Carro Revenue, Valuation, Funding & Investors

GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business.

Lyft is the second-largest ride-sharing service provider in the US and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Neutron Holdings Inc is a micromobility company that provides rentals of shared electric scooters (e-scooters) and electric bicycles (e-bikes) through its platform (the Rider App) to be used for short distances in various cities and municipalities around the world.

GO Inc is a mobility-tech company, focused on taxi and transportation services through a digital platform. Its business activities include the provision of dispatch systems for taxi operators, taxi-hailing applications, and other mobility-related services.

Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore, Indonesia, and Malaysia contributed more than 70% of revenue in 2024. Grab’s main competitors in Southeast Asia are Line Man and Goto. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.

BlaBlaCar is a Paris-headquartered carpooling platform operating in 22 countries including Europe, Russia, Turkey, Mexico, Brazil, and India. It links drivers with passengers for long-distance trips, enabling cost-sharing through its website and mobile apps. Features include verified profiles, declared identities, and chatty level indicators from Bla to BlaBlaBla to build trust. Backed by investors such as Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok, and ISAI, the service maintains offices in over a dozen countries worldwide.

DiDi Global Inc is a mobility technology platform that provides a range of mobility services as well as other services. It is building four key components of its platform that work together to improve the consumer experience: shared mobility; energy and vehicle services; electric mobility; and autonomous driving. It is a go-to brand in China for shared mobility, providing consumers with a range of safe, affordable, and convenient mobility services, including ride-hailing, taxi-hailing, chauffeur, hitch, and other forms of shared mobility. The company operates in three segments: China Mobility, which mainly includes ride-hailing services to riders, and also acts as an agent by connecting end-users to service providers who provide taxi hailing; International; and Other Initiatives.

Inchcape PLC, based in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has three reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Asia Pacific (APAC), the Americas, Europe and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company’s profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.

Openlane Inc provides a digital marketplace for used vehicles, connecting sellers and buyers in North America and Europe for fast and transparent transactions. Its services include financing, repossessions, repairs, transportation, warranty, and inventory management. The company operates used-vehicle auctions and has two main segments: Marketplace and Finance, with majority revenue coming from the Marketplace segment, which to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain. The Finance segment, through AFC engaged in business of providing short-term, inventory-secured financing to independent vehicle dealers.

CARS24 is a Gurgaon-headquartered tech platform transforming the used car market in India with an AI-driven pricing engine and end-to-end transaction services. Customers receive instant valuations, schedule home inspections, and complete sales within hours, while buyers access inspected inventory with warranties. Operating in over 150 cities, it expanded into the UAE and Australia, processing hundreds of thousands of cars annually through its 180+ hubs.

Souche is a Beijing-headquartered automotive new retail platform in China that operates used-car leasing through Tangeche, B2B supply chain services via Chehang168, and online trading on Cheyipai. Founded in December 2012 by Yao Junhong, a former CAR Inc. executive, the company secured over $1.2 billion in funding by August 2018 from investors including Alibaba, Ant Financial, Morningside Venture Capital, Warburg Pincus, and Primavera Capital. Recognized in PitchBook's 2017 New Global Unicorns Ranking, Souche manages additional platforms like car-sharing TIHD, dealer SaaS Dafengche, and dealership network Maicheguanjia, alongside ERP provider Breakthrough and logistics firm Iyunche, serving nationwide dealerships and consumers.

Autotrader Group PLC is a digital automotive marketplace based in the UK, which provides trading channels for a range of vehicles such as cars, trucks, vans, bikes, and farm machinery, as well as relevant services such as car insurance, loans, valuations, and vehicle check services. The company generates revenue from two streams; Auto Trader: includes the results of Auto Trader and AutoConvert in respect of online classified advertising of motor vehicles and other related products and services in the digital automotive marketplace including share of profit from the Dealer Auction joint venture and Autorama: the results of Autorama in respect of a marketplace for leasing new vehicles and other related products and services.

Car Group is a globally diversified group of online marketplaces for auto and nonauto vehicles. The group’s primary business is its Australian online marketplace for automotive, www.carsales.com.au., which is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. Car Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data businesses.

ACV Auctions Inc operates a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers. Additionally, the company's marketplace platform is supported by remarketing centers in various locations throughout the United States.

CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company operates within three segments: the Consumer Group, Remarketing Group, and Classifieds Group.

StockX is an online marketplace for authenticated sneakers, apparel, streetwear, electronics, collectibles, and trading cards, founded in 2016 in Detroit. The platform functions like a stock market for consumer goods, using bid-ask pricing and expert verification to confirm authenticity for buyers and sellers. It has grown to more than 15 million buyers and 1.7 million sellers, with over 50 million lifetime trades, competing with platforms such as GOAT in the authenticated resale market.

OYO is a Gurgaon-headquartered hospitality chain operating leased hotels, guesthouses, and vacation rentals across India, Southeast Asia, Europe, and the US. It equips properties with standardized amenities, dynamic pricing tools, and a booking app serving budget travelers seeking verified accommodations in over 80 countries.

Goat Group is a Culver City-headquartered marketplace specializing in authenticated sneakers, apparel, and accessories under GOAT and Flight Club brands. It operates 13 retail stores and authentication centers in the United States, Asia, and Europe, shipping to 170 countries. The platforms list products from 350 brands like Nike, Adidas, and Jordan, processing millions of transactions yearly. Backed by Foot Locker and venture firms including Andreessen Horowitz, Goat Group verifies items through 450 specialists worldwide.