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 : Discovery Hour: Healthcare is among the most corrupt sectors in many countries....

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

Peter Lim of Trident Analytics 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

Kristy Hung, Bloomberg Intelligence gives us her perspective on the Chinese property market and outlook.

7:45 AM

Morning Brief

Dr. Benjamin Barton from University of Nottingham Malaysia discusses the new momentum in Malaysia–UK ties after Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's UK visit.

8:00 AM

The Breakfast Grille

Darren Chang, Managing Director of Signature Alliance Group outlines the firm’s growth plans, market edge, and post-IPO strategy ahead of its ACE Market debut.

8:30 AM

Morning Brief

Dr. Khoo Ying Hooi, Associate Professor at Universiti Malaya discusses expectations for Malaysia's new envoy to Washington D.C.

8:45 AM

Morning Brief

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

9:00 AM

Opening Bell

Peter Lim of Trident Analytics tells us where international markets are heading.

9:15 AM

Opening Bell

Geoff Howie, SGX discusses trends in Singapore equities.

9:35 AM

The Property Show

Lawyer Yeoh Tung Seng discusses how a private lease scheme works following court disputes involving properties in Johor.

10:05 AM

Open For Business

BrioHR Co-Founder & CEO Benjamin Croc discusses their recent $6.5M Series A funding and plans to expand AI-driven HR solutions across Southeast Asia.

11:00 AM

The Workplace

Can sports ethics build stronger, more ethical companies? We speak with Paresh Subramaniyam, Founder and CEO of Engage Life, to explore how the timeless values of sports can change today’s workplace culture.

12:00 PM

Enterprise Explores

Today, on the first-ever World Day for Assistive Technology, we speak with Stevens Chan, Founder and CEO of Dialogue Includes All, a social enterprise shaped by his personal journey of losing his sight. We discuss what assistive tech really means, why inclusive design still struggles to take root in Malaysia, and how businesses can shift from designing for people with disabilities to designing with them from the start.

1:00 PM

The Breakfast Grille Repeat

Darren Chang, CEO, Signature Alliance Group.

2:05 PM

Discovery Hour

Healthcare is among the most corrupt sectors in many countries. We explore how to strengthen our healthcare system against corruption, abuse, wastage and fraud.

3:05 PM

Earth Matters

As cities grow and forests shrink, human–macaque encounters are becoming more frequent—and sometimes tense. Three experts working to reduce conflict and foster coexistence between people and primates, join us to share insights from their on-the-ground efforts.

4:05 PM

Health & Living

The healthcare system is making our planet sick - we look at what Universiti Malaya is doing to reduce the carbon footprint of its medical faculty.

5:00 PM

Top 5 at 5

6:00 PM

Good Things

We speak to Ho Yock Lin, President of AWAM, to revisit the key achievements in women’s rights.

7:00 PM

Made in Malaysia

We take a look at Potehi, or Chinese glove puppet theatre with Hon. Professor Dr Tan Sooi Beng.

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my