iMotorbike, Southeast Asia's leading motorcycle platform for buying and selling pre-owned motorcycles, has secured US$10 million (RM44.6 million) in Series A funding, led by Headline, with participation from Ondine, 500 Global, Gobi Partners, Astor Management, and Endeavor Catalyst. The funding will support iMotorbike's expansion in Malaysia, including new inspection centers and showrooms, as well as workforce growth. The company also plans to establish a new branch in Taiwan.
iMotorbike, Southeast Asia 's leading online platform for buying and selling pre-owned motorcycles, has secured US$10 million (RM44.6 million) in Series A funding. The round was spearheaded by Headline , a globally recognized venture capital firm specializing in transformative B2B and B2C ventures, with participation from prominent investors including Ondine , 500 Global , Gobi Partners, Astor Management, and Endeavor Catalyst.
This funding will fuel iMotorbike's expansion plans in Malaysia, where it aims to open new inspection centers and showrooms in strategic locations like Penang and Johor. The company also intends to expand its workforce, recruiting skilled mechanics and operations staff. Beyond Malaysia, iMotorbike is set to establish a new branch in Taiwan.Since its inception in 2016, iMotorbike has gained prominence in Malaysia and Vietnam by prioritizing customer trust and convenience. Its platform boasts a comprehensive 170-point inspection process, a six-day return policy, and a six-month warranty, solidifying its reputation as a reliable and customer-centric platform. The company's growth trajectory has been particularly impressive in Malaysia, propelled by the launch of its Glenmarie showroom in 2024. This state-of-the-art, three-story facility spanning 46,806 square feet in Selangor has become a hub for motorcycle enthusiasts. Co-founded by Gil Carmo and Sharmeen Looi, iMotorbike achieved a significant milestone in 2024, serving 10,000 customers and establishing itself as the go-to platform for motorcycle enthusiasts across Southeast Asia. Its growing online presence, particularly on TikTok, where content has garnered up to 1.6 million views, has further amplified its popularity among digitally savvy users. iMotorbike's success can be attributed to its seamless integration of online and offline experiences, providing a trusted platform for buying, selling, and trading motorcycles.The Series A funding, completed in two tranches - the first in June 2023 and the recent round led by Headline - reflects the investors' confidence in iMotorbike's vision and potential. Akihiko Okamoto, Partner at Headline Asia, expressed his enthusiasm for supporting iMotorbike's journey and witnessing their continued innovation. Khailee Ng, Managing Partner at 500 Global, emphasized the resilience of the global used motorcycle market and commended iMotorbike's team for creating a blueprint for trust and convenience in the motorcycle marketplace. Randolph Hsu, Co-founder of Ondine Capital, highlighted iMotorbike's remarkable growth and unwavering commitment to transforming the motorcycle market in Asia. Gil Carmo, Co-founder and CEO of iMotorbike, expressed gratitude for the investors' and customers' trust and reiterated the company's dedication to setting new standards within the industry, making pre-owned motorcycles more accessible and hassle-free for everyone. Looking ahead, iMotorbike is poised to capitalize on its robust foundation and ambitious plans, solidifying its leadership position in Southeast Asia and beyond
Imotorbike Series A Funding Motorcycle Market Southeast Asia Expansion Headline Ondine 500 Global
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