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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.

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 (13)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 1
Investor
20 Jun 2024
Corporate Round •••••• 1
Investor
28 Feb 2023
Series C •••••• 3 •••• •••• 20 Dec 2021
Series C •••••• 7
Investor Investor Investor
•••• •••• 		30 Nov 2021
Series C •••••• 6
Investor Investor Investor
•••• •••• 		15 Jun 2021

View All 13 Funding Rounds

Latest News

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Yolk is a social app where users swap custom live stickers — no text allowed — Techcrunch
Yolk is a social app where users swap custom live stickers — no text allowed
Techcrunch Feb 28, 2024

Carro Alternatives & Competitors

Carro vs
Cars24
Cars24 India

Better drives, better lives

Debt Financing
10071 employees
Financial Services
Carro vs
METRO ACURA/HONDA
METRO ACURA/HONDA United States

We are a family-owned and operated dealerships that provide an experience that makes you feel right...

40 employees
E-Commerce
Carro vs
Indy Auto Man
Indy Auto Man

Allow us to demonstrate our commitment to excellence!

30 employees

FAQ About Carro

Redefining Car Ownership with Comprehensive Services and Advanced Pricing Solutions.
Carro was founded in 2015.
Carro operates in the following industries: AI, Marketplaces, Platforms, Automotive.
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 Cars24, METRO ACURA/HONDA, Indy Auto Man, HeyAuto, Motorpoint. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Carro and Cars24 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.

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