Cardino, a Berlin, Germany-based company which specializes in the used electric vehicle (EV) market, raised €4M in Seed funding.
The round was supported by angel investors and notable figures, including key investors from platforms like Rosberg Ventures, Vinted.com, Bolt, HomeToGo, Dance and HeyJobs.
The company intends to use the funds to expand operations and its business reach.
Founded by Henrik Sachs and Lukasz Pajak, Cardino enables the sale of used electric vehicles via a digital platform, leveraging a network of dealers across Europe. The platform provides comprehensive used EV profiles and enables direct bidding, simplifying the acquisition process, generating competitive prices for buyers and connecting sellers and buyers from different markets.
The company manages all aspects of the transaction, from complementary valuation based on real-time market data to handling logistics, pick-up, and payment processing. Cardino screens sellers and inspects vehicle condition, history, and battery reports for quality assurance. The vehicle is collected within seven days and delivered across Europe without the seller ever leaving home.
Plans for 2024 include expanding consumer services to France, on the seller side, and enhancing the platform’s features, such as the introduction of a proprietary online battery range check to set new benchmarks in the EV market.
FinSMEs
11/06/2024