How much funding has Plug raised?

Plug has raised $370.0M in total funding, most recently a Venture Round.

Who are Plug's investors?

Plug's investors include Yorkville Partners, U.S. Department of Energy Loan Programs Office.

Where is Plug headquartered?

Plug is headquartered in Santa Monica, California, United States.

Plug

The EV marketplace built for electric vehicles

Santa Monica, United States · Founded 2023 · $370.0M raised

E-Commerce

Headquarters: Santa Monica, California
Employees: 11–50
Founded: 2023
Business Model: Marketplace

Website: plugmotors.com
Total Funding: $370.0M
Last Round: $370.0M Venture RoundMar 2026
Rounds: 1

About

Plug is the marketplace built for buying and selling electric vehicles, purpose-built for EV transactions across the entire ecosystem — from first-time sellers to large-scale dealers. The Santa Monica-based company was founded by Jimmy Douglas, a former Tesla used vehicle operations leader, after recognizing that used EVs are fundamentally different from gas cars and require EV-specific data, pricing, and infrastructure. Plug has facilitated nearly $60 million in used EV transactions since launch and raised $20 million in Series A funding led by Lightspeed Venture Partners in February 2026.

Summary

Plug is an E-Commerce company based in Santa Monica, United States, founded in 2023. It has raised $370.0M in total across 1 round, most recently a $370.0M Venture Round round in Mar 2026. Investors include Yorkville Partners and U.S. Department of Energy Loan Programs Office.

LinkedIn X (Twitter)