Plug
PrivateLast Round
Series A
Feb 2, 2026
Total Funding Raised
$26.7M
Momentum Score
50 /100
Company Overview
Plug is a technology company that operates an online wholesale auction platform exclusively for used electric vehicles (EVs). The platform connects car dealerships and commercial fleet operators to facilitate the buying and selling of used EVs. Plug provides EV-specific data points, such as battery health, software-enabled features, available tax credits, and range, to help dealers accurately price and transact vehicles. In April 2025, the company launched "Trade Desk," a service to help dealers price, manage, and monetize EV trade-ins by providing either a guaranteed cash offer or an option to sell through Plug's auction. Founded in 2023 by former Tesla executive Jimmy Douglas, the company aims to address the nuances of EV transactions that traditional wholesale auctions do not cover. Plug serves over 400 dealers and has facilitated millions in used EV sales.
Sector
Mobility, Transportation & Logistics
Verticals
Electric Vehicles, E-commerce, Clean Transportation, Vertical SaaS
Business Model
B2B
Customer Profile
Marketplace Commission
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Plug Comps
Public and private peers based on sector, stage, and business model.
Plug Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Feb 2, 2026 | ||||
| Seed | Apr 8, 2025 |
Key People
Founding team and executive leadership
Plug Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Autotech Ventures | Series A, Seed |
| Floodgate | Seed |
| Cleo Capital | Seed |
| Renn Global | Series A, Seed |
| Galvanize Climate Solutions | Series A |
| Toba Capital | Seed |
| A* Capital | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Feb 7, 2026
Introduced 'Trade Desk' for EV trade-ins and cash offers.
- Feb 7, 2026
Facilitated over $60 million in used EV sales since launch.
Plug Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
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Frequently Asked Questions
Common questions about Plug's valuation, stock price, and market status.
