Carro, a Singapore-headquartered automotive platform, announced on June 18, 2026, that it has acquired CarPlace, an Australian used-car platform, marking Carro’s entry into the Australian market and its eighth Asia-Pacific market presence [1, 2, 3].
CarPlace is operated by Autoleague, one of Australia's largest automotive groups, which remains a strategic shareholder of CarPlace and also becomes a strategic investor in Carro following the acquisition [1, 2, 3].
Carro will take over CarPlace’s showrooms in Western Australia and Queensland and plans to launch wholesale operations in Victoria [1, 2, 3]. Aaron Tan, Carro’s co-founder and CEO, said, “We found an ideal strategic partner in Autoleague to drive our ambitions in Australia. We look forward to growing into a leading company there” [1].
Tan emphasized Australia’s market size and dynamics, describing it as “one of the largest used-car markets with consistent sales of 2.3 million units a year and fast EV growth. The market is geographically sparse and homogeneous, making it very attractive” [3].
Carro employs over 4,500 people across the Asia-Pacific and was founded in 2015 in Singapore [1, 2, 3]. The company has raised over S$700 million from investors including the Softbank Vision Fund and sovereign funds. In September 2025, Carro secured US$60 million in a funding round led by the Cool Japan Fund [1, 2, 3].
Carro expanded into new car sales in Singapore and Malaysia in 2025 and aims to grow its wholesale operations in Australia. Tan said, “We’re confident in our strong wholesales capabilities. This comes as a result of Carro’s presence in Japan, which puts us in a very strong position to bring in popular pre-owned models” [2]. Carro is among the few Asia-Pacific companies capable of serving the Japan-Australia import corridor [2, 3].
The acquisition completes Carro’s entry into Australia, with strategic dealership and wholesale operations now underway.
