BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Open For Business  >  Fueled for Expansion: iMotorbike’s $10M Growth Playbook

Fueled for Expansion: iMotorbike’s $10M Growth Playbook

Gil Carmo, CEO, iMotorbike | Sharmeen Looi, CMO, iMotorbike

13-Mar-25 10:00

Fueled for Expansion: iMotorbike’s $10M Growth Playbook

With a $10 million Series A in the bag and backing from Gobi Partners, 500 Global, Headline, and Endeavor Catalyst, what’s next for iMotorbike?

Since launching in 2016, iMotorbike has evolved from a classifieds site into a full-fledged e-commerce platform for buying and selling pre-owned motorcycles. In this episode of Open For Business, co-founders Gil Carmo (CEO) and Sharmeen Looi (CMO) share how their 2021 pivot introduced a 6-day return policy, warranties, and financing options, transforming iMotorbike into a trusted one-stop center for motorcycles.

Now, with fresh capital, they’re scaling in Malaysia (Johor & Penang), doubling down on Vietnam, and expanding into Taiwan, while also growing their showroom network and inspection centers. We explore their 3X annual growth, their TikTok-driven marketing strategy, and how they’re setting the stage for profitable expansion and a potential IPO or M&A exit.

Here are 6 AI-Generated highlights from the conversation:

  • From Classifieds to E-Commerce – Pivoted in 2021 to a full-service platform, streamlining buying, selling, and financing.

  • $10M Series A Funding – Backed by top VCs, fueling regional expansion into Vietnam, Taiwan & Malaysia.

  • 3X Yearly Growth & Scaling Strategy – Tripling revenue annually, targeting 5X growth in 2025.

  • Physical Showrooms & Inspection Centers – Expanding beyond digital with 46,806 sq. ft. showrooms & 15 inspection centers.

  • Marketing & Community Growth via TikTok – 1.6M+ TikTok views, engaging riders through events & Telegram groups.

  • The Road Ahead: Profitability & Expansion Plans – Aiming for profitable showrooms, future Series B funding & IPO/M&A exit.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketsCars/MotoringSMEentrepreneurs

Tags:  used motorcyclesSeries A fundingSoutheast Asia mobilitymotorcycle marketplacee-commerce startup





Play / Pause

Listen now : The Breakfast Grille Repeat: H.E. Rafael Daerr, Ambassador of the European Union...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Joseph Sroka, Chief Investment Officer, NovaPoint Capital tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Dr. Malcolm Davis, Australian Strategic Policy Institute (ASPI) discusses the visit of President Xi Jinping to Moscow.

7:45 AM

Morning Brief

Julia Goh, Senior Economist at UOB shares her analysis on the impact of BNM’s decision to keep the OPR at 3%.

8:00 AM

The Breakfast Grille

H.E. Rafael Daerr, Ambassador of the European Union to Malaysia, shares on deepening partnerships and what the occasion means for EU-Malaysia ties.

8:30 AM

Morning Brief

Dr Azmil Mohd Tayeb, Political Scientist and Associate Professor, USM shares his insights on the state of the PKR leadership rift.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Joseph Sroka, Chief Investment Officer, NovaPoint Capital tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Shaji Rajappan, COO & Co-founder, Retailetics

11:00 AM

Mattsplained

MSP322. AI, You’re Basic

12:00 PM

Enterprise Explores

Amy Wong, Executive Director of Research & Consultancy, Knight Frank Malaysia

1:00 PM

The Breakfast Grille Repeat

H.E. Rafael Daerr, Ambassador of the European Union to Malaysia, shares on deepening partnerships and what the occasion means for EU-Malaysia ties.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Front Row

The Selangor Symphony Youth Orchestra and Asia Ballet Academy unite to reimagine a beloved ballet with a 50-piece orchestra and 100 dancers. We discuss the creative vision behind this performance.

3:30 PM

Front Row

The Philharmonic Winds of Malaysia discusses Symphonic Image, Malaysia’s premiere live performance of a uniquely curated orchestral experience blending folklore, culture, and musical transformation.

4:05 PM

Health & Living

Obesity increases the risk of almost all pregnancy complications - so what does this mean for the mother and unborn child?

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

Stuff We Missed: Havoc/Blood Brothers + Action Films

7:00 PM

Just For Kicks

8:00 PM

Bar None

9:00 PM

The Selector