Monday, 23 December 2024
26.7 C
Singapore

Indonesia’s Mobilkamu, an online dealer platform for new cars, raises Series A funding round

Mobilkamu, Indonesian online automotive dealer platform, has secured an undisclosed amount in a Series A round led by East Ventures and Genesia Ventures. Also participating in this round is Denali Mitra. The startup plans to use the fresh funding to achieve its goal of becoming the top-of-mind new car buying platform in Indonesia by expanding […]

Mobilkamu, Indonesian online automotive dealer platform, has secured an undisclosed amount in a Series A round led by East Ventures and Genesia Ventures. Also participating in this round is Denali Mitra.

The startup plans to use the fresh funding to achieve its goal of becoming the top-of-mind new car buying platform in by expanding its reach and to further develop its products and technologies.

The previous round of seed funding was raised in November 2017.

Founded in 2015 by Wilton Halim, Kalen Iselt, and Caue Motta, the co-founders aims to solve an existing problem in Indonesia’s new car industry. Mobilkamu introduces a seamless experience of purchasing a new car by removing unnecessary end consumer interacting with too many parties, with the promise of offering “the fairest price in the market.” This new way of buying cars also provides an alternative to consumers where in the past the only option for customers to buy a new car is to go directly from dealer to dealer to find the best deal.

Mobilkamu claims to sell 150 cars every month and it has established partnerships with over 80 car dealers and several partners including Bussan Auto Finance, BCA Finance, Mega Auto Finance, Mandiri Tunas Finance, and Bank Jasa Jakarta.

Hot this week

8BitDo introduces a smaller Xbox controller for compact comfort

8BitDo’s Ultimate Mini Xbox controller is a smaller, lighter option for gamers with smaller hands. It features Hall effect joysticks and LED lighting.

Xiaomi to open its first directly managed store in Funan

Xiaomi opens its first official store in Singapore at Funan on 21 December, offering exclusive deals on smartphones and gadgets.

ASUS unveils ROG Phone 9 Pro series in Singapore with launch offers

ASUS ROG launches the Phone 9 Pro series in Singapore, featuring powerful gaming capabilities, launch offers, and an innovative AniMe Vision display.

YouTuber reveals possible first look at Nintendo Switch 2 with new magnetic Joy-Cons

YouTuber NerdNest reveals a possible dummy model of the Nintendo Switch 2, showcasing magnetic Joy-Cons, larger screen size, and new features.

NETGEAR Orbi 770 Series review: Elevating home connectivity with tri-band WiFi 7

Explore the advanced features and performance of the NETGEAR Orbi 770 Series, designed for seamless, whole-home WiFi coverage and optimal device connectivity.

US to blacklist Chinese company linked to Huawei chip scandal

The US plans to blacklist Sophgo, a Chinese firm tied to Huawei’s AI chip scandal, in a crackdown on tech linked to national security risks.

China faces AI talent shortage despite booming industry

China’s AI industry thrives but faces a talent shortage. High salaries and intense competition drive demand for skilled professionals.

Hong Kong AI model surpasses doctors in diagnosing eye conditions

Discover how VisionFM, a Hong Kong AI model, outperforms doctors in diagnosing eye diseases and sets a new standard for AI in healthcare.

Chinese EV maker Nio introduces Firefly brand to rival Mini Cooper and Smart

Nio unveils the affordable Firefly EV to rival Mini and Smart alongside its luxury ET9 sedan, combining innovation and style for global markets.

Related Articles

Popular Categories