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Overview
Tenet provides loans and refinancing specifically for electric vehicles. It operates as a fintech platform offering direct online loans and refinancing options tailored to EV buyers and owners, with the aim of making EV ownership more affordable. Revenue comes from interest and loan fees. A distinctive feature is the Tenet dashboard, which helps users monitor carbon emissions saved, track mileage, and check battery health, aligning financing with sustainability goals. Compared to general lenders, Tenet focuses narrowly on EVs and eco-friendly finance, enabling competitive terms for EV purchases and refinanced loans. The company’s goal is to expand access to EV ownership and support greener transportation through specialized financing and value-added sustainability tools.
About Tenet
Industries
Data & Analytics
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$73M
Headquarters
New York City, New York
Founded
2021
Simplify's Take
What believers are saying
- Tenet raised $30M+ and $25M from NY Green Bank to expand platform.
- Point Predictive partnership automates income validation for seamless financing.
- Loans average $150 lower monthly payments than conventional EV financing.
What critics are saying
- Tesla's 0.99% APR financing undercuts Tenet's 5.99%-16.20% rates immediately.
- Operations limited to 33 states exclude high-EV markets like Oregon indefinitely.
- EV demand slows from high rates and battery concerns, slashing loan volume in 2026.
What makes Tenet unique
- Tenet uses data analysis to underwrite EV loans differently from traditional lenders.
- Tenet defers up to $7,500 tax credit as down payment at purchase.
- Tenet bundles home charger costs into EV loans via Treehouse partnership.
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Funding
Total Funding
$73M
Above
Industry Average
Funded Over
4 Rounds
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↑ 0%2 year growth
↑ 0%Through this strategic partnership, Tenet is integrating Point Predictive's IncomePass(TM) solution into its fully digital climate financing ecosystem, offering customers a one-stop shop for everything they need to purchase and own an electric vehicle.
Through this strategic partnership, Tenet is integrating Point Predictive's IncomePass(TM) solution into its fully digital climate financing ecosystem, offering customers a one-stop shop for everything they need to purchase and own an electric vehicle.
Tenet Energy Inc. (“Tenet”), a climate fintech platform that helps consumers and businesses drive electric vehicles (EVs) for less, announced today th
Tenet, a fintech platform that is focused on increasing the adoption of electric vehicles through affordable financing options, has raised $10M in Series A funding from investors that include Nyca Partners, Giant Ventures, and Assurant Ventures.
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About Tenet
Industries
Data & Analytics
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$73M
Headquarters
New York City, New York
Founded
2021
There are no jobs for Tenet right now.
Find jobs on Simplify and start your career today