Plug
Latest round
- Series A
Last raised
- Feb 2026
Total raised
- $27M
Investors
- 9
About Plug
Plug Technologies Inc.Plug Technologies Inc. was founded in 2023 in Culver City, US, specializing in facilitating transactions for electric vehicles through a dedicated auction platform. In February 2026, Plug Technologies Inc. The founder, whose information is currently not specified, has previously engaged in the electric vehicle industry, indicating a strong background relevant to the company's focus.Plug Technologies Inc. specializes in providing a comprehensive wholesale auction platform specifically designed for electric vehicles (EVs). Their core offerings facilitate the buying and selling of used EVs, enabling transactions to be fast, transparent, and profitable for all parties involved. The platform evaluates each vehicle based on critical factors such as battery health, range, software-enabled features, and applicable tax credits, utilizing data from automaker APIs to ensure accuracy. Plug's services cater primarily to dealers and commercial fleet sellers, connecting them with a network of EV-focused buyers, thereby streamlining the process of moving used EV trade-ins.Plug Technologies Inc. generates revenue through its auction platform, where transactions occur between dealers and buyers of used EVs. Clients are able to list vehicles for sale, and within 24 hours, receive offers, complete title transfers, and process payments efficiently. The revenue model is supported by transaction fees associated with each sale, ensuring a steady income stream from the sales facilitated through its marketplace. The firm employs a B2B structure, focusing on partnerships with dealerships and commercial sellers. This model enables Plug to maintain a streamlined operation while providing tailored solutions that address the unique characteristics of the EV market, ensuring that both sellers and buyers have a seamless experience.
Who invested in Plug
9 investors across 2 rounds
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Questions about Plug
Who invested in Plug?
Plug has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Plug raised?
Plug has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Plug last raise money?
Plug's most recent round on record is a Series A, in Feb 2026.
What does Plug do?
Plug is a internet company.
Where is Plug headquartered?
Plug is headquartered in Santa Monica, US.
Which VCs invest in companies like Plug?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Plug's stage. Their profiles are linked below.
VCs backing internet startups at Series A
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