Berlin-based EV marketplace Cardino has raised €4 million in a seed round led by German VC Point Nine, as the startup shared with Vestbee.
- Cardino was founded in 2022 by Henrik Sachs and Lukasz Pajak. This startup makes it possible to sell old electric cars online by utilizing a network of reliable dealers around Europe. The platform allows direct bidding and offers thorough car profiles, streamlining the purchasing process, producing competitive rates for purchasers, and bringing together buyers and sellers from other markets.
“Cardino is dedicated to revolutionizing the used EV marketplace through its digital-first approach, making the process convenient and efficient for sellers and dealers," say Henrik Sachs and Lukasz Pajak, founders of Cardino, in the statement.
- The leading investor in this seed round was Point Nine, a seed-stage venture capital firm focused on SaaS and B2B marketplaces across Europe, the US, and Canada. Point Nine’s initial ticket size is €500,000–€5 million, and currently it has more than 165 companies in its portfolio.
- Other investors include angels from Rosberg Ventures, Vinted, Bolt, HomeToGo, Dance and HeyJobs.
"The future of cars is electric. For that, we need a sustainable used car market. Henrik, Lukasz and the entire Cardino team are doing pioneering work with their platform. Cardino is both efficient and transparent, setting new standards for the entire industry," said Nico Rosberg, founder of Rosberg Ventures.
- The funding is planned to be used for the improvement of the platform and to offer a better substitute for the EV aftermarket. Dealerships' purchasing processes will be made simpler, and sellers' selling processes will be streamlined as a result.
