Plug
Plug is the only wholesale platform built exclusively for used electric vehicles.
CORE INFO
Plug is an online platform that facilitates wholesale auctions for used electric vehicles (EVs), connecting dealers and fleet operators with accurate EV-specific data to ensure precise vehicle valuations.
- Plug raised $20 million in a Series A funding round led by Lightspeed, with participation from Galvanize and existing investors.prnewswire.com
- The platform has facilitated over $60 million in used EV sales since its launch in 2024.theevreport.com
- Plug's network includes more than 600 dealers and commercial consignors actively using its services.theevreport.com
WHY WE WOULD WORK AT PLUG
Innovative EV Marketplace
Join a cutting-edge platform revolutionizing the used electric vehicle market with Trade Desk™, the industry's first EV-exclusive trade-in solution.
Expanding Dealer Network
Be part of a rapidly growing community with over 600 dealers and commercial consignors actively using Plug's services to facilitate seamless transactions.
Strong Financial Backing
Plug has secured $20 million in Series A funding, positioning the company for significant growth and stability in the expanding EV market.
Proprietary Technology
Work with advanced VIN-level data technology that accurately evaluates EVs, enhancing the buying and selling experience for dealers and fleet operators.
Sustainable Impact
Contribute to the transition towards sustainable transportation by facilitating the resale of electric vehicles, helping to reduce carbon footprints.
Rapid Growth Potential
Plug has facilitated over $60 million in used EV sales since its launch, showcasing impressive growth and a promising future in the automotive industry.
MARKET AND TRACTION
KEY METRICS
✦ KEY METRICGROWTH TACTICS
NOTABLE CUSTOMERS
MARKET POSITION
TOTAL ADDRESSABLE MARKET
PRODUCT AND TECH
Trade Desk™ Service
Trade Desk™ is Plug's innovative service that enables dealers to confidently price and sell EV trade-ins, addressing the unique challenges of the used EV market. This tool leverages EV-specific data to ensure accurate vehicle valuations, facilitating smoother transactions between dealers and fleet operators.
VIN-Level Data Evaluation
Plug utilizes proprietary technology to evaluate electric vehicles based on VIN-level data, which includes critical factors like battery health and software-enabled features. This approach ensures that dealers receive accurate market-rate offers, enhancing the overall buying and selling process for used EVs.
Wholesale Auction Platform
Plug operates an online wholesale auction platform specifically designed for used electric vehicles, connecting dealers and commercial consignors. This platform has facilitated over $60 million in used EV sales since its launch, showcasing its effectiveness in the growing EV market.
Dealer Network Expansion
With a network of over 600 dealers and commercial consignors, Plug has established a robust ecosystem that supports the buying and selling of used EVs. This extensive network is crucial for fostering trust and facilitating efficient transactions within the used EV marketplace.
Market Insights and Analytics
Plug provides EV-specific data and analytics that empower dealers to make informed decisions regarding vehicle valuations and pricing. By delivering insights tailored to the unique characteristics of electric vehicles, Plug enhances the overall efficiency and effectiveness of the used EV market.