iMotorbike is making the used motorcycle market much better for everyone now
iMotorbike.com, Southeast Asia’s leading pre-owned motorcycle marketplace, has successfully raised USD10 million (about RM43.9 million) in Series A funding, a pivotal moment in the company’s growth. The funding round was led by Headline Asia, with additional participation from prominent investors such as 500 Global, Gobi Partners, Ondine Capital, Astor Investment Management LLC, and Endeavor Catalyst.
Founded in 2016, iMotorbike has quickly become the leader in the pre-owned motorcycle market in Southeast Asia. With a strong focus on providing innovative online and offline experiences, the platform has earned the trust of over 10,000 customers. The company has also captured significant attention through its engaging TikTok content, which amassed 1.6 million views.
Moreover, the company’s flagship facility is located in Glenmarie, Malaysia, and with the new Series A funding, iMotorbike is set to expand its presence across the region. This includes the opening of additional inspection centers and showrooms in key locations such as Penang and Johor, as well as a new market entry into Taiwan.
These strategic expansions will not only increase the company’s footprint but also enhance its ability to meet the rising demand for quality pre-owned motorcycles. iMotorbike’s innovative approach to the pre-owned motorcycle industry has allowed the company to address common pain points faced by buyers and sellers.
Their platform also offers a seamless experience, from inspection and certification of motorcycles to financing and delivery. This holistic approach is what sets iMotorbike apart from competitors in the market. With the backing of its investors, iMotorbike is poised to continue its growth trajectory and further solidify its position as a dominant player in Southeast Asia’s motorcycle market.
On top of that, the company aims to introduce new features and improve its platform, ultimately transforming the way people buy and sell motorcycles across Southeast Asia and beyond, expanding their good work to the whole world eventually, which can only be a good thing for motorcycle enthusiasts globally.
As iMotorbike continues to scale its operations, the focus remains on providing exceptional customer service, enhancing the user experience, and offering a safe, trustworthy platform for the growing number of motorcycle enthusiasts across the region. This investment marks an exciting new chapter in iMotorbike’s journey to reshape the motorcycle marketplace.
