kristian Russell is the founder and CEO.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2022