Home News Startups, Entrepreneurs, Digital economy

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.