Carsome, the Southeast Asian used car platform headquartered in Malaysia, has secured $300 million in its latest funding round, pushing its valuation to $2.5 billion and cementing its position as the region’s most valuable automotive tech company.
Beyond Buy and Sell
The fresh capital will fuel Carsome’s expansion into AI-powered vehicle inspection, same-day financing approvals, and its growing certified pre-owned retail network. The company now operates 30 inspection centres across Malaysia, Indonesia, Thailand, and Singapore.
The Tech Behind the Hood
What sets Carsome apart is its proprietary 175-point AI inspection system that uses computer vision to assess vehicle condition in under 30 minutes — a process that traditionally takes half a day. The system has inspected over 1.2 million vehicles since launch, building what CEO Eric Cheng calls “the largest vehicle condition dataset in Southeast Asia.”
The company aims to process 500,000 transactions annually by 2027, up from 180,000 in 2025.