Press Release

Keep up-to-date with our latest news, product launches and releases here.

September 20, 2022
3,447

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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September 1, 2022
4,946

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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June 6, 2022
3,254

CARRO acquires MPM Rent in a deal valued at US$54M, makes the largest move towards mobility

MPM Rent is a leading Indonesian mobility company which offers a broad spectrum of mobility solutions, from retailing and distributing…
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April 26, 2022
2,955

CARRO kicks off first major sponsorship as Official Match Partner for Bangkok Century Cup and Standard Chartered Singapore Trophy 2022

SINGAPORE, 26 April 2022 – Southeast Asia’s largest used car marketplace, CARRO, today announced its first major sponsorship in…
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February 28, 2022
3,061

Carro raises the bar for data science talent development in Singapore through CARRO X AWS scholarship

Carro and Amazon Web Services (AWS) will host a Hackathon from 18 to 20 March 2022 in conjunction with the…
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June 24, 2021
3,107

CARRO partners Income to launch “Covered”, Singapore’s first AI-driven pay-per-km insurance and maintenance for cars

A first of its kind in Singapore, Covered is a new AI-driven, usage based insurance and maintenance product for all…
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June 18, 2021
3,220

CARRO redefines car buying experience with Singapore’s first contactless service, offers 3-day return policy

Carro digitises the entire process – including auto loans, insurance and vehicle transfer – so customers can purchase pre-owned cars…
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June 15, 2021
3,885

Singapore’s CARRO achieves ‘unicorn’ status, raises S$477 million in Series C Funding led by SoftBank Vision Fund 2

Carro becomes Southeast Asia’s first automative marketplace unicorn in 5 years Investors include SoftBank Vision Fund 2, EV Growth and…
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June 1, 2021
2,831

Carro redefines car buying experience with Singapore’s first ‘Showroom Anywhere’ launch

Drivers can now view cars in person at malls, enjoying more flexibility and convenience in the car purchasing process Designed…
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April 1, 2021
2,759

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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February 25, 2021
2,792

CARRO develops Southeast Asia’s first AI-driven customer service voicebot to turbocharge digitalisation of auto industry

Integration of AI conversational Voicebot enables Carro to digitalise the retail customer experience at scale 9 out of 10 callers…
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January 22, 2021
2,755

Carro leads online live selling by launching special Chinese New Year car deals exclusively on Qaibo

SINGAPORE, 22 JANUARY 2021 – This Chinese New Year, Carro – Southeast Asia’s largest automotive marketplace – is embracing the mantra ‘out…
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December 2, 2020
2,791

Carro Debuts Livestream Car Selling Via Partnership With Gushcloud, Pushes Boundaries With Online Car Sales

SINGAPORE, 2 December 2020 – Carro, Southeast Asia’s largest automotive marketplace, successfully sold a car via livestream for the first time…
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October 14, 2020
2,769

CARRO leads online car buying across SE Asia, on track to reach S$1 billion revenue in 2 years

Achieved over 500% year-on-year revenue growth in September from its pre-owned automotive e-commerce and contactless car purchase businesses Growth plans…
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January 13, 2020
2,800

CARRO partners with NTUC Income to launch Singapore’s first pay-as-you-drive insurance

Tech And Big Data Analytics Drive Savings Straight To The Customer’s Wallet The usage-based insurance model is via a ‘pay-as-you-drive’…
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January 13, 2020
3,031

CARRO injects US$30 million into Malaysia’s myTukar; drives aggressive expansion plans

Southeast Asia’s largest automotive marketplace Carro will digitise Malaysian car bidding firm onboard thousands of local used car dealers and…
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January 13, 2020
2,722

CARRO raises US$90m from SoftBank Ventures Asia and EDBI

The additional investment would be used to help Carro bolster its regional presence starting with the acquisition of Jualo.com, Indonesia’s…
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January 13, 2020
2,703

Video technology company Shootsta secures partnership with Carro

Singapore, 12 December 2018 — Shootsta, the leading video technology company, today announces a partnership with CARRO – Southeast Asia’s…
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March 28, 2019
2,774

CARRO launches Singapore’s first subscription-based car service

For a flat monthly fee, users will get flexibility at every turn of the car ownership journey, including insurance, maintenance,…
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