Revved-Up Returns

• 500-backed integrated automotive ecommerce platform CARSOME just delivered their most profitable quarter to date. After achieving a US$4.3M EBITDA in Q1 2025, the company topped it with over US$5M EBITDA in Q2 2025.
• Growth across both wholesale and retail segments led to a 19% YoY rise in gross profit, driving H1 2025 EBITDA past US$10M — a 7x increase from the same period last year.
• This marks another milestone in CARSOME’s rapid profitability journey — from their first EBITDA profitable quarter in Q1 2024, to wrapping up the year with a US$10.5M EBITDA, up 25% on the back of higher margins and revenue.
• 2024 was also a landmark year for their expansion with ~US$46M in financing partnerships from AmBank and Maybank fueling growth.
• CARSOME is scaling further with a Google Cloud partnership to enhance AI-driven services, including its pricing engine, customer service automation, and car inspection processes.
• Read the full story on Tech in Asia.