Singapore's Carro raises $60 million to promote Japanese cars in Asia

SINGAPORE (Reuters) -Carro, Southeast Asia's largest used-car online marketplace, has raised $60 million in a funding round led by Japan sovereign wealth fund Cool Japan Fund, the company said on Wednesday. The investment will go towards promoting Japanese cars across the Asia-Pacific region, Carro said in a statement, adding it was confident that it could increase the market share of Japanese plug-in hybrid electric vehicles in the region. Besides Singapore, Carro has a presence in markets including Mal ...