Cardino operates a digital platform that facilitates the sale of secondhand electric vehicles by connecting sellers with a network of verified dealers in Scandinavia, ensuring competitive pricing through an auction model. The platform streamlines the sales process by managing all communication and logistics, allowing sellers to receive offers within three days and complete transactions with minimal effort.
Funding
$6.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Selling used electric vehicles (EVs) through traditional methods can be inefficient, often resulting in lower prices and a time-consuming process for sellers. Many dealerships lack expertise in EVs, making it difficult for sellers to receive fair valuations and limiting the pool of potential buyers.
Solution
Cardino provides a digital platform that streamlines the sale of used EVs by connecting sellers with a network of over 1,500 verified dealerships across Europe. The platform offers a fully digitized sales process, including a digital vehicle inspection, valuation based on real-time market data, and auctioning to the highest bidder. Cardino manages all aspects of the transaction, from logistics and pick-up to payment processing, ensuring a seamless experience for sellers. This approach maximizes value for sellers by creating a competitive auction environment and provides dealerships with access to a high-quality supply of pre-screened EVs.
Target Audience
Cardino primarily targets EV fleet managers, leasing companies, car rental companies, and individual EV owners looking for a streamlined and efficient way to sell their used electric vehicles. The platform also serves car dealerships seeking to efficiently source high-quality used EVs from various markets.
Features
- Digital vehicle inspection process for accurate valuation
- Auction platform connecting sellers with over 1,500 dealerships
- Real-time market data analysis for competitive pricing
- Management of logistics, pick-up, and payment processing
- Pre-payment to sellers for added security
- Vehicle collection within seven days
- Comprehensive vehicle profiles for dealerships, including condition, history, and battery reports
- Proprietary online battery range check