October 27, 2023
DRB-HICOM invests in Genie Malaysia, the fastest growing Malaysian auto fintech startup
EON, a wholly-owned subsidiary of DRB-HICOM, strategically invests in Genie Malaysia Genie Malaysia boasts an outstanding loan book of nearly…
August 10, 2023
Carro achieves best quarterly profitability since inception in Q1 FY2024
Gross Profit Margins rises to 14% Record EBITDA of US$11 million Run-rate EBITDA of over US$50 million Adjusted Net Profit…
June 19, 2023
Carro announces strategic investment into Driven Communications
Carro’s investment includes a portfolio of websites, including paultan.org, carbase.my and oto.my Driven Communications to retain board of directors,…
June 16, 2023
Jardine Cycle & Carriage and Carro enter into strategic partnership to shape the future of automotive retailing
Combining the capabilities of an established regional automotive player and leading used car tech platform to win in the used…
May 25, 2023
Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Strong ~2x year-on-year revenue growth ~3x year-on year Gross Profit growth Gross Profit Margin (GPM) rose to ~9%, with final…
November 4, 2022
Plug-in hybrid vs hybrids: what’s the difference?
Hybrids have been in widespread use since the late 1990s when the Toyota Prius launched in 1997. Since then, two…
