Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, has announced a strategic investment round exceeding $30m. This funding comes from a mix of new and existing investors, including the Hong Kong Investment Corporation Limited (HKIC), Gobi Partners, and Asia Partners. The investment underscores confidence in Carsome’s path to profitability and its long-term vision for the region.
The funds will accelerate Carsome’s growth, focusing on leveraging Hong Kong’s role as a regional gateway for advanced automotive capabilities and technology development. The collaboration aims to enhance Carsome’s initiatives in supply chain sourcing and technology, particularly in data and artificial intelligence (AI), to support its regional expansion.
Eric Cheng, Carsome’s co-founder and CEO, stated, “This strategic collaboration and fundraise is a vote of confidence in our continued momentum and long-term vision.” He emphasised the partnership’s role in providing access to innovation capabilities and cross-border networks.
Clara Chan, CEO of HKIC, expressed support for Carsome, highlighting the company’s alignment with HKIC’s mission to foster scalable innovation. “We look forward to supporting forward-thinking companies like Carsome in creating tangible value for the future of Hong Kong,” Chan said.
Chibo Tang, Managing Partner of Gobi Partners, noted Carsome’s potential to strengthen ties with Greater China, leveraging regional strengths. Gobi Partners has been a long-term supporter of Carsome, recognising its ability to scale across international borders.
Carsome operates across Malaysia, Indonesia, Thailand, and Singapore, aiming to digitise the used car industry in Southeast Asia.
