Plug Raises $20 Million Series A to Scale EV-First Marketplace as Used EV Market Expands

Written By Jessica Shah

Plug is emerging as a core infrastructure layer for the rapidly expanding used EV market. Since its 2024 launch, the marketplace has facilitated more than $60 million in used EV sales, and in Q4 2025, the company sold more electric vehicles than it did during all of 2024.

Jessica Shah
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