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3 Latest Announced Rounds

$1,325.73M Raised in 74 Funding Rounds in the past 7 Days - View All

Funding Round Profile

Carbar

start up
Australia - Melbourne, Victoria
  • 15/02/2022
  • Unknown
  • $28,900,000

Buying, selling and maintaining cars can be stressful, time-consuming and expensive. And leasing can be a headache in its own right.

Fortunately, there is an alternative. Carbar is a mobility tech provider that’s offering something new - a no fuss way to drive that doesn’t involve ongoing and unexpected running costs, long-term debt repayments and balloon commitments.

With Carbar’s market-leading car subscription service, you pay a weekly fee to enjoy exclusive use of a vehicle complete with insurance, registration, servicing and roadside assist bundled in. There's no lock-in contracts and we only need 2 weeks’ notice to swap or cancel a subscription. It has never been easier to drive what you want, when you want. Learn more about how it works at carbar.com.au.

If subscription isn’t your thing, you can buy our cars outright. Every car on our website has been thoroughly tested and inspected, and is guaranteed roadworthy after meeting our extremely high standards. Test drive it for 3 days or 300km (whichever comes first) and if you don’t like it, then we’ll come and collect it from you.

Need to sell your car? Let us buy it from you. We’ll inspect the car, quote you a price and collect the car at a time that suits you. No tyre-kicking, no haggling, simple, fast and effective.

Visit our FAQs for more information on buying, selling and car subscription with Carbar !


Related People

Desmond HangCo Founder

Desmond Hang Australia - Greater Melbourne Area

Since 2016 I have led Carbar, one of Australia's fastest growing automotive tech start-ups, backed by Australia’s largest general insurer, IAG.

The business began with a view to enhance the customer experience of accessing mobility by offering a virtual car dealership model. Seeing a gap in the market to assist consumers to chunk down their vehicle payments and reduce barrier to accessing personal mobility, we grew our offering to become Australia’s first car subscription service that catered for Australian's growing desire for flexible living and financial stability. We continue to grow and scale the business and expand across Australia.

Prior to founding Carbar, I held senior roles in the digital team at Suncorp, iSelect and Telstra and founded two other businesses. I have a passion for emerging business, technology and crucially cars.