Carro raises $60m to boost Japanese car demand in APAC

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Carro has raised US$60 million in funding led by Cool Japan Fund, a Japanese government-backed investment fund.

The Singapore-based company operates an online marketplace for new and used cars across multiple Asia-Pacific markets.

Carro said it will use the capital to boost demand for Japanese vehicles in the region.

Cool Japan Fund’s involvement is aimed at promoting Japanese automotive technologies and expanding the market for Japanese cars in Asia-Pacific.

🔗 Source: Carro

Recent Carro developments

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