Cardino, a Berlin, Germany-based provider of an online platform for the electric vehicle (EV) market, raised €1M in Pre-Seed funding.
The round was led by Silence VC and FJ Labs, with participation from Asymmetric Capital Partners, DEPO Ventures, Voyagers.io, Inclimo, and Gaingels.
The company intends to use the funds to expand operations and its business reach.
Led by Henrik Sachs (CEO) and Lukasz Pajak (COO), Cardino operates as a marketplace, connecting EV sellers to dealerships via auctions. Its C2B model uses battery health analysis, digital inspections, and real-time market data to streamline transactions, ensuring sellers and buyers receive a better customers experience. The company offers dealers a range of tools to source and purchase EVs. The Inventory Browsing feature showcases detailed EV profiles, with comprehensive technical details, photos, and seller verifications. Dealers can place bids directly on the platform, and even if a specific model isn’t available, Cardino assists in sourcing alternative options.
Established in December 2022, the company boasts a community of over 1,000 EV sellers and 100+ dealers. In August alone, they managed nearly €4 million in Gross Merchandise Value (GMV), witnessing a monthly growth rate over 50%.
FinSMEs
23/10/2023