Reported about 8 hours ago
Carro, Southeast Asia's largest online used-car marketplace, has raised $60 million from the Japanese sovereign wealth fund Cool Japan Fund to promote Japanese vehicles in the Asia-Pacific region. The investment aims to enhance the market share of Japanese plug-in hybrid electric vehicles. Carro is also planning expansions into Australia and has potential plans for a U.S. IPO valued over $3 billion, marking a significant milestone for automotive tech startups from Singapore.
Source: YAHOO