CARSOME’s Post

Thank you, YB Datuk Armizan Mohd Ali, Minister of Domestic Trade and Cost of Living (KPDN), for the kind words about us during your visit to CARSOME’s PJ Automall. Your words of encouragement resonate with our ongoing commitment to fostering trust and transparency in the automotive industry. This visit underscores the importance of collaboration between industry and government as we navigate the evolving landscape. Together, we hope to enhance the automotive industry’s standards, ensuring long-term benefits for consumers and stakeholders. We are excited about the opportunity to contribute to discussions that will shape a more sustainable and resilient automotive ecosystem in Malaysia. A special thank you as well to the members of the media who joined us for the visit. #CARSOME #Automotive #Leadership #TrustAndTransparency Video courtesy of The Star.

At CARSOME, we believe that building a sustainable future in the automotive industry is about more than just adopting new technologies—it’s about empowering people to drive that transformation. This perspective was front and center when our Chief People Officer, Mohd Afifi Zahari, sHRBP, took the stage yesterday at the National Human Capital Conference and Exhibition (NHCCE) 2024, organized by HRD Corp - Human Resource Development Corporation. During his panel session, “Human vs Technology: Reframing the Narrative for a Balanced Future of Work,” Afifi shared how we balance embracing innovation and nurturing our team’s growth. It’s about integrating technology to elevate the human experience, not replacing it. He highlighted how CARSOME incorporates AI and machine learning into our operations—enhancing everything from inspection capabilities and pricing mechanisms to personalized recommendations—while still relying on human expertise to maintain the highest standards and build trust with our customers. Technology enables speed, but human expertise guarantees quality. Thank you to HRDC and NHCCE for bringing together over 4,000 HR professionals to engage in these meaningful discussions. Let’s continue to shape the future of work together! #NHCCE2024 #CARSOME #Leadership #PeopleAndTech #Innovation Photo Credit: HRD Corp - Human Resource Development Corporation's LinkedIn Page

We are excited to announce that CARSOME Academy has partnered with Yayasan Raja Muda Selangor (YRMS) at the recent YRMS TVET Open Day 2024 to provide scholarships aimed at supporting underprivileged youth through Technical and Vocational Education and Training (TVET). Through this collaboration, we are offering scholarships to help students gain access to automotive education and open doors to meaningful career opportunities. Our aim is to equip them with the skills to thrive in the automotive industry. A big thank you to YRMS for their partnership and support in this important initiative. We are committed to making a positive difference in students’ lives and look forward to seeing the long-term impact of this collaboration on the community. Read the news here: https://lnkd.in/g436eKaG #Collaboration #YouthEmpowerment #TVET #AutomotiveTraining #CARSOMEAcademy #YRMS

At CARSOME, we believe that an industry's growth is shaped not just by individual successes but by collective efforts to support others. That is why we are excited to share that our Chief Business Officer, Aaron Kee, CFA, has been appointed as a mentor for Selangor Information Technology & Digital Economy Corporation (Sidec)’s Selangor Accelerator Program (SAP24) and Selangor E-Commerce Accelerator (ECX24). These programs are important for nurturing innovation and supporting the potential of startups and SMEs in Malaysia. By sharing the lessons we have learned along our journey, we hope to contribute meaningfully to these promising businesses' growth and support Selangor’s aim of promoting innovation, driving economic growth, and fostering sustainability across various industries. #CARSOME #Mentorship #Collaboration #Entrepreneurship #SIDEC #SelangorAcceleratorProgram #SAP24 #SelangorECommerceAccelerator #ECX24

CARSOME is pleased to announce that we have achieved our most successful quarter to date, having grown revenue by 9% QoQ to over USD310 million, trading 35,000 vehicles, and increasing EBITDA more than 3x in 2Q2024. Additionally, we have secured over RM200 million in new financing partnerships with leading banks like Ambank Group and Maybank, enabling us to accelerate the growth of our ancillary services such as financing, insurance, and aftersales support. This reinforces our commitment to offering a comprehensive one-stop solution for our customers’ vehicle ownership journey. Read the full release here : https://lnkd.in/gR4HK6sP

We are humbled to share that our Co-Founder, Chairman, and Group CEO, Eric Cheng, was recognized as the Tech Entrepreneur Unicorn Icon at PIKOM, The National Tech Association of Malaysia's Digital Excellence Awards 2024, in the presence of the Minister of Digital, YB Gobind Singh Deo. At CARSOME, our journey has always been about expanding the accessibility of mobility solutions and finding new ways to create value for all players in the automotive ecosystem. This award further fuels our dedication to revolutionize the automotive ownership experience into one that is trustable and more importantly, accessible to all. We are truly grateful for this acknowledgment from PIKOM and remain committed to working towards a future in which we continue driving positive change in the industry. #PIKOMDigitalExcellence #TechEntrepreneur #UnicornIcon #Innovation #CARSOME Photo 1 Credit: Gobind Singh Deo

CARSOME Hits the Road to recruit top talents at Career Fairs!🚕 We're excited to share that CARSOME has been actively engaging with top talents at career fairs hosted by Asia Pacific University of Technology and Innovation (APU / APIIT), Sunway University, and IKBN. These events provided a wonderful platform to connect with talented students and young professionals, giving us the chance to showcase our innovative work environment and exciting career opportunities. We met some amazing individuals passionate about the future of mobility, and we're thrilled to see the next generation shape the future of car ownership experience. Are you interested in joining a dynamic and fast-paced company transforming the car ownership journey? Check out our careers page: https://carsome.breezy.hr/ for open positions! #CARSOME #CareerFairs #Hiring #Automotive

We are thrilled to announce that Eric Cheng, Co-founder, Chairman, and Group CEO of CARSOME, will be speaking at the inaugural Tech in Asia Kuala Lumpur Conference on July 25, 2024, at the Hilton Hotel Kuala Lumpur. Date: July 25, 2024 Time: 10 am  Venue: Main Stage, Hilton Hotel Kuala Lumpur. Join us as Eric shares exclusive insights on CARSOME, Malaysia’s first tech unicorn in the automotive industry, and discusses the future of automotive technology with moderator Willis Wee, the founder of Tech in Asia. We look forward to seeing you there! #CARSOME #TechInAsia #TechinAsiaConferenceKualaLumpur #AutomotiveIndustry #MalaysianUnicorn #ThoughtLeadership #TechConference #Innovation #CorporateEvent

CARSOME Secures RM100 Million Financing Facility from AmBank Group! We are thrilled to announce that CARSOME has secured an RM100 million financing facility from AmBank Group, a significant validation of our business model that will enhance our liquidity and bolster our capacity for future growth. Established in 2015, CARSOME has rapidly grown into Southeast Asia’s largest integrated car e-commerce platform, offering a comprehensive suite of services, including car inspections, sales, financing, and after-sales support. This new funding will empower us to extend our reach, enhance our services, and drive sustained growth. The partnership was formalized today during a Signing Ceremony at Menara AmBank, underscoring AmBank’s support in accelerating the growth and future of the automotive industry. Patrick Chin, AmBank Group's Head of Commercial Banking, and Nicholas Wong, the Managing Director of CARSOME Capital Malaysia, signed the financing facilities. Witnessing the signing were Christopher Yap, MD of Business Banking, AmBank Group, and Eric Cheng, Co-Founder, Chairman, and Group CEO of CARSOME. Read more about this exciting development here: https://lnkd.in/gpbHSm3h #CARSOME #AmBankGroup #AutomotiveIndustry #FinancingFacility #Innovation

CARSOME DEBUTS NEW CAR SALES WITH NETA X EV! CARSOME is expanding from being Southeast Asia’s leading used car e-commerce platform to now offering brand-new vehicles, starting with the highly anticipated NETA X EV. This new partnership with NETA Auto Malaysia also positions CARSOME as their official trade-in partner, marking another addition to our value chain as Southeast Asia’s largest integrated car e-commerce platform. Both NETA and CARSOME inked the collaboration in a Memorandum of Understanding (MOU) at CARSOME PJ Automall, held in conjunction with the ongoing CARSOME Autofair. This collaboration showcases both companies’ commitment to advancing sustainable mobility and making EV ownership more accessible to Malaysians while enhancing the car-buying and selling experience for customers. Read more about this partnership here - https://lnkd.in/gDKJkzNc #CARSOME #NETA #Sustainability #Partnership #ElectricVehicles #NETAXEV