Carro

The SEA Monthly Funding Tracker for September 2025 reflected a sharp rebound in funding across the region. Total funding for the month stood at $230.6 million across 10 rounds, marking a 125.64 percent increase month-on-month (August 2025: $102.2 million) and a 58.72 percent rise year-on-year compared to September 2024 ($145.3 million).

Carro, the Singapore-based online car marketplace, has raised $60 million in a round led by Japan's sovereign wealth fund Cool Japan Fund, to accelerate demand of Japanese cars across Asia Pacific.

Carro, the Singapore-based online used car platform, has signed a Memorandum of Understanding with fintech platform SY Holdings, entering a strategic partnership that will support Carro’s expansion plans through tech-enabled financing solutions.

The unicorn is aiming for a valuation of more than $3 billion, Reuters reported.

Zeekr, the China-based premium new energy vehicle group, has appointed Carro as its latest authorized dealer in Malaysia.

Carro, a Singapore-based online used car platform, said Tuesday it has received strategic investment from Woori Venture Partners as the firm ramping up expansion plans in Southeast Asia (SEA).

Singapore-based used car online platform Carro has opened a regional office in Hong Kong.

Singapore-based online used car marketplace Carro has signed a SGD 75 million ($55.52 million) multi-currency loan with HSBC to fund its fintech arm, Genie Financial Services.

Singapore-based used car online platform Carro has opened its first 4S Center in Asia-Pacific in Seremban of Malaysia, as part of its commitment to redefine used cars with technology and expertise.

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.