What we do
Founded in 2015, Carro is Southeast Asia's largest used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions.
Headquartered in Singapore, the tech unicorn startup focuses on the automotive ecosystem, with business operations in retail, insurance, aftersales, and financing. It has raised over US$600 million from Softbank Vision Fund and several sovereign funds and is supported by over 4,500 staff across Asia-Pacific.
Carro is currently present in 7 markets including Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong.
Why we do
The traditional car ownership and transaction process is often plagued with inefficiencies, lack of transparency, and outdated practices. By leveraging technology and innovation, Carro seeks to address these challenges and redefine the automotive experience.
How we do
1. Creating a Better Customer Experience
Carro wants to make buying, selling, and owning a car simpler, faster, and more trustworthy for customers. This includes offering transparency in pricing, seamless transactions, and end-to-end support.
2. Addressing Industry Inefficiencies
The automotive ecosystem is fragmented, with multiple intermediaries and manual processes. Carro's technology-driven approach streamlines these processes, improving efficiency and reducing costs.
3. Promoting Sustainability
By facilitating the resale and reuse of vehicles, Carro contributes to the circular economy, helping to reduce waste and environmental impact.
4. Empowering Digital Transformation
As consumers increasingly prefer online and digital solutions, Carro is at the forefront of transforming how vehicles are bought, sold, and maintained, aligning with evolving market expectations.
5. Becoming an Industry Leader
By driving innovation, Carro positions itself as a leader in the automotive industry, setting benchmarks for quality, service, and technological advancements.
6. Supporting Economic Growth
A robust automotive ecosystem supports job creation, economic development, and the mobility needs of individuals and businesses across Asia Pacific.
Carro’s mission reflects a commitment to reshaping the automotive landscape to benefit consumers, businesses, and the environment, making it more efficient, transparent, and sustainable.
