When was Plug Motors founded?

Plug Motors was founded in 2019 and raised its 1st funding round 7 years after it was founded.

Where is Plug Motors located?

Plug Motors is headquartered in San Francisco, United States.

How many employees does Plug Motors have?

As of Jul 31, 2026, the latest employee count at Plug Motors is 51.

Is Plug Motors a funded company?

Plug Motors is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Feb 02, 2026.

When was the latest funding round of Plug Motors?

Plug Motors' latest funding was a $***** Series A round on Feb 02, 2026, with participation from 5 investors.

Where does Plug Motors rank among its competitors?

Plug Motors ranks 10th amongst 127 active competitors, of which 4 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Plug Motors, which secured $20M in Feb, 2026.

Who are the top competitors of Plug Motors?

Plug Motors' top competitors include TrueCar, Cars.com and CarGurus. Among them, Plug Motors secured the most recent funding round in February, 2026.

Plug Motors - 2026 Company Profile, Funding & Competitors

Company Details

Online marketplace facilitating the buying and selling of used electric vehicles. It provides solutions for individuals, dealers, and commercial partners to sell EVs. The platform offers valuations, guaranteed offers, and fast transactions. It also provides an auction service for dealers to access EV inventory.

Website: plugmotors.com
Social
Email ID: *****@plugmotors.com, *****@plugmotors.com, *****@plugmotors.com, *****@plugmotors.com, *****@plugmotors.com

Key Metrics

Founded Year

2019

Location

San Francisco, United States

Stage

Series A

Total Funding

$20M in 1 round

Latest Funding Round

Series A, Feb 02, 2026, $*****

Investors

Lightspeed Venture Partners & 4 more

Ranked

10^th among 127 active competitors

Employee Count

51 as on Jul 31, 2026

Similar Companies

Blive & 14 more

View Plug Motors' full profile

Plug Motors has raised a total funding of $20M over 1 round. Its latest funding round was a Series A round on Feb 02, 2026 for $*****. 5 investors participated in its latest round. Plug Motors has 5 institutional investors.

Here is the list of recent funding rounds of Plug Motors:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2026	7334826	Series A	2501405	5135563	5209576	4387178

Access funding benchmarks and valuations. Sign up today!

View details of Plug Motors's funding rounds and investors

Plug Motors' employee count trend

Plug Motors has 51 employees as of Jul 26. Here is Plug Motors's employee count trend over the years:

Uncover Plug Motors' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Plug Motors include TrueCar, Cars.com and CarGurus. Here is the list of Top 10 competitors of Plug Motors, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TrueCar 2005, Santa Monica (United States), Acquired	Online new and used cars listing platform	$270M	Allen & Company, USAA & 22 others	76/100
2nd	Cars.com 1998, Chicago (United States), Public	Online retailer of new and used cars, providing reviews	-	Starboard Value, Putnam & 1 others	74/100
3rd	CarGurus 2006, Cambridge (United States), Public	Online retailer of used and new cars with financing options	$1.75M	Vitruvian Partners, Ithaka Partners & 1 others	74/100
4th	Edmunds.com 1966, Santa Monica (United States), Acquired	Online listing platform for multi-category used vehicles & price comparison	$50M	CarMax, Dover Madison Capital Management	71/100
5th	Carsales 1998, Melbourne (Australia), Public	Online listing platform for used cars	-	AUI, AMCIL & 2 others	67/100
6th	Autotrader 1998, Atlanta (United States), Acquired	Online listing platform for for used & new cars	-	Tugboat Ventures, Kleiner Perkins & 1 others	66/100
7th	CarsDirect 1998, El Segundo (United States), Acquired	Online dealer of used & new cars	$310M	Saints Capital, State48 Ventures & 6 others	55/100
8th	Carloha 2014, New York City (United States), Series A	Automotive company providing new/used vehicles, rentals, fleet management, and supply chain solutions	$5M	-	47/100
9th	iMotors 1999, Walnut Creek (United States), Series C	Online classified platform of new & used cars	$142M	grpartners.com.au, Meritech & 8 others	47/100
10th	Plug Motors 2019, San Francisco (United States), Series A	Online marketplace facilitating the buying and selling of used electric vehicles	$20M	Lightspeed Venture Partners, Autotech Ventures ... & 3 others	47/100