# Plug Raises $20 Million Series A to Scale EV-First Marketplace as Used EV Market Expands

Feb 2

Written By [Jessica Shah](/content/news-release?author=6814e93bb5e08e0c93f1329e/index.html)

[Plug](https://plugmotors.com/) is emerging as a core infrastructure layer for the rapidly expanding used EV market. Since its 2024 launch, the marketplace has facilitated more than $60 million in used EV sales, and in Q4 2025, the company sold more electric vehicles than it did during all of 2024.