E-Commerce

$2.6M for iMotorbike to get all revved up for growth

June 28, 2023
iMotorbike founders (from left to right) Gil Carmo and Sharmeen Loi. Image from iMotorbike

Get some real speed with iMotorbike! This Malaysian e-commerce platform lets you buy and sell pre-loved motorbikes. And they just raised $2.6M in Series A funding!

  • Launched in 2020, they’ve completed over 2,500 transactions and raised a total revenue of $3.5M.
  • Shop brands like Honda, Suzuki, Yamaha (and more!) in their platform. 

Investor check. Gobi Partners and Ondine Capital led the round while returning investors Penjana Kapital, The Hive Southeast Asia, 500 Global, and SOSV’s Orbit Startup joined in. 

  • Oh, new investors like Goodwater Capital, Seedstars International Ventures, Permodalan Negeri Selangor Berhad (PNSB), and other VCs also participated!

🏍️ On a ride

Want to get a sweet ride? You can use iMotorbike to buy and sell authentic two-wheeled vehicles fast.

  • Hassle-free selling. Just give them your details, get a free quotation, and book a free physical inspection. You can get paid on the spot!
  • You’re safe. They offer money-back guarantees, warranties, and insurance for buyers.  

🏦 Get financed

You can also get loans to pay off your new motorbike.

  • They have installment periods of up to 84 weeks with rates as low as 0.40% for qualified candidates.

🕶️ What the future holds? 

They’re going to strengthen operations in Malaysia and Vietnam by opening more inspection centers.

  • Oh, and they’re also going to invest in their tech and grow their team.

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