More shops are collaborating to boost financing and ancillary products tailored specifically for electric vehicles.

Tenet, a leading EV financing platform, announced a partnership this week with Xcelerate Auto, a financial technology company with an emphasis on electric vehicles, to couple its EV extended warranty into Tenet’s financing options.

Xcelerate Auto said it designed the first and only electric vehicle service agreement for Tesla in 2019. With this partnership, Tenet customers will now have access to package XCare with their current installment contract.

The provider explained XCare, a comprehensive exclusionary service coverage, is the highest level of coverage that a vehicle qualifies for outside the manufacturer’s warranty, meaning Xcelerate Auto will cover the entire vehicle with the exception of certain excluded items.

Since XCare was originally built for Tesla, it was designed to work around Tesla’s direct-to-customer service model, so owners will not have to worry about servicing their vehicles in any different way than intended by Tesla Service.

“We couldn’t be more excited for this partnership and the opportunity to provide products like XCare EV Protection to Tenet and its drivers,” Xcelerate CEO KJ Gimbel said in a news release. “The moment we met the Tenet team, we recognized the same mission-driven mentality in each other and knew this was the perfect recipe to collaborate. We expect big things to come and can’t wait to work together on our shared mission of making EVs affordable for the average consumer.”

Tenet co-founder and CEO Alex Liegl said, “Working with a company whose mission aligns with ours to revolutionize the EV buying experience is the perfect complement to what we do at Tenet. We are excited to partner with KJ and the Xcelerate Auto team to make Teslas and all EVs more affordable, and look forward to ushering in the mass adoption of electric vehicles.”

To learn more, visit www.tenet.com.