Carro

Redefining Car Ownership with Comprehensive Services and Advanced Pricing Solutions.

General Information
Company Name
Carro
Founded Year
2015
Location (Offices)
+3
Founders / Decision Makers
Number of Employees
1,001-5,000
Industries
AI, Marketplaces, Platforms +1
Funding Stage
Debt Financing
Social Media

Carro - Company Profile

Carro is redefining car ownership with comprehensive services and advanced pricing solutions. Founded in 2015, the Singapore-based company operates as an automotive marketplace, offering support for all aspects of car ownership. Carro's unique pricing algorithm modernizes the traditional car buying and selling process. In addition to this, the company provides a wide range of services tailored to meet the needs of car owners throughout their ownership experience. These include in-house financing solutions, warranty options, and Singapore’s first on-demand roadside recovery platform. Carro operates within the AI, Marketplaces, Platforms, and Automotive industries, positioning itself at the intersection of technology and automotive services. As of 20 June 2024, Carro secured a significant SGD75.00M Debt Financing investment from HSBC, signaling confidence from major financial institutions in the company's vision and potential for growth. With its innovative approach to car ownership and the recent substantial investment, Carro is well-positioned to continue disrupting the traditional automotive market and expanding its presence in the industry.

Taxonomy: Automotive Marketplace, Car Ownership, Pricing Algorithm, In-House Financing, Warranty Options, Roadside Recovery, Singapore, Used Car Selling, Used Car Buying, Car Warranty, Software Engineering, Dealer Automation, Car Leasing

Funding Rounds & Investors of Carro (13)

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Funding Stage Amount No. Investors Investors Date
Debt Financing SGD75.00M 1 20 Jun 2024
Corporate Round Unknown 1 28 Feb 2023
Series C $15.60M 3 Simon James Moran, Celestial Sage International +1 20 Dec 2021
Series C $100.00M 7 Sime Darby, Shinhan Financial Group +2 30 Nov 2021
Series C $360.00M 6 MSIG Holdings Vietnam, EV Growth +1 15 Jun 2021

View All 13 Funding Rounds

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