Vucar, a Ho Chi Minh City-based used-car transaction platform, has raised a pre-series A round led by OSK-SBI Venture Partners, a Southeast Asia-focused venture capital firm based in Malaysia and Japan.

Existing investors Monk’s Hill Ventures and Antler also joined. The funding amount was not disclosed.

The startup connects car owners with buyers through online auctions.

It also provides vehicle inspections, document checks, pricing tools, and support for payment and handover.

Vucar said its AI pricing model was trained on more than 4 million car listings.

The funding will go toward product development, transaction services, and expanding its buyer and seller network.

The raise follows Vucar’s seed round announced in September 2024.

It comes as Vietnam’s auto sales rose 31% year on year in the first half of 2026, according to PwC figures cited in the release.

🔗 Source: Vucar