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Motorist raises $1.2 mil to fund further growth

The Edge Singapore
The Edge Singapore9/9/2021 10:46 AM GMT+08  • 3 min read
Motorist raises $1.2 mil to fund further growth
Motorist says it is used by around 10% of Singapore's overall vehicle population. It is aiming for 40% come 2023.
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Motorist, which describes itself as a “motoring superapp”, has raised $1.2 million in seed funding from an AngelCentral syndicate led by Lim Der Shing, co-founder of JobsCentral.

Besides Lim, this funding round also saw participation from previous investors, Royston Tay, co-founder of Zopim and Huang Shao-Ning, Lim’s co-founder of JobsCentral.

Motorist claims to have grown its revenue by five times between 2018 and 2021, its services has been used by around half a million drivers to do transactions such as buying and selling cars and paying taxes and so on.

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