If you want to buy or sell a used EV right now, what’s the first step you’d take?
A startup called Ever wants to be the answer to that question. The company, which bills itself as the first “AI-native, full-stack auto retail business” for electric vehicles, already has thousands of customers buying and selling their EVs on the platform.
Now it’s looking to scale with help from a $31 million Series A funding round led by Eclipse, with Ibex Investors, Lifeline Ventures, and JIMCO — the investment arm of the Saudi Arabian Jameel family (an early investor in Rivian) — as co-investors.
Over the last decade, companies like Carvana and Carmax helped usher in the digital car-buying experience. More recently, myriad startups have tried to improve the car-buying experience with AI, pitching ideas like voice agents or smarter scheduling software. Eclipse’s Jiten Behl thinks this is the wrong approach if you want to really modernize the automotive retail experience, though.
“These bolt-on AI tools are band-aids,” he said in an interview with TechCrunch. He likened it to how many major automakers’ first EVs were essentially combustion vehicles that were repackaged to fit electric drivetrains. That approach came with major tradeoffs compared to designing a new EV from the ground up, which was the approach companies like Tesla and Rivian took.
“Auto retail is a perfect candidate for disrupting with AI, you know? It’s a lot of process, lot of labor, [very] rules-based,” he said.
Lasse-Mathias Nyberg, Ever co-founder and CEO, said in an interview that buying or selling a car typically triggers “hundreds or thousands of different actions” that a retailer needs to perform in order to complete the transaction. “There’s massive complexities or frictions on both sides.”
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