Ever, the First AI-Native Auto Retailer Focusing on EVs, Raises Series A Bringing Total Funding to $100M
Ever, the company developing the first AI-native, full-stack auto retail platform focusing on electric vehicles (EVs), emerged from stealth and announced an oversubscribed $31 million Series A financing. The round was led by Eclipse, with participation from existing and new investors including Lifeline Ventures, Ibex Investors, Maki VC, Joint Effects, and JIMCO, the global investment arm of the Jameel Family. The raise brings Ever’s total capital to approximately $100 million across equity and debt facilities. The company announced the news on February 12, 2026.
Auto retail is the largest segment of the U.S. retail economy, representing a $1.2 trillion market, yet it remains burdened by manual workflows, fragmented operations, and outdated third-party software. While some recent models have pushed transactions fully online or optimized narrow slices of the dealership experience, they often introduce new friction and limit flexibility for both consumers and operators. The accelerating shift to electric vehicles has added further complexity, from inventory fragmentation and battery health considerations to consumer education and pricing transparency. Solving these challenges requires a system built to manage complexity end to end.
Ever is addressing this gap by replacing legacy point solutions with a proprietary, AI-native operating system and vertically integrated operations. Its platform automates and coordinates hundreds of steps across sourcing, pricing, merchandising, sales, and vehicle operations. This foundation enables a faster, more flexible, and more cost-efficient customer experience, while driving meaningful performance gains, including automated pricing and merchandising and sales productivity that is three times the used-car industry average. Ever’s platform is also designed to support a true omnichannel model, allowing customers to transact fully online, entirely in person, or seamlessly across both, with a strong focus on electric vehicles.
“Auto retail has struggled to keep pace with modern consumer expectations and growing operational complexity,” said Lasse-Mathias Nyberg, co-founder and CEO of Ever. “We rebuilt the system with AI at the core, and it’s already powering real transactions. With live operations in San Francisco and customers across more than 40 states, we’re proving that a more transparent experience and a scalable business model can coexist.”
Ever was founded by a team with deep experience across automotive, consumer technology, and finance, with prior roles at companies including Uber, Rivian, Tesla, Lyft, and Shopify. That cross-disciplinary background enables the company to build and operate the complex systems required for national scale.
“Auto retail is an unforgiving business where inefficiencies quickly compound,” said Jiten Behl, partner at Eclipse and former Rivian executive. “Ever’s end-to-end, AI-native platform is a first for the industry, combining scalability, disciplined economics, and a customer-first experience.”
As part of the financing, Behl has joined Ever’s board of directors, while Joe Fath, partner and Head of Growth at Eclipse, has joined as a board observer. The new capital will be used to expand Ever’s engineering and operations teams and accelerate nationwide growth.
