FundedIQ
Commerce and Shopping

Plug: Funding, Investors & Team (Sep 2026)

Plug is a platform where dealers can participate in auctions to buy and sell pre-owned electric vehicles online.

plug.vin LinkedIn Santa Monica, United States 11-50 employees
Automotive Electric Vehicle Wholesale
Total raised
$6.7M
Rounds
1
Latest
Seed
Apr 2025

Plug has raised $6.7M across 1 funding round on record, the most recent a Seed of $6.7M announced in Apr 2025.

That round is above the $3.5M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.

Plug Company Profile and Key Stats

Total funding raised
$6.7M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$6.7M in Apr 2025
Employees
11-50
reported band
Headquarters
Santa Monica, United States

Latest funding round on record: Apr 2025.

Plug Funding Rounds

Date
Round
Amount
Seed
$6.7M

Plug Founders and Leadership Team

Name
Role
Contact
Stefano Palazzese
Founder
—

No contact details are on record for this team yet.

Plug Funding Compared to Other Commerce and Shopping Startups

Segment
Companies
Median round
29,981
$7.5M
16,790
$3.1M

Plug's latest round of $6.7M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.

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Plug Funding FAQs

What does Plug do?

Plug is a platform where dealers can participate in auctions to buy and sell pre-owned electric vehicles online.

How much funding has Plug raised?

Plug has raised $6.7M across 1 round on record. The most recent is a Seed of $6.7M announced in Apr 2025.

When did Plug last raise funding?

Plug's most recent funding round on record is a Seed of $6.7M, announced in Apr 2025.

Who founded Plug?

FundedIQ lists Stefano Palazzese (Founder) at Plug.

Where is Plug headquartered?

Plug is based in Santa Monica, California, United States.

How many employees does Plug have?

Plug is in the 11-50 employee band.

How does Plug's funding compare to other Commerce and Shopping startups?

Plug's latest round of $6.7M is above the $3.5M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.

About FundedIQ's Plug Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Plug is left off this page rather than filled in.

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