Carsome raises over US$30 mil from Hong Kong Investment Corporation Limited, Gobi and Asia Partners

• Funding to accelerate profitable growth and regional expansion
• Partnership strengthens SEA–Greater China innovation and supply chain links

Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, has raised more than US$30 million (RM118 million) in a strategic funding round from new and existing investors, including the Hong Kong Investment Corporation Limited (HKIC), Gobi Partners, and Asia Partners. The investment reflects continued investor confidence in the company’s path to profitability and long-term regional growth, supported by its recent FY25 performance.

The funds will be used to accelerate Carsome’s profitable growth and strengthen its regional operations.

The investment and partnership also deepen connections between Southeast Asia and Greater China, leveraging Hong Kong’s role as a gateway for advanced automotive capabilities, technology development and global talent. With support from HKIC, Carsome will drive initiatives across supply chain sourcing and technology collaboration, while advancing the use of data and artificial intelligence in the automotive sector to support its regional expansion.

“Carsome has spent the last several years building a resilient and profitable business with strong fundamentals,” said Eric Cheng (pic), co-founder and CEO of Carsome. “This fundraise reflects confidence in our momentum and long-term vision, while giving us access to innovation capabilities, cross-border networks, and talent to support our work in AI, data, and next-generation mobility services across Southeast Asia.”

Clara Chan, CEO of HKIC, said: “We are pleased to support Carsome as part of our efforts to harness technology to drive industry transformation and contribute to Hong Kong’s long-term economic development. With its strong growth trajectory, Carsome represents the type of technology-driven company aligned with our mandate to support scalable innovation.”

Meanwhile, Chibo Tang, managing partner of Gobi Partners added, “Carsome demonstrates how Southeast Asian startups can build strong cross-border partnerships with Greater China. As a returning investor, we are encouraged to see its continued growth as it reimagines how consumers across Asia purchase vehicles.”