Carro

Sources say it is working with advisers and could raise as much as US$500 million

Through the deal, the unicorn now has a presence in eight Asia-Pacific markets

The Singapore-based company is currently hoping to close 2025 with US$80 million in Ebitda

CEO of online car marketplace adds that more partnerships between it and Japanese automobile brands are coming to the region

It will also be the first major automotive tech and commerce startup from Singapore to go public in the US

If successful, the IPO would be the largest South-east Asian listing in the US since 2017

Can Carro, Carsome, and Moladin survive – and thrive – as the giants move in?

OCBC chief executive Helen Wong, Carro co-founder Aaron Tan among award winners

Automotive unicorn aims for a final round of funding this year with revenue up 15%, and gross profit more than 20% higher in FY2025