Speeding up 

• 500-backed iMotorbike, a platform for buying and selling pre-owned motorcycles, has raised a $10M Series A from investors Headline, 500 Global, and more.
• The funding will support the team’s expansion in Malaysia, with plans to open new inspection centers and showrooms in key locations. They also plan to expand to Taiwan and grow their workforce, particularly in skilled mechanics and operations.
• Founded in 2016 by Gil Carmo and Sharmeen Looi, iMotorbike is in Malaysia and Vietnam, serving 10,000 customers to date.
• “We first invested in iMotorbike in 2017 and remain confident that the global used motorcycle market will stay resilient as riders seek affordable and reliable solutions amid economic uncertainties,” shared Khailee Ng, 500 Global Managing Partner.
• “As early movers, Gil and his team have spent the past 8 years creating a blueprint for trust and convenience in the motorcycle marketplace, positioning them to lead this mobility trend far beyond Southeast Asia,” he added.
• Gil revealed that beyond expanding their footprint in Malaysia and launching in Taiwan, the team will continue improving their platform and scaling their operations to meet growing demand.
• “We remain committed to setting new standards within the industry, making pre-owned motorcycles more accessible and hassle-free for everyone,” he shared.
• Read the full story on TechNode Global.