Ever, the pioneering AI-native marketplace for electric vehicles, has raised $31 million in a Series A funding round.
The round was led by Eclipse, with participation from Ibex Investors, Lifeline Ventures, and JIMCO, the investment arm of the Saudi Jameel family known for early backing of Rivian.
AI-Powered Disruption in EV Retail
Ever operates as a full-stack auto retail business exclusively for used EVs, blending digital convenience with physical inspection locations to ease first-time buyer concerns.
Jiten Behl, Eclipse partner and former Rivian executive, championed the investment, viewing Ever as a game-changer in a market where digital retailers like Carvana hold single-digit shares.
Unlike competitors' bolt-on AI tools, Ever's ground-up AI orchestration layer streamlines complex processes like appraisals, pricing, and titling, boosting sales team productivity by two to three times.
Addressing EV Market Challenges
Co-founder and CEO Lasse-Mathias Nyberg highlighted how Ever eliminates frictions in buying and selling, creating a unified experience amid cooling U.S. EV demand.
The funding will fuel national scaling, enhancing inventory management and customer workflows to capture growing demand for seamless digital car transactions.
Historically, pioneers like CarMax and Carvana digitized auto sales, but Ever's EV focus and agentic AI position it to lead the next wave.
Behl envisions customers flocking to frictionless digital experiences, potentially expanding Ever's model beyond EVs in the future.
This investment underscores investor confidence in AI's transformative impact on auto retail, promising lower prices or higher margins for sustainable growth.
As EV adoption accelerates globally, Ever aims to become the go-to platform, bridging online ease with real-world trust.
Alfred Lee
