Another one! Malaysian car e-commerce platform Carsome has just raised more than $30M in a strategic investment round!

Investor check. New and existing investors joined the round, including the Hong Kong Investment Corporation Limited, Gobi Partners, and Asia Partners. 

• This partnership reflects Carsome’s goal to strengthen connections in SEA and Greater China. 
• The deal also leverages Hong Kong as a regional gateway for advanced automotive capabilities, technology development, and global talent. 

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🚘 Carsome’s growth

The funding comes at a time when Carsome logged record growth results.

The unicorn recorded its second consecutive profitable year in FY2025, with EBITDA more than doubling to $23M.

• The growth came from Carsome’s core business in Malaysia and Singapore. 
• The company also introduced new initiatives, such as expanded financing for dealers and the Value Plus offer for retail customers, to drive growth.

A little background. Active across Thailand, Indonesia, Malaysia, and Singapore, Carsome lets you buy, sell, and trade used cars.

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💵 What’s with the $$$? 

Carsome will use the fresh funding to drive supply chain sourcing and technology collaboration.

• Oh, and they’re also going to accelerate the application of data and AI in the automotive sector, which will better prime them for regional expansion.