Accelerating mainstream adoption of electric vehicles by helping buyers of used EVs understand battery health and transact with confidence.
Why we invested
This is a bet on a growing market for used EVs and the criticality of being able to remotely assess the remaining life of the battery in order for the consumer to be an informed buyer. We knew the Founder and lead seed investor from a prior portfolio company and liked their thoughtful approach to building a business from a clean sheet of paper.
Why this work matters
The broad adoption of electric vehicles depends on a secondary market with accurate values and information. Recurrent is creating that by offering confidence in used electric cars with industry-leading battery reports for buyers and sellers, including partnerships with some of the biggest brands in the automotive sector.