Nico Rosberg-Backed Cardino Secures €4 Million Seed Funding

Cardino, a company in the used electric vehicle (EV) market, has recently announced its successful €4 million seed funding round, led by Point Nine. The round received support from various distinguished angel investors and notable figures, including key investors from platforms such as Rosberg Ventures,, Bolt, HomeToGo, Dance, and HeyJobs.

Cardino facilitates the sale of used electric vehicles via a digital platform, leveraging a robust network of trusted dealers across Europe. This model streamlines the sales process and promotes a sustainable and circular economy by enabling the transfer of used EVs to new owners.

Private sellers enjoy a free, seamless experience and an 80% likelihood of receiving a binding offer within 72 hours of listing. The company manages all aspects of the transaction, from complimentary valuation based on real-time market data to handling logistics, pick-up, and payment processing. Vehicles are collected within seven days and delivered across Europe without the seller needing to leave home.

This significant investment demonstrated the market's confidence in Cardino's business model and its current growth trajectory. Notably, Cardino achieved nearly 50% quarter-over-quarter growth in Q1 of 2024, and its annualised Gross Merchandise Value (GMV) soared to €100 million. Such figures underscored Cardino's position in the rapidly evolving landscape of electric vehicles.

Cardino equips car dealerships with an advanced toolkit to efficiently source EVs. The greatest value for dealers is the ease of access to supply from different markets and the high quality of cars with low mileage and no damage. Cardino screens sellers and inspects vehicle condition, history, and battery reports for quality assurance.

The platform provides comprehensive vehicle profiles and enables direct bidding, simplifying the acquisition process, generating competitive prices for buyers, and connecting sellers and buyers from different markets.

Nico Rosberg of Rosberg Ventures shared his excitement about the platform's impact, saying: "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 dedicated to revolutionising the used EV marketplace through its digital-first approach, making the process convenient and efficient for sellers and dealers," says Henrik Sachs and Lukasz Pajak, Founders.

The company was founded in 2022 to transform the used electric car market.

As Cardino's services extend further across Europe, its commitment to innovation and sustainability in the automotive sector remains steadfast. Plans for 2024 include expanding consumer services to France, on the seller side, and enhancing the platform’s features, such as the introduction of a proprietary online battery range check to set new benchmarks in the EV market.