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§ Private Profile · Singapore, Central Region, Singapore
Online marketplace for buying and selling pre-owned motorcycles in Southeast Asia, providing financing, insurance, and warranty services.
iMotorbike operates an e-commerce platform for buying and selling pre-owned motorcycles in Southeast Asia, headquartered in Kuala Lumpur, Malaysia. The platform provides a secure online experience for transactions, complemented by a suite of value-added services such as insurance, road tax, extended warranty, and financing for users in Malaysia and Vietnam. The company completed a US$10 million Series A funding round in January 2025, following an earlier RM12 million (approximately US$2.6 million) Series A in June 2023. These funds support regional expansion and operational enhancements. Notable investors include Penjana Kapital, The Hive Southeast Asia, 500 Global, SOSV’s Orbit Startup, Goodwater Capital, Seedstar International Ventures, and Permodalan Negeri Selangor Berhad (PNSB). iMotorbike was founded by Gil Carmo and Sharmeen Looi.
iMotorbike has raised $12.6M across 2 funding rounds.
iMotorbike has raised $12.6M in total across 2 funding rounds.
iMotorbike has raised $12.6M across 2 funding rounds. Most recently, it raised $10.0M Series A in January 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2025 | $10M Series A | — | 500 Startups, Alpha JWC Ventures, Presight Capital, White Star Capital, Dimiter Tschawow, Mato Peric | Announced |
| Jun 27, 2023 | $2.6M Series A | Thomas G. Tsao, Randolph HSU | 500 Startups, Goodwater Capital, Penjana Kapital, Permodalan Negeri Selangor Berhad, Seedstars, SOSV, The Hive Southeast Asia | Announced |
iMotorbike has raised $12.6M in total across 2 funding rounds.
iMotorbike's investors include 500 Startups, Alpha JWC Ventures, Presight Capital, White Star Capital, Dimiter Tschawow, Mato Peric, Thomas G. Tsao, Randolph Hsu, Goodwater Capital, Penjana Kapital, Permodalan Negeri Selangor Berhad, Seedstars.
iMotorbike is a Malaysia-based e-commerce platform specializing in buying and selling pre-owned motorcycles, parts, and accessories, while also offering services like inspections, financing, insurance, and road tax.[1][2][3] Founded in 2016 by Gil Carmo and Sharmeen Looi, it targets Southeast Asian markets where motorcycles dominate mobility—such as Malaysia (1:1 motorcycle-to-car ratio), Indonesia (6.5:1), and Vietnam (14.2:1)—solving pain points like reliability, transparency, market fragmentation, and time consumption through a secure marketplace with features like 6-day returns, 6-month warranties, and nationwide delivery.[1][2] The company has achieved strong growth, generating over 2,500 transactions and RM16 million (US$3.5 million) in revenue, and raised US$2.6 million in Series A funding in a round led by investors including Gobi Partners, Ondine Capital, and Seedstars International Ventures to fuel expansion in Malaysia and Vietnam.[1][2][3]
iMotorbike was founded in 2016 in Kuala Lumpur, Malaysia, by entrepreneurs Gil Carmo (CEO) and Sharmeen Looi, who identified a critical gap in the fragmented pre-owned two-wheeler market across Southeast Asia.[1][2] Carmo, with his background in tech and business, emphasized customer obsession from the start, launching an online platform that combines classified ads with comprehensive services to make transactions fast, efficient, and safe.[1][5] Early traction came from addressing real-world frustrations in motorcycle trading, leading to rapid adoption; the company quickly scaled to over 170 inspection points and generated significant revenue, culminating in its 2023 Series A funding round that validated its model and positioned it for regional growth.[1][2][3]
iMotorbike stands out in the pre-owned motorcycle market through these key strengths:
iMotorbike rides the wave of circular economy trends in mobility, capitalizing on Southeast Asia's massive two-wheeler market (216 million motorcycles across key countries) where pre-owned trading is fragmented and underserved.[1][2] Its timing aligns with rising sustainability demands, urbanization, and e-commerce penetration in the region, where motorcycles outnumber cars dramatically and consumers seek reliable alternatives to new purchases amid economic pressures.[2] By promoting reuse and building a robust ecosystem, iMotorbike influences the startup scene as a model for marketplace innovation, backed by prominent VCs like Gobi Partners and SOSV, and contributes to reshaping two-wheeler mobility toward efficiency and environmental impact.[1][2][4]
iMotorbike is primed for explosive growth by expanding inspection centers, tech investments, and operations in high-potential markets like Indonesia and Vietnam, leveraging its Series A capital to dominate the circular two-wheeler economy.[1][2] Trends like sustainable mobility, e-commerce acceleration, and VC interest in SEA marketplaces will propel it, potentially making it a major regional player with network effects from more listings and services.[2][4] As it evolves, expect deeper ecosystem integration—perhaps AI-driven matching or expanded parts logistics—solidifying its role from a trading platform to a full mobility enabler, much like how it began by filling a vital market gap.[1][5]