Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, announced on Tuesday a strategic investment round of more than $30 million from a set of new and existing investors including the Hong Kong Investment Corporation Limited (HKIC), Gobi Partners, and Asia Partners.

This fundraise underscores the investors’ confidence in Carsome’s journey to profitability and long-term vision across the region, as demonstrated by the recent record FY25 results. These funds will further accelerate its profitable growth in the region for the coming years, the company said in a statement.

This investment and partnership reflect a shared ambition to strengthen connections between Southeast Asia and Greater China, leveraging Hong Kong’s role as a regional gateway for advanced automotive capabilities, technology development, and global talent.

With the support from the HKIC, Carsome will drive initiatives across areas such as supply chain sourcing and technology collaboration, accelerating the application of data and artificial intelligence (AI) in the automotive sector, which further empowers Carsome for its regional expansion.

“This strategic collaboration and fundraise is a vote of confidence in our continued momentum and long-term vision. This partnership gives us crucial access to innovation capabilities, cross-border networks, and world-class talent that will support our work in AI, data, and next-generation mobility services across Southeast Asia,” said Eric Cheng, Carsome Group Co-founder and CEO.

Clara Chan, Chief Executive Officer of the HKIC, said, “With Hong Kong’s unique position as a gateway connecting global innovation and investment opportunities, Carsome exemplifies the type of high-conviction, technology-driven enterprise that aligns with the HKIC’s mandate to foster scalable innovation across our strategic sectors.”

Chibo Tang, Managing Partner of Gobi Partners, said, “Carsome is a leading example of how Southeast Asian startups are well-positioned to create close ties with partners in Greater China, leveraging each region’s unique strengths. We are pleased to be a returning investor in CARSOME, having supported them for almost a decade. Gobi was an early believer in CARSOME’s ability to scale across international borders, and we are happy to see their early potential come to fruition as they reimagine the way consumers across Asia purchase vehicles.”

Malaysia’s Carsome delivers $23M EBITDA in FY2025, 16% gross profit growth