What is Carro?
Carro operates as Southeast Asia's largest online used car marketplace, dedicated to revolutionizing the traditional car buying and selling experience. The company leverages proprietary pricing algorithms, advanced AI capabilities, and innovative technological solutions to provide a trustworthy and transparent platform for consumers. Its focus on enhancing user experience and operational efficiency positions it as a leader in the digital automotive retail space.
How much funding has Carro raised?
Carro has raised a total of $60M across 1 funding round:
Unspecified
$60M
Unspecified (2025): $60M with participation from Cool Japan Fund クールジャパン機構, SoftBank Group, and Temasek
Key Investors in Carro
Cool Japan Fund クールジャパン機構
Cool Japan Fund is dedicated to promoting Japanese culture and technology globally, investing in companies that showcase Japan's excellence. They support businesses in content, design, food culture, and technology, aiming to enhance global appeal and create new possibilities.
SoftBank Group
SoftBank Group is a global technology holding company focused on telecommunications, internet services, AI, and robotics. Through its Vision Fund, it invests in transformative technologies worldwide, aiming to foster innovation and create lasting value across its diverse portfolio.
Temasek
Temasek is a global investment company headquartered in Singapore, operating as a generational investor. They focus on making a difference with tomorrow in mind, investing across a broad spectrum of industries and geographies.
What's next for Carro?
The substantial enterprise-level funding and recent strategic investment signal a phase of accelerated growth and market expansion for Carro. This capital infusion is expected to fuel further development of its technological infrastructure, enhance its AI-driven capabilities, and potentially broaden its geographical reach within Southeast Asia. The company is poised to solidify its market leadership and explore new avenues for innovation in the used car industry, aiming to further optimize the customer journey and operational excellence.
See full Carro company page
