Investment by former German and Finnish F1 champion Nico Rosberg accelerates Cardino’s efforts to transform the used electric vehicle market

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Nico Rosberg, the German-Finnish former Formula 1 champion turned sustainability entrepreneur, is making waves in the startup world with Rosberg Ventures. With transformative enterprises in mind, Rosberg Ventures focuses on sectors such as artificial intelligence, software, blockchain, climate technologies and productivity, with the aim of accelerating innovation and driving positive change around the world. Rosberg recently supported Berlin-based startup Cardino in its mission to transform the used electric vehicle (EV) market.

Cardino announced a successful €4 million seed funding round led by Point Nine. A number of prominent business angels and high-profile individuals also participated in the round, including key investors from platforms such as Rosberg Ventures, Vinted, Bolt, HomeToGo, Dance and HeyJobs. The Cardino platform facilitates the sale of used electric vehicles through the digital marketplace, connecting sellers with a network of trusted dealers across Europe. The company plans to use the funds to further develop its consumer services, focusing on improving the platform’s features and expanding its reach across Europe.

Founded in 2022, Cardino has quickly become an industry pioneer by offering a digital platform that simplifies the sale of used electric vehicles. Private sellers benefit from a hassle-free service and have an impressive 80% probability of receiving a firm offer within 72 hours of listing. Cardino handles all aspects of the transaction, from pricing to logistics, collection and payment processing, making the process seamless for sellers.

Rosberg Ventures, founded by former Formula 1 champion Nico Rosberg, is a significant player in the world of start-up investment, particularly in transformational companies. With a strong focus on sustainability and innovation, Rosberg Ventures strives to support impactful global innovation in start-ups. The company quickly gained traction, managing over $50 million and strategically investing in companies in key sectors such as artificial intelligence, software, blockchain, climate technologies and productivity. Through strategic investments and partnerships, Rosberg Ventures aims to accelerate positive change and drive transformational business growth.

Rosberg, a strong supporter of sustainability in the automotive sector, expressed his excitement about Cardino’s impact, stating: “The future of cars is electric. For this, we need a sustainable used car market. Henrik, Łukasz 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’s why I’m glad that as an investor I can support this mission.”

Cardino’s innovative approach has led to impressive growth, achieving almost 50% quarter-on-quarter growth in the first quarter of 2024 and an annual gross merchandise value (GMV) of €100 million. The company plans to expand its consumer services to France in 2024 and introduce new features to enhance the platform’s offerings.

Henrik Sachs and Łukasz Pajak, co-founders of Cardino, emphasized their commitment to revolutionizing the used electric vehicle market, stating: “Cardino aims to revolutionize the used electric vehicle market through its digital-first approach, making the process convenient and efficient for sellers and dealers “,

With Rosberg’s investment, Cardino is well positioned to continue its journey towards transforming the used electric vehicle market, driving sustainability and innovation in the automotive sector.

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