Carro

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.