Vietnamese used-car transaction platform Vucar has secured an undisclosed Pre-Series A funding round. OSK-SBI Venture Partners led the investment into the Ho Chi Minh City-based startup. The company operates a digital marketplace that links private car owners directly with vehicle buyers.
Investor participation
Lead investor OSK-SBI Venture Partners is a Southeast Asia-focused venture capital firm based in Malaysia and Japan. Existing startup investors Monk’s Hill Ventures and Antler also participated in the funding round. The fresh capital injection follows a Seed round that the company announced in September 2024.
Marketplace operations
Vucar facilitates transactions between sellers and buyers through competitive online auctions. The platform provides professional vehicle inspections, background document verification, and pricing tools. It also manages secure payment processing and final vehicle handover support for users.
Automated pricing tools
The company developed a proprietary artificial intelligence pricing model to evaluate used cars. Vucar trained this valuation software on more than 4 million individual vehicle listings. The platform operates as Vietnamese auto sales climbed 31% year on year across the first half of 2026.
Vucar plans to use the new capital to accelerate ongoing product development. The startup will also direct resources toward improving its core transaction services. Finally, the company intends to expand its growing network of vehicle buyers and sellers across Vietnam.
Read more: techinasia.com