# Socar Malaysia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socar-malaysia

- Industry: Transportation Services
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.socar.my/consumer
- Total disclosed funding: $73M
- Latest round: Series B (Sep 14, 2021)
- Investors on record: 4

## About

Founded in 2017 and based in Kuala Lumpur, Malaysia, Socar Mobility Malaysia Sdn. Bhd. operates a car-sharing service that allows individual travelers and small groups to book a car through its mobile application platform. In September 2021, Socar Mobility Malaysia Sdn. Bhd. raised USD 55 million in series B funding from new investors EastBridge Partners, Sime Darby Berhad and other unspecified investors.

The company will use the  September funding to support continuous technological enhancements, the introduction of clean mobility initiatives, and further development of its P2P car-sharing marketplace TREVO and to facilitate SOCAR’s expansion of its multiflex mobility footprint in Southeast Asia.

## Funding rounds

- Series B, Sep 14, 2021, $55M — Sime Darby Berhad, EastBridge Partners
- Series A, Feb 14, 2020, $18M — Eugene Private Equity, KH Energy Co., Ltd.

## Investors

- Eugene Private Equity (https://capitalatlas.ai/funds/eugene-private-equity) — Series A
- KH Energy Co., Ltd. — Series A
- Sime Darby Berhad — Series B
- EastBridge Partners (https://capitalatlas.ai/funds/eastbridge-partners) — Series B