{"id":15840,"date":"2025-09-17T08:43:24","date_gmt":"2025-09-17T00:43:24","guid":{"rendered":"https:\/\/carro.co\/sg\/blog\/?p=15840"},"modified":"2025-11-18T16:20:03","modified_gmt":"2025-11-18T08:20:03","slug":"carro-raises-usd60-million-cool-fund-japan","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/carro-raises-usd60-million-cool-fund-japan\/","title":{"rendered":"Carro raises USD60 million in a round led by Cool Japan Fund to accelerate demand of Japanese cars across Asia Pacific"},"content":{"rendered":"<ul>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Overall demand for used cars is expected to grow; Carro to capture and accelerate growth of Japanese used cars\u00a0<\/span><\/i><\/li>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Capital injection to help showcase Japan\u2019s advanced automotive technologies across region\u00a0<\/span><\/i><\/li>\r\n<\/ul>\r\n<b>Singapore, 17 September 2025 <\/b><span style=\"font-weight: 400;\">\u2013 Carro, Asia Pacific\u2019s leading online car marketplace, has raised US$60 million in a round led by Cool Japan Fund (Japan's sovereign wealth fund), with participation from several new investors. This investment will go towards bolstering the demand of Japanese cars across Asia Pacific where Carro has a presence in.<\/span>\r\n\r\n<figure id=\"attachment_15842\" aria-describedby=\"caption-attachment-15842\" style=\"width: 452px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-15842\" src=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/09\/Carro-CEO-Aaron-Tan-200x300.jpg\" alt=\"Aaron Tan, Co-founder and CEO at Carro\" width=\"452\" height=\"679\" title=\"\" srcset=\"https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/09\/Carro-CEO-Aaron-Tan-200x300.jpg 200w, https:\/\/carro.co\/sg\/blog\/wp-content\/uploads\/2025\/09\/Carro-CEO-Aaron-Tan.jpg 500w\" sizes=\"auto, (max-width: 452px) 100vw, 452px\" \/><figcaption id=\"caption-attachment-15842\" class=\"wp-caption-text\">Aaron Tan, Co-founder and CEO of Carro<\/figcaption><\/figure>\r\n\r\n<span style=\"font-weight: 400;\">\u201cJapanese automakers have always had a strong presence and historical dominance in Asia Pacific,\u201d says Carro Co-founder and CEO Aaron Tan. \u201cJapanese cars continue to be reliable and trustworthy with their advanced automotive technologies, including fuel cell innovations, and superior safety features. We are confident we can increase the market share of Japanese Plug-in Hybrid Electric Vehicles (PHEV) in time to come.\u201d\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">The overall demand for used cars and new PHEVs, especially in the Southeast Asian region, is expected to grow, driven by anticipated economic expansion, the rise of the middle income population as well as government subsidies for EVs in countries like Indonesia and Thailand.\u00a0\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">\u201cJapanese cars hold a significant share of the used car market across Asia Pacific, and we\u2019re keen to cement our dominance\u201c says Cool Japan Fund President, CEO and COO, Kenichi Kawasaki. \u201cThrough this investment in Carro, Cool Japan Fund aims to boost demand for Japanese cars in the region and reinforce their value by showcasing Japan\u2019s advanced automotive technologies.\u201d<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Founded in 2013, Cool Japan Fund is a government-backed <\/span><span style=\"font-weight: 400;\">private fund with the aim of\u00a0 contributing to the sustainable growth of Japan's economy through the expansion of overseas demand and supply of Japanese products and services. Their diverse portfolio includes companies in F&amp;B, media and content, lifestyle and travel.\u00a0\u00a0\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Carro is Asia Pacific\u2019s leading online automotive ecosystem platform. The unicorn startup transacts over 100,000 units of new and used vehicles per year across 7 markets and is a leading auto fintech, auto digital insurance broker and aftersales service provider in the region.\u00a0\u00a0<\/span>\r\n\r\n&nbsp;\r\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">*****<\/span><\/p>\r\n&nbsp;\r\n<h3><b>About Cool Japan Fund<\/b><\/h3>\r\n<span style=\"font-weight: 400;\">Cool Japan Fund was founded in November 2013 as a public-private fund with the <\/span><span style=\"font-weight: 400;\">aim of contributing to the sustainable growth of Japan\u2019s economy through the <\/span><span style=\"font-weight: 400;\">expansion of overseas demand and supply of attractive products and services <\/span><span style=\"font-weight: 400;\">unique to Japanese lifestyle &amp; culture*.<\/span><span style=\"font-weight: 400;\">\r\n<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Cool Japan Fund aims to commercialize the \u201cattractiveness unique to Japanese <\/span><span style=\"font-weight: 400;\">lifestyle &amp; culture\u201d and increase overseas demand by providing risk capital for <\/span><span style=\"font-weight: 400;\">businesses across a variety of areas.<\/span>\r\n\r\n<span style=\"font-weight: 400;\">*e.g. Content, food &amp; clothing &amp; housing related products, services, advanced technology, leisure, local products, traditional products, education, tourism, etc.<\/span>\r\n\r\n<em><span style=\"font-weight: 400;\">For more information, please visit: <\/span><a href=\"https:\/\/carro.co\/my\/en?utm_source=online_pr&amp;utm_medium=pr&amp;utm_campaign=Raya_Branding_2024&amp;utm_content=Digital_PR_Raya_2024_HP_EN\"><span style=\"font-weight: 400;\">www.carro.co<\/span><\/a><span style=\"font-weight: 400;\"> or email marketing@carro.co.<\/span><\/em>","protected":false},"excerpt":{"rendered":"<p>Overall demand for used cars is expected to grow; Carro to capture and accelerate growth of Japanese used cars\u00a0 Capital injection to help showcase Japan\u2019s advanced automotive technologies across region\u00a0 Singapore, 17 September 2025 \u2013 Carro, Asia Pacific\u2019s leading online car marketplace, has raised US$60 million in a round led by Cool Japan Fund (Japan&#8217;s &hellip;<\/p>\n","protected":false},"author":83,"featured_media":15852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[727],"tags":[701,703,700,702],"class_list":["post-15840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements","tag-carro-ceo","tag-carro-in-japan","tag-carro-news","tag-cool-japan-fund"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/comments?post=15840"}],"version-history":[{"count":10,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15840\/revisions"}],"predecessor-version":[{"id":15854,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/15840\/revisions\/15854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media\/15852"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=15840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=15840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=15840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}