Tenet Energy, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Tenet Energy, Inc. - overview
Established
2021
Location
New York, NY, US
Primary Industry
Financial Services
About
Based in New York, US, and founded in 2021, Tenet Energy, Inc. operates as a developer of a financial platform that provides financing options for the ownership of electric vehicles. In 2021, the company was founded by Alex Liegl, an entrepreneur with over 10 years of experience in Fintech companies. In 2022, the company raised USD 18 million from VC firms Human Capital and Giant Ventures.
In November 2023, Tenet Energy, Inc. raised USD 30 million in series A and debt funding led by new investor Nyca Partners, with participation from other investors Assurant Growth Investing, Giant Venture, and Silicon Valley Bank. The company operates as a lender with a lower monthly payment to EV owners and people who plan to buy it, by taking the luxury from EV tax credits and high-value retention. The loans can be applied online via mobile app or its website.
The product applies to financing a new EV, refinancing a used EV, or even electrifying a fuel car. The company drives revenue streams by earning interests from its loan business. Tenet Energy, Inc. plans to use its November 2023 funding to continue its growth and introduce its digital renewable energy platform to the market.
Current Investors
Global Founders Capital, Breyer Capital, Firstminute Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.tenet.com
Verticals
FinTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.