Read our latest report to explore how car sharing is appending mobility in SE Asia

Photo: Why Kei / Unsplash

The COVID-19 pandemic has made commuters wary of using public transit systems, yet the sale of new cars in Southeast Asia has only moved downhill this year.

New vehicle sales plunged across SE Asia in January-June 2020 — the biggest drop was seen in the Philippines (52 per cent) — as disposable incomes in the region fell.

Consumers are now shifting to second-hand cars, car rentals, and car-sharing platforms while looking to finance the purchases through alternative lending sources. This has given a fillip to platforms such as Carsome, Carro, and Carousell, to name a few.

Investors, too, are taking note of the new direction of mobility — there were 12 deals in the car platform space in SE Asia in 2020, up from seven last year.

 

Our latest report, SE Asia’s car platforms in a post-pandemic world, looks at the sector holistically, covering:

  • Southeast Asia’s major car platforms and their evolution
  • Deals in the car platform space in 2019-20.
  • Why car platform deals are gaining traction
  • Impact of Covid-19 on their transactions and user growth
  • Opportunities and risks for existing car platforms.

For more details on the growth and evolution of car sharing in SE Asia 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.