The Better Place To Buy Used Cars
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 first contactless online car purchase service, first car subscription service and the first region-wide behaviour and usage-based car insurance solutions.
Founded in 2015, Carro facilitates about US$1billion annualised run-rate GMV. Carro group of companies include Genie, myTukar and Jualo. As of June 2021, Carro has raised over US$400 million in equity from SoftBank Vision Fund 2, EDBI, Mitsubishi Corporation, MS&AD Ventures, Insignia Ventures Partners and B Capital Group.
We aim to lead the automotive and mobility solutions market by providing a better experience, democratising information and advancing the automotive industry.
To be the marketplace of choice for all automotive needs, providing customers with trustworthy alternatives for improving mobility. We'll catalyse change in the automotive ecosystem by driving higher standards, reshaping the industry with our solutions and empowering everybody with the experience they deserve.
