This Munich Startup Just Raised $4.4M to Fix the Used EV Market—Here's How

Jan de Vries · 2026-07-23

The used electric vehicle market in Europe is a mess. It's fragmented, slow, and still runs on outdated processes that feel like they belong in the 1990s. But one Munich-based startup thinks it has the answer—and just raised $4.4 million to prove it. Aampere, a fully digital resale platform for used EVs, has secured the funding to expand across Europe. The round was led by Estonian VC Trind Ventures, with Vend Marketplaces ASA—the Nordic powerhouse behind FINN.no, Blocket, and Bilbasen—coming in as a minority investor. Consumer investor G-FUND also joined, along with existing backers like GIMIC increasing their stakes. Several experienced business angels from the automotive industry are in the mix too. "With fresh capital and strong new partners by our side, we're accelerating our expansion and further building our position in the European market," said Florian Reister, founder and CEO of Aampere. ### What Aampere Actually Does Founded in 2023 by Reister, Niko Schmidt (CGO), and Maximilian Rost (CPO), Aampere runs a pan-European platform for selling used electric cars. The whole process is digital end-to-end, which is rare in this space. Here's how it works: - Sellers (private or commercial) submit their EV to the platform - A self-learning pricing algorithm evaluates the vehicle - A digital condition-and-history check runs automatically - The car goes into a pan-European dealer auction - Within 48 hours, the seller gets a binding purchase offer - If they accept, Aampere transfers the money—even before pickup - The vehicle is collected from the seller's home Aampere handles everything: valuation, payment, logistics. The seller doesn't have to deal with hagglers, tire-kickers, or paperwork nightmares. ### Why This Matters for the EV Transition The company makes a compelling point: the secondary market for EVs is what will determine how fast mass-market electric mobility takes off. Not everyone can afford a new electric car. Without a fast, reliable used-car market, the whole transition stalls. "Electromobility is on the rise across Europe—but the secondary market for used EVs is still fragmented and inefficient," Reister added. "Right now, what's needed is infrastructure for this secondary market. Aampere is building the platform for it." ### The Numbers Behind the Hype Aampere isn't just a concept. The company reports selling several thousand electric vehicles annually, with revenue quadrupling over the past year. The team has grown to over 25 employees. "Flo, Maxi, and Niko have delivered exceptionally in a short time—with around 4x growth over the past year and a customer experience that keeps getting better for sellers and buyers alike," said Taavi Lepmets, Partner at Trind Ventures. ### What's Next The fresh capital will be used to scale both sides of the marketplace. On the seller side, Aampere is opening up new acquisition channels and partnerships to bring more vehicles onto the platform. On the buyer side, it's expanding its dealer network and entering new European markets. For an industry that's still stuck in national silos with opaque procedures, Aampere's approach feels like a breath of fresh air. If they can pull off a truly pan-European platform, they might just become the infrastructure that the used EV market desperately needs.