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iCarsclub raises record US$60m Series B funding

It has drawn up expansion plans, though Asian govts' less-than-complete embrace of car-sharing is a blip

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Singapore-based car-sharing app iCarsclub has raised a massive US$60 million in Series B funding, and says it is revving up for further expansion into Asia, though it still has a way to go before governments in the region embrace car-sharing and its benefits.

Singapore

SINGAPORE-based car-sharing app iCarsclub has raised a massive US$60 million in Series B funding, and says it is revving up for further expansion into Asia, though it still has a way to go before governments in the region embrace car-sharing and its benefits.

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