Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day.

In a statement, Carsome said the five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and SparexHub Genuine (car spare parts marketplace).

Established in partnership between Carsome and Sunway Innovation Labs (iLabs), the four-month CARSOME Mobility Lab Accelerator Program is the first auto ecosystem-focused accelerator in Malaysia and ASEAN, that aims to support up and rising startups in their innovation, funding and scaling journey.

“We look forward to continuously supporting these startups alongside Carsome, who have been a very engaging partner in strengthening the talent pool and accelerating innovation in our ecosystem.” said Matt van Leeuwen, Chief Innovation Officer of Sunway Group and Director of Sunway iLabs.

In addition to potential commercialisation of successful pilots, startups at the end of their respective pilot projects stand to receive an investment of up to $25,000 from the Carsome Mobility Lab, to further extend their impact and complement Carsome and Sunway in the wider automotive ecosystem.

“We are honoured to play an integral part of the accelerator program and provide guidance to up-and-rising startups,

“Through this program, we hope to find a partner capable of delivering cutting-edge innovation to strengthen our ecosystem and offering as we continue to deliver an elevated car ownership experience to our customers,” said Carsome Co-founder and Group Chief Executive Officer Eric Cheng.

Under the mentorship from Carsome and Sunway iLabs, these five startups brought forward unique propositions and presented their progress to Carsome and Sunway;s management team, prominent venture capitals, angel investors and industry leaders.

Throughout the program, these five and other shortlisted startups were given access to a range of assistance and expertise including:

● Mentorship and hands-on workshops organised by entrepreneurs and industry experts in collaboration with relevant Carsome and Sunway business units
● Tapping into Carsome and Sunway’s funding network of angel investors and venture capital firms.
● Up to $100,000 per startup in AWS Activate credits ranging from tech support, workshops, to events access from AWS
● Up to $150,000 per startup in Microsoft Azure credits, mentorship and technical guidance as part of Microsoft for Startups Founders Hub
● Leverage Carsome’s digital expertise and gain insight into collaborations
● Test and validate solutions in Carsome and Sunway’s thriving ecosystem
● Access to technology talents from Sunway University and 42KL

Carsome said the firm is committed to continue innovating the mobility ecosystem and collaborate with synergistic startups to drive business growth, create new products and services, and optimize productivity through project integrations within Carsome’s ecosystem.

It said these partnerships complement Carsome’s ongoing efforts to eliminate industry pain points, instill greater trust and transparency in the ecosystem, and ultimately bring about a delightful customer experience.

Carsome is Southeast Asia’s largest integrated car e-commerce platform. With operations across Malaysia, Indonesia, Thailand and Singapore, Carsome aims to digitize the region’s used car industry by reshaping and elevating the car transaction and ownership experience.

Together with subsidiary brands iCar Asia, WapCar and CarTimes, Carsome provides end-to-end solutions to consumers and used car dealers across the decision funnel, from car content consumption, car inspection, ownership transfer to financing and other ancillary services.

Carsome currently has more than 4,000 employees across all its offices in Asia.

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