natalie pang
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Media
Carro receives strategic investment from Woori, capping off a record FY2024 with 11x year-over-year EBITDA growth
Strategic investment marks Woori Venture Partners’ first late-stage deal in Southeast Asia, to form a closer partnership as Carro ramps…
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Media
Carro first to tap into US$1 billion HSBC ASEAN Growth Fund
Carro signs a S$75 million multi-currency loan to fund its fintech arm, Genie Financial Services HSBC announced the launch of…
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Media
Carro expands into Hong Kong, acquires Beyond Cars to accelerate footprint beyond Southeast Asia
Founded in 2016, Beyond Cars is one of Hong Kong’s leading used car platforms Beyond Cars’ co-founder and CEO Garry…
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Media
Carro opens two new branches in Kingkaew and Tiwanon, eyeing expansion plans off a profitable FY2023
Two latest additions put Carro’s total branches in Thailand to five, with existing branches in Suan Luang, Chonburi, Ayutthaya Carro’s …
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Media
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…
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Media
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…
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Media
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,…
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Media
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…
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Media
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…
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Car Bites
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…
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Car Bites
A brief history of hybrid cars
Hybrid cars, like its name suggests, are cars that run on petrol and electric power. The most common hybrid powertrain…
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Car Bites
4 HDB estates to go ‘car-lite’ with more greenery and public transport connections
Ulu Pandan, Mount Pleasant, Tengah and the Keppel Club site are now designated as ‘car-lite’ zones, meaning parking spaces…
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Media
Carro drives into Japan through partnership with SoftBank
Singapore, 20 September 2022 – Southeast Asia’s largest used car marketplace, Carro, has announced its expansion into Japan through a…
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Lifestyle
9 places to drive to in Malaysia
Itching for a holiday up north? We’re with you! There are tons of places to drive to in Malaysia, and…
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Media
All systems go for CARRO; profitable 2.5x growth year-on-year for FY2022 and rapid growth for Thailand, Indonesia
Recorded 2.5x year-on-year (YoY) revenue growth while achieving a full year net profit for FY2022 Marks first profitable year, was…
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Car Bites
Best pet accessories for your car
Want to bring good ol’ Fido with you wherever you go? Even if your pet isn’t as adventurous, you still…
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Car Bites
How to apply for an International Driving Permit? Here are some FAQs answered
Finally bitten by the travel bug? We can relate. In fact, plans for a road trip ARE being made…
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Car Bites
5 common damage areas on your car
Written by Eugene Ng No matter how careful of a driver you are, your car is bound to see some…
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Car Bites
Renting a car? Look out for these 5 red (and green!) flags
Written by Maxine Pathomporn Thinking about renting a car for a road trip on your holiday? Or maybe you’re exploring…
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Media
myTukar Launches Brand New Purchasing Experience for Malaysians, Supports Expansion of Used Car Industry
Kuala Lumpur, 1 April 2021 – myTukar Sdn. Bhd. (the Company), Malaysia’s fastest-growing online used car selling platform today launched the…
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