Xcelerate Auto

What Xcelerate Auto does

Xcelerate Auto, LLC is a Texas-based EV-only financial services platform operating since 2014, with operational roots to 2012 when its founding team created the first Tesla Model S leases in the state. The company serves individual EV owners and commercial fleet operators across nearly every US state, offering personal and commercial EV leasing (24–60 month terms, no down payment options), personal and commercial EV financing (24–72 month terms), and the XCare EV Protection extended warranty product family (XCare Premium and XCare Battery & Drive Unit Only), which is the first extended warranty designed specifically for electric vehicles. Its commercial division includes FleetSuite, a fleet management platform with cost-per-mile analytics, charging infrastructure financing, and a-la-carte fleet services (tracking, insurance, compliance, remarketing), as well as commercial energy financing for solar and battery systems such as Tesla Powerpack installations.

The underlying technology stack is web-based: online lease and financing calculators, a digital quote/claim intake system (JotForm-based), and bundled payment workflows that allow XCare premiums to be financed at 0% interest through a Service Payment Plan (SPP) partnership. XCare claims are processed via Endurance Warranty Services, which pays Tesla, Rivian, Lucid, or ASE-certified service centers directly. Distribution is primarily direct-to-consumer through xcelerateauto.com and xcare.com, augmented by inside sales (800-655-3509) for complex enterprise transactions and a community-led acquisition motion built on Tesla Motors Club, Tesla Owners Silicon Valley, Rivian forums, and other EV owner communities.

The business model combines recurring lease and loan interest income, one-time or multi-year XCare warranty premiums, a-la-carte fleet service fees, and embedded financing margins on commercial energy and aftermarket upgrades (e.g., the Unplugged Performance Cybertruck partnership). Headcount is 11–50 employees, the company is privately held and founder/management-owned, and it is actively seeking investor partnerships. Leadership is anchored by CEO KJ Gimbel, COO Milad Davoodi (Tesla employee #673, former creator of Tesla's global Used Vehicle and Trade-in business), Enterprise Sales Leader Guy O'Brien, and Chairman Alisha Gimbel.

Name

Xcelerate Auto

Legal name

Xcelerate Auto, LLC.

Website

https://xcelerateauto.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Xcelerate Auto is an EV-focused fintech providing personal and commercial leasing, financing, the XCare extended warranty, and FleetSuite fleet management for electric vehicle owners and businesses across the United States.

Ownership category

akta.pro rank

Product category

EV Financial Services

NAICS

Passenger Car Leasing (532112), Passenger Car Rental (532111), Passenger Car Rental and Leasing (53211)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

Vehicle Protection & Add-on Product Financing (Warranties, GAP, Service Plans) (FSAKADAL)

akta.pro secondary industry

Auto / Vehicle Marketplace Lending (FSAKAHAF)

Keywords

• Ev extended warranty
• Electric vehicle leasing
• Commercial ev fleet financing
• Ev fleet management
• Vehicle protection plans

Headquarters

HQ city

Mckinney

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Others

Revenue model

1. Vehicle Leasing: Xcelerate originates leases on new and used electric vehicles (Tesla, Rivian, and other EVs) for both personal and commercial customers. Revenue is generated through lease payments spread over terms of 24–60 months. No down payment is required for qualifying customers. The company has been leasing EVs since 2012, starting with the first Tesla Model S leases in Texas.
2. EV Financing / Auto Loans: Xcelerate provides financing solutions for personal and commercial EV purchases. Revenue is generated through interest on financed vehicles. The company partners with progressive manufacturers to offer competitive rates and streamlined financing processes for new and used EVs.
3. XCare EV Extended Warranty Premiums: The company's proprietary extended warranty product, XCare EV Protection, generates revenue through one-time or payment-plan warranty premiums. Pricing is based on vehicle age, mileage, year, make, and model. Plans range from 1 to 10 years. The company also offers 0% interest payment plans (20% down + 11 monthly payments) through partnership with Service Payment Plan (SPP). Coverage includes the entire vehicle (Premium) or just HV battery and drive unit (Battery & Drive Unit plan, Tesla-only).
4. Fleet Management Services: Xcelerate provides a la carte fleet management services including fleet vehicle tracking, fleet insurance programs, compliance and safety training, toll and violation management, license and title services, fleet vehicle sales and leasing, and fleet vehicle maintenance coordination. Revenue is generated through fees for individual fleet services (no management fees charged — all products are a la carte).
5. Commercial Energy / Charging Infrastructure Financing: Xcelerate finances commercial energy systems including Tesla Powerpack installations and charging infrastructure (wall connectors to Level 3 solutions) through partner providers nationwide. Revenue is generated through financing arrangements embedded in commercial lines of credit.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Xcelerate Auto provides financial services and protection products exclusively for electric vehicle owners and operators. Its core offerings include EV leasing and financing (personal and commercial), the XCare EV Protection extended warranty (covering HV battery, drive unit, electronics, suspension, HVAC, and roadside/rental/rideshare benefits), and the FleetSuite fleet management platform with cost-per-mile analytics and commercial charging infrastructure financing.

Product overview

Xcelerate Auto operates as an EV-focused financial services company offering a platform of interconnected products centered on electric vehicle ownership. The core offerings include: XCare EV Protection (the company's flagship extended warranty product available in two tiers: XCare Premium for comprehensive vehicle coverage and XCare Battery & Drive Unit for focused battery/motor protection); Vehicle Leasing and Financing services for personal and commercial EV purchases; and FleetSuite, a comprehensive fleet management platform. The products are designed to work together—XCare protection can be bundled into lease or loan payments, and the fleet platform integrates charging infrastructure financing. The company specializes in serving Tesla, Rivian, Lucid, and other EV owners with a direct-to-consumer approach.

Differentiator

Problem solved

Functional benefit

Brands

• XCare EV Protection: The first and only extended warranty designed specifically for electric vehicles, covering battery, drive unit, and other EV components. Created by former Tesla employees for the EV community.

Products and services

• XCare EV Protection Extended warranty service coverage designed specifically for electric vehicles, covering drive units, suspension, electronics, HV battery (if eligible), HVAC, and more. Bundles roadside assistance, rental car, and rideshare benefits. Available in XCare Premium (comprehensive) and XCare Battery & Drive Unit Only (focused Tesla/battery coverage) tiers, with 1-10 year terms and a 0% interest payment plan option.
• Vehicle Leasing Personal and Business EV leasing options for new and used electric vehicles, including Rivian. 24-60 month terms with no down payment required for qualifying customers.
• Tesla Leasing Specialized Tesla leasing program offered since 2012 with no down payment, no mileage restrictions, and the most flexible terms available; structures available for contractors, rideshare drivers, and high-utilization Tesla owners.
• EV Financing Personal and business EV financing solutions with competitive rates, exceptional customer experience, and a streamlined application approach for new and used EV ownership. Loan periods of 24-72 months.
• FleetSuite Fleet Management Platform Proprietary fleet management platform providing comprehensive EV fleet solutions including charging infrastructure, remarketing, fleet vehicle tracking, insurance programs, strategy and reporting, compliance and safety training, toll and violation management, license and title services, fleet sales and leasing, and maintenance coordination. Calculates total cost per mile including charging infrastructure, upfitting, and energy costs.
• Fleet Management Services Complete EV fleet management solutions delivered a la carte (with no management fees) including fleet vehicle tracking, fleet insurance programs, compliance and safety training, toll and violation management, license and title services, fleet vehicle sales and leasing, and fleet maintenance coordination.
• Commercial Energy Systems Financing Commercial energy financing solutions for solar and battery powered systems including Tesla Powerpack installations and commercial charging infrastructure (wall connectors through Level 3 solutions) via partner providers nationwide.

Quantifiable outcome

• Average claim exceeds $1,200 per occurrence, with HV battery replacements ranging from $12,000 to $25,000 and drive unit replacements around $6,000, demonstrating the financial risk XCare mitigates for EV owners.
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Unplugged PerformanceminorGTM or Marketing PartnerXcelerate partnered with Unplugged Performance to provide financing options for the UP INVINCIBLE® Cybertruck upgrade product line (heavy-duty steel bumpers, rock sliders, carbon fiber panels, LED light bars, lift kits, underbody armor, and wheel designs costing over $40,000). Xcelerate's financing covers both parts and authorized installation labor. The partnership targets Tesla Cybertruck owners seeking to customize their vehicles for off-road and heavy-duty use.
• EndurancecoreTechnology or IntegrationEndurance ([email protected]) is referenced as the claims payment processor for XCare. When Tesla service centers submit repair orders, XCare (through Endurance) pays Tesla directly via credit card over the phone or via email, or reimburses customers. This is an operational technology partnership enabling the direct-to-service payment model for XCare claims.
• TeslacoreStrategic or Co-development PartnerXcelerate has a long-standing strategic relationship with Tesla dating back to 2012 when they created the first Tesla Model S leases in Texas. The company was formed specifically to support Tesla's direct-to-consumer model and state franchise dealer law compliance. Xcelerate's XCare claims process was designed to work directly with Tesla Service Centers, and the company continues to offer Tesla-specific leasing and financing products including Tesla Leasing page, Tesla referral programs, and Tesla-specific claims handling (1-877-302-1715).
• RiviancoreStrategic or Co-development PartnerXcelerate offers personal and business leasing for Rivian vehicles and XCare coverage designed to work with Rivian service centers. The company has published blog content about Rivian R2 features and Rivian ownership experiences, and offers fleet management solutions for Rivian fleets.
• LucidminorStrategic or Co-development PartnerXCare EV Protection is designed to work with Lucid service centers alongside Tesla and Rivian. Xcelerate offers XCare coverage for Lucid vehicles and includes Lucid in its supported EV brand list on the XCare pricing tool.
• Tesla Motors ClubminorGTM or Marketing PartnerTesla Motors Club (TMC) is one of the primary EV owner community forums through which Xcelerate acquires XCare customers. Customer testimonials reference TMC as a referral source. The company's social proof includes TMC member reviews.
• Tesla Owners Silicon ValleyminorGTM or Marketing PartnerTesla Owners Silicon Valley (TOSV) is an EV owner club referenced on the XCare page as a referral source. Xcelerate participates in TOSV events (e.g., 'Drive to Point Reyes' event mentioned in the About page) and acquires customers through this community network.
• EV Garage MiamiminorGTM or Marketing PartnerEV Garage Miami is listed as one of the community partner logos on the XCare page, indicating a referral or marketing partnership for customer acquisition within the South Florida EV community.
• RecurrentminorGTM or Marketing PartnerRecurrent is listed as a community partner on the XCare page, suggesting a referral or co-marketing relationship for EV owner customer acquisition.
• Rivian ForumsminorGTM or Marketing PartnerRivian Forums is listed as a community partner on the XCare page, indicating a referral or marketing relationship for customer acquisition among Rivian vehicle owners.

Scale indicators7 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• Endurance Warranty Services: Extended warranty provider that acts as XCare's claims processor and apparent financial backer ([email protected]). Operates in the same vehicle service contract category and has overlapping customer base in the EV segment.
• CarShield: Largest US aftermarket vehicle service contract provider, with broad multi-vehicle coverage. Competes for the same aftermarket warranty dollar, though CarShield's products are not EV-specialized and have been publicly criticized for coverage exclusions.
• CARCHEX: Direct competitor in the extended vehicle service contract market, serving used and high-mileage vehicle owners. Comparable business model of selling multi-year warranties to consumers beyond factory coverage.

Broad incumbents

• Holman Automotive: Established fleet management and leasing provider with full-service offerings including financing, maintenance, and remarketing. Comparable in commercial fleet services but operates as a broad incumbent across ICE and EV fleets.
• Wheels: Large fleet management and leasing company serving enterprise clients. Comparable in commercial fleet leasing and management services, but operates as a broad incumbent rather than EV-specialized.
• LeasePlan: Global fleet leasing and management company. Comparable in fleet leasing operations, particularly in Europe, with growing EV exposure but operating as a broad incumbent rather than EV-only.
• Samsara: IoT-based fleet management platform with telematics, vehicle tracking, and compliance tools. Comparable in the fleet management software layer, but serves as broad infrastructure rather than EV-specialized leasing/warranty.

Others

• Recurrent: EV battery health and used-EV market data provider, listed as a community partner on Xcelerate's XCare page. Comparable as an ecosystem enabler targeting EV owners rather than a direct competitor.

Emerging players

• Turo: Peer-to-peer car-sharing marketplace with significant EV inventory. Comparable in the EV mobility space, but operates as a consumer-to-consumer rental platform rather than leasing or warranty.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/xcelerateauto
• YouTubeyoutube.com/channel/UC1JoshqRRTn4JKuq2YbPOjw
• Facebookfacebook.com/xceleratellc
• LinkedInlinkedin.com/company/xcelerateauto
• Instagraminstagram.com/xcelerate_auto

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xcelerate Auto