Desmond Hang is the founder of Carbar. Carbar has raised $51M in total funding. Latest round: Series A. Based in Melbourne, Australia.
Desmond Hang is the founder of Carbar, a Melbourne-based startup that launched Australia's first car subscription service allowing customers to own a car month-to-month with insurance and services included. He raised $5.75 million initially to accelerate growth and later secured $16.8 million in funding with Insurance Australia Group (IAG) becoming the majority stakeholder. Carbar evolved from a 'try-before-you-buy' marketplace into a one-stop subscription service and later raised $28.9 million led by IAG and Seven West Media to expand its electric vehicle fleet.
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