Cool Japan Fund led a $60m funding round in Carro.

Cool Japan Fund, a public-private fund with the aim of supporting and promoting the development of demand overseas for Japanese products and services, led a $60m funding round in Carro, an automotive technology company engaged in providing an online platform for buying, selling, financing, and leasing vehicles, offering end-to-end car ownership solutions across Southeast Asia. “Japanese cars hold a significant share of the used car market across Asia Pacific, and we’re keen to cement our dominance. Through this investment in Carro, Cool Japan Fund aims to boost demand for Japanese cars in the region and reinforce their value by showcasing Japan’s advanced automotive technologies," Kenichi Kawasaki, Cool Japan Fund President, CEO and COO.