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 car financing solutions, innovative car insurance products, flexible car ownership experience and after-sales car maintenance, service and repair services. It has pioneered innovative services such as Singapore’s first contactless online car purchase service, first car rental 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.