1️⃣ Strategic Milestone 🤝
Motorist, a Singapore-based leader in automotive tech, has snagged Tokyo Century Leasing (Singapore) as a key investor in its Series A round. This move, valuing Motorist at a cool €56M (approx $60M), isn't just about cash - it's a vote of confidence in Motorist's vision to overhaul the automotive world.
2️⃣ Funding Facts 💰
Existing AngelCentral Syndicate investors have rejoined the fray, solidifying trust in Motorist’s growth. Tokyo Century Leasing's expertise is a game-changer, promising more robust financing solutions. It's not just a financial boost; it’s a strategic alliance to fuel Motorist's ambitions.
3️⃣ Expansion and Vision 🌏
Eyeing a global footprint, Motorist plans to spread its wings to 10 countries by 2026, already making strides in Singapore, Malaysia, Thailand, and Vietnam. This venture goes beyond borders, aiming to reshape automotive experiences worldwide.
4️⃣ Innovative Ecosystem 🚗
At the heart of Motorist's success is its popular 'Motorist Super App', capturing 15% of Singapore's vehicle owners. This app is just the tip of the iceberg; Motorist envisions a future where automotive transactions are seamless and user-friendly.
5️⃣ The Growth Path 📈
Founded in 2015, Motorist is not just growing; it's evolving. With plans to boost its financing business, the company is keen to meet the dynamic demands of the automotive market, aiming to be the driving force in automotive tech innovation.
What does Motorist’s strategic partnership with Tokyo Century mean for the future of automotive technology and financing
