VENTURE CAPITAL / PORTFOLIOprivate Equity / PORTFOLIO

Carma

Carma is an online used car dealership that lets Australians buy or sell quality pre-owned vehicles entirely online. Customers browse rigorously inspected cars, arrange finance and book free delivery to their door in just a few clicks. Every vehicle, arrives with a 3-month warranty, roadside assistance and a seven-day money-back promise, giving drivers total confidence from day one. Carma is the preferred dealership of NRMA insurance.

Five V Capital invested because Carma couples high-touch service with a data-driven e-commerce platform that scales. It is a proven model in the US with the likes of Carvana. Carma's quality pre-owned cars, seven-day return promise, NRMA certified processes, doorstep delivery and integrated car finance create a seamless customer journey and defensible market position. These strengths, together with a culture of continuous innovation, position Carma to lead Australia’s growing digital automotive market.

VISIT WEBSITE
NUMBER OF EMPLOYEES

HEADQUARTERS

Sydney, Australia

ownership

Minority

Stage of investment

Series A

key initiatives

Scale-Up

key contact

Ed Bigazzi

industry

E-commerce

investment date

April 2022