iMotorbike Recognized on Forbes ‘Asia 100 To Watch 2024’ List

Acknowledged for rapid growth and innovation, iMotorbike secures its position as one of the leading players in Southeast Asia’s motorcycle e-commerce market.

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The leading E-commerce platform for buying and selling used motorcycles iMotorbike, has been named to the Forbes Asia 100 To Watch 2024 list. This prestigious recognition highlights the company’s rapid growth and innovation within the e-commerce and retail sectors. 

iMotorbike is among four Malaysian companies honoured this year, alongside Applecrumby, LiveIn, and Paywatch. The list showcases 100 companies from 16 countries and territories, with India leading the way with 20 companies, followed by Singapore (15), mainland China (10), Japan (9), and Indonesia (8).

The Forbes Asia 100 To Watch list is an annual spotlight on the most promising small companies and startups in the Asia-Pacific region. This year’s featured companies have collectively drawn over $2 billion (RM8.75 billion) in total investments, despite a recent slowdown in venture capital funding. iMotorbike’s inclusion on the list underscores its success in a highly competitive market. 

“We are honoured to be recognized by Forbes Asia and proud of what we’ve achieved so far,” said Gil Carmo, CEO of iMotorbike. “This acknowledgement is a testament to the hard work of our team and the trust of our customers. We are committed to pushing the boundaries in the e-commerce space and look forward to what the future holds.”

Founded in 2016 and headquartered in Kuala Lumpur, iMotorbike has expanded its operations to both Malaysia and Vietnam. The platform is known for its emphasis on reliability and customer satisfaction, offering a 170-point inspection process for all motorcycles and an easy return policy—setting new industry standards in the online motorcycle market.

In June 2023, iMotorbike secured $2.6 million in a series A funding round, led by Gobi Partners and Shanghai-based Ondine Capital, with participation from Malaysia’s Penjana Kapital, Seedstars, and U.S.-based Goodwater Capital. This infusion of capital is expected to drive further expansion and innovation as the company strengthens its presence in Southeast Asia.

With its inclusion in the Forbes Asia 100 To Watch 2024 list, iMotorbike is well-positioned to continue its upward trajectory, solidifying its status as a leader in the region’s motorcycle e-commerce market.