Online car trading platform Carro has completed a $60 million financing to boost car sales in the Asia-Pacific region, including Japan.

On September 17, Carro, a Singapore-based online automotive marketplace, announced that it had completed a $60 million financing round led by Japanese venture capital fund Cool Japan Fund. Carro said the investment would be used to promote Japanese cars in the Asia-Pacific region and increase the market share of Japanese plug-in hybrid vehicles in the region. (Jiemian)