Carzuno accelerates growth with over subscribed funding round

Carzuno, a Singapore-based all-inclusive car subscription platform, announced today that it raised $500,000 in an oversubscribed pre-seed funding round.

The round drew a lot of interest from investors, including venture capitalists like Hustle Fund and Net Ventures, as well as private investors in the automotive and ride-hailing industries.

The funds raised will be used to expand the team, improve the technological offering, speed up the adoption of more electric vehicles on the platform, and increase the number of subscriptions purchased by consumers and corporate partners.

“The experience of Carzuno’s team and their value proposition in digitalizing a traditional sector to provide more flexibility and convenience through their digital, all-inclusive car subscription platform is highly attractive,” Shiyan Koh, Co-founder & General Partner, Hustle Fund.

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