Javascript is disabled in your browser

Startbase requires Javascript in order to display content.
Please check your browser settings and enable Javascript-Support for this website.

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

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

Marc Nemitz · Stuttgart, 18. September 2023

Cardino secures €1 million in pre-seed funding for marketplace for used electric cars — Cardino Team | (c) Cardino

Berlin-based startup Cardino has received €1 million in pre-seed funding for its platform for brokering used electric cars. 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 such as Asymmetric Capital Partners, DEPO Ventures, Voyagers.io, Inclimo and Gaingels.

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

With the increase in new electric car sales, these are now entering the secondary market. We believe our platform can improve the way people trade in these cars."
Henrik Sachs, CEO of Cardino

For sellers of electric vehicles, Cardino offers 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 collection and payment. For car dealers, Cardino offers 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 from Inclimo Climate Tech Fund

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

Pre-Seed Pre-Seed-Runde

Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Related companies

Startup 2022 Berlin Cardino On a mission to make selling and buying used EVs as effortless as a Sunday drive. Cardino brings car selling and buying to the 21st century with tech and win-win incentives.

Similar posts

News LayerLogic receives € 470,000 pre-seed Scientifica Venture Capital invests in LayerLogic. A spin-off from Chalmers University with a focus on real-time food analytics.

News Steuerboard secures 725,000 euros in pre-seed round The Düsseldorf-based start-up Steuerboard wants to use its AI platform to counter the shortage of specialists in tax consultancy.

News Brandback secures 7.4 million US dollars Plug-and-play for recommerce: Brandback wants to use fresh capital to scale further and make the resale market accessible to retailers in Europe and the USA.

News Omnisent receives 3 million euros The pre-seed round, led by Atlantic Labs, aims to drive the development of real-time acoustic intelligence.

News BMH participates in pre-seed round of healthtech startup Dentero BMH is making a six-figure investment in the young company Dentero. The AI-supported software is designed to make processes in dental practices more efficient and error-free

News Fideus raises €900,000 in pre-seed round Fideus secures financing round for a platform that automatically manages holding companies.

News Evela Health successful with 600,000 euros pre-seed The FemTech start-up offers an app for menopausal women that can be booked as a corporate benefit via employers.

News ReportAId receives 2.2 million euros in pre-seed financing San Raffaele Hospital already relies on ReportAId. The start-up aims to improve efficiency and quality in the European healthcare system with its solution.

News BRYGHT receives 500,000 euros in pre-seed financing New platform for creators: BRYGHT receives capital from 9elements, NRW.BANK and other partners to redesign social media.

News DXI secures pre-seed funding The team around founders Frank Rauchfuß and Stefan Trebbin secures funding from HTGF and business angels to set a new standard for digital customer twins with PersonaX®.

News Wingcopter secures new financing Wingcopter expands its business model. In addition to logistics, now also surveying infrastructure by drone with LiDAR technology.

News Flowstep receives 2.6 million US dollars in seed funding From beta to market launch: Estonian start-up Flowstep launches its platform for "vibe design" and attracts international investors.

News Startupnews KW 26 - 2025 Whether it's PropTech from Cologne, children's furniture from Austria or quantum solutions for the ESA, Europe's start-ups are once again showing what the future holds this week.

News LIDROTEC receives 13.5 million US dollars for the further development of laser-based chip dispensing Fresh capital for the deep-tech start-up LIDROTEC: using lasers and liquids to achieve better chip cuts. USD 13.5 million from Lam Capital and ZEISS Ventures, among others.

News DRIMCO secures 5 million US dollars in Pre-Series-A With proprietary AI technologies, DRIMCO accelerates the efficiency of tenders and their execution for industrial manufacturers, setting new standards in requirements evaluation and management.

News Isar Aerospace secures 150 million euros Isar Aerospace receives 150 million euros in growth capital from Eldridge. The financing is intended to further expand the Munich-based aerospace company's series production and launch capacities.

News Climatiq receives 10 million euros in Series A financing The Berlin-based start-up wants to integrate climate data into day-to-day corporate management, primarily via existing ERP and supply chain systems.

News chatlyn receives 8 million euros in Series A financing With financing of 8 million euros, chatlyn is further expanding its platform for the automation of hotel processes.

News traplinked receives 1.8 million euros With an expanded seed round and new partners from the BayStartUP network, the startup is focusing on a scalable solution for a previously analog industry.

News Synthflow AI receives 20 million US dollars Berlin-based startup Synthflow AI secures Series A funding to roll out its no-code platform for AI language agents internationally.