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 !
Overview
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 7
| Date | Title | Description |
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| Aug 15, 2024 | Apple opens third-party payments for Australian iPhones | Tyro's iPhone payment system. Source: Tyro article-article-body Apple has announced Australian iPhones will soon support third-party contactless NFC payments, which will roll out with iOS 18.1 This feature leverages the iPhone’s NFC chip an... |
| Feb 15, 2022 | Seven West Media joins IAG in $28.9 million raise for vehicle subscription startup Carbar | Carbar has raised $28.9 million in a funding round led by IAG and Seven West Media. IAG, Australia’s biggest insurer, already has a majority stake in digital car subscription and trading startup Carbar following a $16.8 million raise in 201... |
| Jul 26, 2021 | Carbar bags $50 million in debt funding, and gears up for growth in electric vehicle subscriptions | Carbar co-founder and chief Desmond Hang. Source: supplied. Aussie car-subscription startup Carbar has secured $50 million in debt financing, as it gears up for growth, with a focus on electric vehicles. SmartCompany caught up with co-found... |
| Sep 15, 2019 | Стартапы недели: генератор учебных викторин, контролируемые кредитки и онлайн-школа для бизнеса | Подборка интересных стартапов от сооснователя United Investors. 1 1 комментарий 5033 просмотров На этой неделе в «Стартапе дня» были четыре проекта. Австралийский Carbar – обычный сервис подписки на автомобили. «Обычный сервис подписки на а... |
| Jul 16, 2019 | Melbourne startup Carbar secures $16.8 million, as IAG acquires majority stake | Carbar co-founders Davie Saw, Desmond Hang, Kenneth Teh and Richard Chen. Source: Supplied. Vehicle subscription startup Carbar has raised $16.8 million in funding, with Insurance Australia Group (IAG) acquiring a majority stake of the busi... |
| Aug 6, 2018 | Virtual dealership startup Carbar raises $5.75 million to fuel a change in the way we own cars | Carbar co-founders Davie Saw, Desmond Hang, Kenneth Teh and Richard Chen. Source: Supplied. Vehicle marketplace startup Carbar has raised $5.75 million for its virtual car dealership and subscription model for motors in what founder and chi... |
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FAQ about Carbar
When was Carbar founded?
Carbar was founded in 2016.
How much funding has Carbar raised?
Carbar has raised $5.75M in total across 1 funding round.
What has the press written about Carbar?
Parsers VC has collected 7 articles mentioning Carbar, among them “Apple opens third-party payments for Australian iPhones” (Aug 15, 2024) and “Seven West Media joins IAG in $28.9 million raise for vehicle subscription startup Carbar” (Feb 15, 2022).
Is Carbar still active?
Yes, Carbar is active; its latest activity on Parsers VC dates from Aug 15, 2024.