Carro

Carro, Asia Pacific’s largest online automotive platform, has posted a strong FY2025, achieving record revenues of S$1.2 billion ($920 million) and a gross profit of S$149 million ($111 million).

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.