Ever Transforms Auto Retail with $31 Million Series A Funding for AI-Native Platform

Ever Unveils Revolutionary AI-Native Auto Retail Platform

In a significant leap towards modernizing the automotive retail sector, Ever has emerged from stealth mode, announcing an impressive $31 million in Series A funding. The round, which was oversubscribed, was led by Eclipse, along with contributions from an array of co-investors such as Lifeline Ventures, Ibex Investors, Maki VC, and more. This latest funding pushes Ever's total financial backing to nearly $100 million across both equity and debt resources.

Ever's mission is bold: to reshape the landscape of U.S. auto retail, a colossal $1.2 trillion market largely stuck in the past due to outdated processes, reliance on third-party systems, and operational fragmentation. The traditional dealership model has faced increasing pressures, particularly with the rise of electric vehicles (EVs), creating new hurdles in inventory management, selection, and consumer education.

Recognizing the need for an overhaul, Ever seeks to replace these antiquated legacy systems with its pioneering AI-native operating platform. This proprietary system automates a multitude of operations, streamlining various steps involved in sourcing, pricing, merchandising, and vehicle sales. By doing so, Ever not only enhances operational efficiency but also significantly uplifts the customer experience, offering a seamless process for vehicle transactions.

Ever's innovative approach allows for real-time automation in vehicle pricing, effective listing and merchandising processes, and a sales team productivity rate that is reported to be thrice the average seen in the used car industry. This evolution enables the company to present an exceptional offering in the electric vehicle market while promoting a true omnichannel experience that accommodates consumers wanting to buy or sell cars online or in-person, or even switch between the two.

According to Lasse-Mathias Nyberg, co-founder and CEO, the existing auto retail paradigms have struggled to adapt to changing consumer demands and the intricacies of daily operations. His vision for Ever was to integrate AI at the core of its model, resulting in a powerful system already performing live operations across 40 states and generating thousands of customer transactions.

The backing by Eclipse denotes a strong belief in Ever's vision. Jiten Behl, a partner at Eclipse, emphasizes that the auto retail space is tightly intertwined with customer satisfaction; any small inefficiencies can spell disaster for both economics and user experience. By developing an end-to-end AI-native platform, Ever stands to offer both scalability and a commitment to prioritizing the customer.

This fresh infusion of capital is earmarked to expand Ever’s engineering capabilities and accelerate growth on a national scale, enhancing its operational dexterity to meet rising demands.

Co-founded by a team with robust expertise across automotive, finance, and consumer technology—including notable backgrounds at companies like Uber, Rivian, Tesla, and Shopify—Ever is engineered to tackle the complexities of modern auto retail contending for strategies that truly resonate with contemporary consumer journeys.

To find out more about Ever and its services, interested parties can visit Ever's website for additional information on current offerings and career opportunities. As Ever charges forward, it is redefining expectations in the automotive retail sector and shaping a future where technology and consumer choice converge seamlessly.