Ever has raised $31 million in Series A funding as it emerges from stealth to expand its AI driven auto retail platform. The round was led by Eclipse, with participation from Lifeline Ventures, Ibex Investors, Maki VC, Joint Effects, and JIMCO, the global investment arm of the Jameel Family. The funding brings Ever’s total capital raised to approximately $100 million across equity and debt financing.

This investment reflects growing confidence in AI driven platforms that automate complex retail operations. Ever is targeting one of the largest retail segments in the United States, where inefficiencies and fragmented systems continue to create operational challenges.

AI Targets a Massive and Fragmented Auto Retail Market

Auto retail represents a $1.2 trillion market in the United States alone. Despite its size, the industry still depends heavily on manual processes, disconnected software systems, and fragmented dealership operations. This creates delays, reduces efficiency, and limits transparency for both consumers and operators.

The transition to electric vehicles has introduced additional complexity. Dealers must manage battery health, fragmented inventory, and evolving customer expectations. This requires more advanced infrastructure capable of handling operational workflows at scale.

“Despite the size and importance of the U.S. auto retail sector, the industry has struggled with modern consumer journeys and the daily operational complexity. We rebuilt the system with AI at the core. Today, that approach is powering real transactions, with a live operation in San Francisco and thousands of customers across 40 different states and counting. The result is a more flexible and transparent customer experience and a business model that performs at scale.”

Lasse-Mathias Nyberg, co-founder and CEO of Ever.

Ever’s platform replaces traditional dealership software with a proprietary operating system built around AI automation. The system manages sourcing, pricing, vehicle listings, merchandising, and sales operations in a unified workflow. This integrated approach allows the company to automate operational tasks and improve efficiency. The company reports sales team productivity three times higher than the used car industry average.

New Capital Will Support Expansion and National Growth

Ever plans to use the new funding to expand its engineering team and strengthen operational capabilities. The company is preparing to scale its platform nationwide and support increasing customer demand.

Expanding technical and operational teams will allow Ever to accelerate platform development and improve automation capabilities. The company aims to support a broader range of vehicle inventory, customer transactions, and operational workflows.

“Auto retail is a complex, unforgiving business where small inefficiencies compound quickly to erode economics and customer experience. Ever’s end-to-end AI-native platform is an industry-first for the auto market, enabling scalability while maintaining disciplined economics and putting the customer experience first.”

Jiten Behl, partner at Eclipse and former Rivian executive.

The funding also strengthens Ever’s leadership structure. Jiten Behl has joined the company’s board of directors, while Joe Fath, partner and Head of Growth at Eclipse, has joined as a board observer. These additions bring operational and investment experience that will support Ever’s expansion strategy and long term growth.

Founded by Automotive and Technology Industry Veterans

Ever was founded by a team with experience across automotive, technology, and financial sectors. The founding team includes professionals who previously worked at companies such as Uber, Rivian, Tesla, Lyft, and Shopify.

This background allows the company to develop infrastructure designed specifically for modern vehicle retail. The platform integrates online and physical retail experiences into a single operational system.

Ever’s operating system supports omnichannel transactions. Customers can buy or sell vehicles online, complete transactions in person, or move between digital and physical channels.

The company is already operating live in San Francisco and serving customers across 40 states. Early adoption demonstrates growing demand for automation in vehicle retail.

Origianl Creator: Paulo Palma
Original Link: https://justainews.com/companies/funding-news/ever-raises-31m-series-a-for-ai-auto-retail-platform/
Originally Posted: Fri, 13 Feb 2026 15:39:50 +0000