Cardino secures €1 million in pre-seed funding for used electric car marketplace

Berlin-based startup Cardino has received €1 million in pre-seed funding for its used electric car brokerage platform. The platform promises an improved experience for sellers and car dealers, based on innovative technologies.

Berlin - Berlin-based startup Cardino has announced a new online platform for the electric vehicle market. Cardino promises a digital experience for electric vehicle sellers and car dealers. The company has closed a €1 million pre-seed funding round, with Silence VC and FJ Labs as lead investors, and participation from other investors including Asymmetric Capital Partners, DEPO Ventures, Voyagers.io, Inclimo and Gaingels.

Cardino acts as a marketplace that connects electric vehicle sellers with car dealers through auctions. The C2B model uses battery condition analysis, digital inspections, and real-time market data to facilitate transactions.

As new electric car sales increase, they are now entering the secondary market. We believe our platform can improve the way people trade these cars."

Henrik Sachs, CEO of Cardino

For sellers of electric vehicles, Cardino provides a platform to sell their vehicles. The journey begins with an instant valuation and digital vehicle inspection. After verification, the vehicles are auctioned and the best offer is presented to the seller. Cardino facilitates the following steps, including vehicle pickup and payment. For car dealers, Cardino provides tools for sourcing electric vehicles. The inventory view shows detailed vehicle profiles with technical details. Dealers can place bids directly on the platform.

The investment in Cardino's platform is not just a strategic financial move. It symbolizes a strong commitment to fighting climate change, promoting sustainable mobility and supporting a greener future.

Fernando Casado of Inclimo Climate Tech Fund

Since its inception in December 2022, Cardino has built a community of more than 1,000 electric vehicle sellers and more than 100 dealers. In August, they managed nearly €4 million in gross merchandise value (GMV) with monthly growth of over 50%.