Plug Technologies Inc

Used electric vehicle marketplace

Plug runs a marketplace for used electric vehicles, built for electric from the ground up rather than adapted from legacy automotive tooling. Consumers get an instant cash offer within minutes, priced from data and a battery state-of-health assessment, with pickup, payment and title transfer handled end to end. Franchise and independent dealers across the United States then bid in real time on that inventory, sourced from consumers, dealers and commercial partners. The result gives sellers a fast exit and dealers a dedicated channel for used EV stock. Founded in 2023 and led by former Tesla executives, it has facilitated 100 million dollars in EV sales.