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Carro logo — Redefining Car Ownership with Comprehensive Services and Adv...

Carro

Redefining Car Ownership with Comprehensive Services and Advanced Pricing Solutions.

Founded 2015 1001-5000 employees Debt Financing Total: $780.12M AI, Marketplaces +2

General Information

Company Name Carro
Founded Year 2015
Founders / Decision Makers
Team member
Employees 1001-5000
Industries AI, Marketplaces, Platforms +1
Funding Stage Debt Financing
Social

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About 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.

Business keywords: 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 (13)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing SGD75.00M 1
HSBC
20 Jun 2024
Corporate Round Undisclosed 1
ZA Tech
28 Feb 2023
Series C $15.60M 3
Simon James Moran, Celestial Sage International +1
20 Dec 2021
Series C $100.00M 7
Mirae Asset, Temasek Holdings +5
30 Nov 2021
Series C $360.00M 6
Endeavor Catalyst, SoftBank Vision Fund +4
15 Jun 2021
Non Equity Assistance Undisclosed 1
Endeavor Indonesia
01 Jan 2021
Debt Financing $110.50M 2
MS&AD Ventures, Mitsubishi Corporation
14 Oct 2020
Venture Round $11.00M 2
MS&AD Ventures, Mitsubishi Corporation
10 Aug 2020
Series B $30.00M 10
Alpha JWC Ventures, B Capital Group +8
19 Mar 2019
Series B $60.00M 9
Alpha JWC Ventures, B Capital Group +7
14 May 2018

View All 13 Funding Rounds

Carro Alternatives & Competitors

View All Alternatives
Carro vs

The smart way to buy and sell cars for the best price - quick, simple, and easy.

18 employees
Information Technology, Marketplaces
Carro vs
Carvago.com
Carvago.com Czech Republic

Carvago is the first and largest online European marketplace for buying and selling cars!

Seed
123 employees
E-Commerce, Internet
Carro vs
Motorway
Motorway United Kingdom

We’re building a better car market for everyone

Series C
468 employees
E-Commerce, Marketplaces

FAQ About Carro

Redefining Car Ownership with Comprehensive Services and Advanced Pricing Solutions.
Carro was founded in 2015.
Carro operates in AI, Marketplaces, Platforms and Automotive. Its work centres on Automotive Marketplace, Car Ownership, Pricing Algorithm and In-House Financing.
Carro has approximately 1001-5000 employees.
Carro has completed 13 funding rounds, raising a total of $780.12M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Carro include AutoFlip Australia, Carvago.com, Motorway, Kavak, Gocar.be. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Carro and AutoFlip Australia are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Carro, https://bouncewatch.com/company/carro, updated 11 November 2024. When citing, please name BounceWatch and link this page.

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