Plug
The EV marketplace built for electric vehicles
Santa Monica, United States · Founded 2023 · $26.7M raised
- Headquarters
- Santa Monica, California
- Employees
- 11–50
- Founded
- 2023
- Business Model
- Marketplace
- Website
- plugmotors.com
- Total Funding
- $26.7M
- Last Round
- $20.0M Series AFeb 2026
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 8 investors for this company. The full record is or through the API.
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 $26.7M in total across 2 rounds, most recently a $20.0M Series A round in Feb 2026. Investors include Lightspeed Venture Partners, U.S. Department of Energy Loan Programs Office and Floodgate.
Tech & App Stack
33 technologies & apps tracked
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Funding History
Feb 2026
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Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
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