SHORTList
Climate/Energy
Mobility/Transport

Plug

Plug is the only wholesale platform built exclusively for used electric vehicles.

Los Angeles· 4 roles

CORE INFO

$20M
Total Funding
Series A
Round
2023
Founded
Santa Monica, California, United States
Headquarters

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 METRIC
  • Facilitated over $60 million in used EV sales since launching in 2024.

  • In Q4 2025, Plug sold more electric vehicles than during all of 2024 combined.

  • More than 600 dealers and commercial consignors actively using the platform.

    • GROWTH TACTICS

  • Launched Trade Desk™, a service that helps dealers confidently price and sell EV trade-ins, addressing the unique challenges of the used EV market.

  • Utilizes proprietary technology to evaluate EVs based on VIN-level data, ensuring accurate market-rate offers for transactions.

  • Raised $20 million in Series A funding to scale operations and enhance the platform's capabilities.

    • NOTABLE CUSTOMERS

  • Plug has established a network of over 600 dealers and commercial consignors who actively utilize its auction platform for used EVs.

  • Named the exclusive wholesale partner for Recurrent's 'Sell with Recurrent' service, enhancing its market presence and credibility.

    • MARKET POSITION

  • Positioned as a leading online wholesale auction platform specifically for used electric vehicles, catering to the growing demand in the EV market.

  • Focuses on providing EV-specific data to ensure accurate vehicle valuations, setting it apart from traditional vehicle auction platforms.

    • TOTAL ADDRESSABLE MARKET

  • The used electric vehicle market is rapidly expanding, driven by increasing consumer demand for sustainable transportation solutions.

  • Plug aims to capitalize on this growth by offering tailored services and technology that address the unique needs of EV transactions.

    • 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.

    COMPANY CULTURE

    Values

  • Innovation at the core of operations

  • Commitment to sustainability and electric mobility

  • Transparency in transactions and valuations

  • Empowerment of dealers through technology

  • Collaboration with a network of over 600 dealers

    • Operating Principles

  • Data-driven decision making for accurate valuations

  • Focus on customer satisfaction and dealer confidence

  • Continuous improvement of platform features

  • Responsiveness to market changes in the EV sector

    • Benefits

  • Access to proprietary EV-specific data

  • Streamlined buying and selling process for dealers

  • Support for dealers in pricing and selling EV trade-ins

  • Contribution to the growth of the used EV market

    • Learning & Growth

  • Opportunities for professional development in the EV industry

  • Encouragement of innovative thinking and problem-solving

  • Regular training on new technologies and market trends

  • Fostering a culture of feedback and continuous learning

    • Team Cadence

  • Agile work environment promoting quick decision-making

  • Regular team meetings to align on goals and progress

  • Collaborative projects with cross-functional teams

  • Emphasis on open communication and idea sharing

    • COMPENSATION SNAPSHOT

    Cohort too small to score (n < 5). Per-role bands shown below.
    Based on publicly available compensation ranges from job postings; exact compensation may vary.
    Operationsn = 4
    $118K – $135Kmedian $126K
    Los Angeles / Bay Area
    US-only in v1 · only categories with n > 2 shown · in-person / hybrid / remote treated separately where n ≥ 3

    HIRING SIGNAL

    4
    Open roles right now
    Snapshot via live ATS poll
    —
    Net new roles in the last 90 days
    Available once weekly history accrues
    90-Day VelocityV2 · BACKFILL
    Trend builds weekly as historical rows accrue
    By Function
    Breakdown of open roles
    Other · 1
    GTM · 1
    Support · 2
    Top Locations
    Where hiring is concentrated
    Remote-eligible postings counted separately
    Los Angeles
    4
    SourcesGreenhouseLeverAshbyWorkableSmartRecruitersRipplingRecruiteeFallback · Wellfound, YC Work-at-a-Startup, careers-page scrape

    KEY COMPANY ANNOUNCEMENTS

    Filter
    4 announcements · ranked by importance
    Feb 2, 2026FUNDINGPlug Raises $20M Series A to Scale Used EV Marketplaceplugmotors.com
    Feb 1, 2026FUNDINGPlug Raises $20M in Series A Funding - FinSMEsfinsmes.com
    Apr 8, 2025FUNDINGPlug secures $6.7 million in seed funding and launches Plug Trade Desk™, the industry’s first EV-exclusive trade-in solutionplugmotors.com
    May 12, 2025EXEC HIREPlug Appoints Former Tesla Exec Lauren Van Dyke as VP of Operations and Partnershipsplugmotors.com