6 Electric Vehicles Shop Success Stories [2023]

6 Electric Vehicles Shop Success Stories [2023]
Start An Electric Vehicles Shop

Electric car shops sell, lease, and can buy back used electric vehicles for re-sale. The increased demand for electric vehicles opens up the opportunity for car dealerships.

If you could start an electric car shop, it could be a promising business opportunity for you since more people are considering EVs as an alternative to gas-powered cars.

Here are some real life success stories of starting a electric vehicles shop:

1. Rydable ($1.14M/year)

Kartik Gurmule & Terry McGinnis (from Los Angeles, California, USA) started Rydable over 4 years ago.

Revenue
$95K / month
Team
2 founders / 5 employees
Location
Los Angeles, California, USA

Case Study

Terry McGinnis and Kartik Gurmule are the Co-Founders of Rydable. Terry is an alumni of Massachusetts Institute of Technology and Oxford University and has immense experience in the fields of fashion, marketing and e-commerce. Kartik is a teenage entrepreneur from India who started KASA. Together, Terry and Kartik have started multiple ventures in the fields of e-commerce, online services and fashion.

Rydable is an online retailer of electric powered skateboards, scooters and hoverboards. We have leaders in electric vehicle brands like Zimo, Taluer and also Rydable branded skateboards. We launched our website in January 2020 and have seen substantial growth in the community and social media.

how-we-started-a-95k-month-evehicles-online-retailer

2. CarGurus

Unbiased car reviews and over a million opinions and photos from real people. Use CarGurus to find the best used car deals.

  • Website traffic: 54.2M/month
  • Business rank: #1.43K

Check out their full website ➜

Learn more about starting an electric vehicles shop:

Where to start?

-> How much does it cost to start an electric vehicles shop?
-> Pros and cons of an electric vehicles shop

Need inspiration?

-> Examples of established electric vehicles shop

Other resources

4. Vroom

Buy, sell or trade-in your car entirely online. No haggle, no pressure. Easy online financing available. Cars delivered straight to you.

  • Website traffic: 2.74M/month
  • Business rank: #22.1K

Check out their full website ➜

5. Shopmonkey

Shopmonkey - Smart & Simple Shop Management Software for Mechanics, Auto Shops, & Repair Shops. Quotes, Invoices, & More. Get Started For Free!

  • Website traffic: 330K/month
  • Business rank: #81.1K

Check out their full website ➜

Pat Walls,  Founder of Starter Story
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