Cardino funding news – Berlin-based Cardino Secures €4 Million in Seed Funding

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The market's faith in Cardino's creative business strategy and outstanding growth trajectory is demonstrated by this sizeable investment. Notably, Cardino's annualised Gross Merchandise Value (GMV) shot to an astounding €100 million in Q1 of 2024, with nearly 50% quarter-over-quarter increase. These numbers highlight Cardino's role as a pioneer in the quickly changing field of electric cars.

Henrik Sachs and Lukasz Pajak, Founders said, “Cardino is dedicated to revolutionizing the used EV marketplace through its digital-first approach, making the process convenient and efficient for sellers and dealers,”.

Cardino gives auto dealerships a cutting-edge toolkit so they can find EVs quickly. The convenience of obtaining supplies from various marketplaces and the superior quality of cars with little mileage and no damage are dealers' greatest assets. For quality control, Cardino verifies sellers and looks over car history, condition, and battery records.

The website facilitates 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.

Nico Rosberg of Rosberg Ventures shared his excitement about the platform’s impact: “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. That is why I am happy to support this mission as an investor.”

Cardino is still fully committed to innovation and sustainability in the automobile industry even as its services spread farther throughout Europe. Plans for 2024 call for improving the platform's functionality, like adding a patented online battery range check to create new standards in the EV market, and extending seller-side consumer services to France.

About Cardino

Founded in 2022, Cardino aims to revolutionise the secondhand electric vehicle market. It makes it possible to sell used electric cars online by utilising a strong network of reliable dealers around Europe. This effective methodology facilitates the transfer of used EVs to new owners, which not only speeds up the sales process but also supports a circular and sustainable economy.