Carro provides a full-stack service for all aspects of car ownership and uses AI-powered technology to transform the car buying and selling experience. By offering a trustworthy and transparent experience, Carro challenges the traditional way of buying and selling cars through proprietary pricing algorithm and AI-enabled capabilities.
Carro provides a range of services across the entire car ownership ecosystem. These include in-house financing solutions, innovative insurance products, flexible car ownership experience and after-sales services. It has pioneered innovative services such as Singapore’s one of the first contactless online car purchase service, one of the first car subscription service and one of the first region-wide behaviour and usage-based car insurance solutions.
Founded in 2015, Carro started its regional expansion into Thailand and Indonesia in 2017 and is well on its way to becoming one of Southeast Asia’s largest automotive marketplace, facilitating over US$350 million worth of transactions in two years.
In June 2018, Carro has raised a total of US$75 million led by notable venture funds such as SoftBank Ventures, Insignia Ventures Partners and B Capital Group. Looking forward, Carro will continue to revolutionise the automotive industry and empower our customers to make the right decisions.