[L-R] iMotorbike co-founders Gil Carmo (CEO) and Sharmeen Looi (CMO) with Headline Asia’s Akihiko Okamoto and Brian Yen
iMotorbike, an online platform for pre-owned motorcycles in Malaysia, has completed a US$10 million Series A funding round led by Headline Asia.
Ondine, 500 Global, Gobi Partners, Endeavor Catalyst, and Astor FMO participated in the round.
The funding will support iMotorbike’s expansion into Malaysia, including new inspection centres and showrooms in key locations like Penang and Johor. The company also plans to launch operations in Taiwan.
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In addition, the company will be growing its workforce, hiring skilled mechanics and operations staff.
Co-founded by Gil Carmo and Sharmeen Looi, iMotorbike is a platform for buying and selling pre-owned motorcycles, currently operating in Malaysia and Vietnam. Its mission is to tackle four pain points of buying and selling preloved motorcycles — reliability, transparency, market fragmentation, and time consumption.
iMotorbike claims to offer a fast, secure, easy and hassle-free online experience with 170-point motorbike inspections, 6-day return, 6-month warranty, countrywide delivery and a bundle of finance, road tax and insurance.
The startup claims to have seen rapid growth, reaching a milestone of 10,000 customers. Its three-story, 46,806-square-foot showroom in Glenmarie, Selangor, launched in 2024, has further fuelled the company’s growth in Malaysia.
“iMotorbike has shown remarkable vision and execution in addressing the gaps in the pre-owned motorcycle market,” said Akihiko Okamoto, Partner at Headline Asia. “Their focus on quality, transparency, and customer satisfaction has enabled them to become the leader in this space, which is a growing market.”
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“From day one, our goal has always been to create a platform that people can trust, whether buying or selling motorcycles,” said Gil Carmo, co-founder and CEO of iMotorbike. “This funding validates the work we have done and the potential of pre-owned motorcycles in Southeast Asia.”
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