Carro

Carro provides a full-stack service for all aspects of car ownership and uses artificial intelligence (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 behavior and usage-based car insurance solutions.

Founded in 2015, Carro facilitates about US$1b annualized run-rate gross merchandise value. Carro group of companies include Genie, myTukar and Jualo. As of June 2021, Carro has raised over US$400m in equity from SoftBank Vision Fund 2, EDBI, Mitsubishi Corporation, MS&AD Ventures, Insignia Ventures Partners and B Capital Group.

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