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Tenet raises $18m in Seed funding

New York based startup that offers EV-specific auto loans raised $18m in Seed funding led by Human Capital and Giant Ventures.

“Tenet exclusively works with sustainability and ESG-focused institutional investors and capital markets,” CEO Alex Liegl told TechCrunch. This apparently lets the startup “access cheaper cost-of-capital, which it can pass on to the end-consumer in the form of lower rates than those offered by traditional lenders.”

Tags

lending, auto