Plug

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.