San Francisco-based Ever, an all-electric vehicle marketplace, just closed a $31 million Series A led by Eclipse, marking one of the first major funding rounds in the EV resale space this year. The startup says its AI-first approach to pricing, sourcing, and matching buyers with electric vehicles has allowed it to scale faster than traditional used car platforms, positioning it as a potential challenger to giants like Carvana in the rapidly growing EV segment.
Ever is betting that the used electric vehicle market needs its own dedicated platform, and Eclipse just put $31 million behind that thesis. The San Francisco startup announced the Series A round today, bringing fresh capital to a space that's heating up as EV adoption reaches critical mass and early electric vehicle buyers start trading in their first-generation models.
The funding comes at an inflection point for the EV resale market. As vehicles like the Tesla Model 3 and Model Y age into their second ownership cycles, buyers are discovering that traditional used car platforms aren't equipped to handle the unique considerations of electric vehicles, from battery health assessments to charging infrastructure compatibility. Ever says it's built its entire stack around these EV-specific challenges.
What sets Ever apart, according to the company, is its AI-first architecture. While Carvana and other online car marketplaces bolted AI tools onto existing infrastructure, Ever designed its pricing algorithms, inventory sourcing, and buyer matching systems with machine learning at the core from day one. The result, the startup claims, is faster scaling with leaner operations than traditional car marketplace models.
Eclipse's investment signals growing venture confidence in vertical marketplaces that serve specific vehicle segments rather than trying to be everything to everyone. The firm has previously backed infrastructure and enterprise companies, making this consumer-facing bet particularly notable. The funding round suggests Eclipse sees potential for Ever to capture meaningful share as the EV market matures and buyers demand platforms that understand electric vehicle nuances.
The timing aligns with broader shifts in automotive retail. Legacy dealerships have struggled to train staff on EV technology, creating friction for buyers trying to trade in or purchase used electric vehicles. Online platforms initially treated EVs like any other car, leading to mispricing and buyer confusion about range degradation and battery warranties. Ever is positioning itself as the solution purpose-built for this gap.
