In the news

StartUp Daily

July 2019

Insurance giant IAG has paid millions for a majority stake in vehicle hire startup Carbar

The country’s biggest insurer, IAG, has taken a majority stake in digital car subscription and trading startup Carbar as part of a $16.8 million raise by the three-year-old venture.

AIM Group

July 2019

Australia’s CarBar raises $11.9 million U.S.

CarBar — an Australia-based subscription car service — has received a $16.8 million AUD ($11.9 million U.S.) cash injection from investors, including Insurance Australia Group (IAG). The capital will be used to fund the company’s national expansion.

GoAuto

July 2019

AG funds Carbar

THREE-YEAR-OLD car subscription company Carbar has received a $16.8 million injection from investors including insurance giant IAG that puts it on track to expand into Western Australia and Queensland.

Collison Week

July 2019

Australia’s Largest Insurer Acquires Majority Stake in Digital Car Subscription Platform

Insurance Australia Group Limited (IAG), Australia’s largest general insurer, has acquired a majority stake in digital car subscription and trading platform Carbar.

Insurance News

July 2019

IAG buys into car subscription service

IAG has acquired a majority stake in car subscription and trading platform Carbar after participating with other investors in a $16.8 million capital raising.

Insurance Asset Risk

July 2019

IAG takes majority stake in car subscription service Carbar

Australian insurer takes the lead in $16.8m funding round

Coverager

July 2019

IAG Acquires Majority Stake in Carbar

Through Carbar, “IAG can better understand these changing mobility trends while providing new sources of value to customers,” the company said in a statement.

Which-50

July 2019

IAG Acquires Majority Stake In Subscription Auto Business Carbar

Car subscription and trading platform Carbar has raised $16.8 million from insurance company IAG and private investors.

AFR

July 2019

IAG invests millions in online car lease start-up

Multinational insurance company Insurance Australia Group has acquired a majority stake in Carbar, an online car leasing start-up that allows drivers and companies to hire cars without fixed contracts.

DealStreetAsia

July 2019

AU’s Carbar raises $16.8m from IAG, private investors to grow car subscriptions

Australian car subscription platform Carbar raised $16.8 million from IAG, the country’s largest general insurer, and private investors.

SmartCo

July 2019

Melbourne startup Carbar secures $16.8 million, as IAG acquires majority stake

Vehicle subscription startup Carbar has raised $16.8 million in funding, with Insurance Australia Group (IAG) acquiring a majority stake of the business.

The Australian

June 2019

Workers demand High-tech perks

Employees are being offered on-demand massages and car subscriptions in a bid to improve morale.

Savings.com.au

June 2019

Carbar’s ‘Netflix for cars’ is Australia’s first car subscription service

The start-up, which was previously only available in Melbourne, has launched in Sydney as part of a broader plan to roll out across the country. Des Hang, co-founder and CEO of Carbar, told Savings.com.au that car subscription services like Carbar can help people save money on the rising costs of car ownership.

Auto Rental News

June 2019

Luxury Subscription Service Expands to Sydney

Carbar’s "Netflix for cars" car subscription service has launched in Sydney, offering residents affordable access to luxury cars. Previously only available in Melbourne, the move marks Carbar’s first expansion interstate as part of a broader plan to roll out across the country.

Finder.com.au

June 2019

Carbar launches car subscription service in Sydney

Melbourne-based car subscription service Carbar has arrived in Sydney, its first expansion outside of Victoria. Dubbed the "Netflix for cars", the service originally launched in Melbourne in August last year, and plans to expand across the rest of the country.

The Australian

June 2019

Carbar’s ‘Netflix for cars’ in Sydney launch

Sydneysiders can now access luxury cars for a weekly subscription fee, as combustion engine car sales continue to decline.

Nine News

May 2019

Stress Free Spin: Carbar launches in Sydney

This new subscription service for cars allows you to drive what you want, when you want - then give it back when you're done.

MoneyMag

May 2019

‘Netflix for cars’: car subscription services are revving up

By 2025 1.9 million cars on Australian roads could be subscription cars. That’s 10% of the country’s current road fleet, and almost four times the 515,472 private vehicles sold in 2018.

Stockhead

May 2019

Here’s what Australia’s tech scene wants to see from the new Morrison government

“We don’t think this election result will have an immediate impact on us or the startup ecosystem, as there were not any promises made towards funding or incentivising the ecosystem.

The Australian

May 2019

Car subscriptions rev up

Paying for cars like Spotify and Netflix is slowly becoming the new normal.

AFR

April 2019

Facebook, Google are not publishers, says US anti-trust expert

Renowned US competition lawyer Howard Shelanski has pushed back against moves by regulators to treat Facebook and Google as publishers, saying any laws dictating how the tech giants display content or refer users to news sites would be overreaching.

The Australian

April 2019

‘It’s start-up policy by stealth’

Australia’s start-ups have welcomed Scott Morrison’s billion-dollar small business fund.

Global Fleet

April 2019

Australian Vehicle Subscription on the Rise

Competition in the Australian vehicle subscription industry is heating up with the announcement in Sydney today (9 April 2019) that Collaborate (ASX: CL8), the business behind peer-to-peer car rental platform DriveMyCar, has officially launched their own vehicle subscription service.

Stockhead

April 2019

The federal Budget failed to deliver on the one thing Australia’s startup industry wanted most – R&D

“Investing in the startup ecosystem and industry will flow on to improve other areas of business. The government aren’t interested in SMEs, they are buying votes.” Those sentiments were echoed by Carbar CEO Des Hang, who said the government’s policy indicated it now viewed small businesses and startups in the same basket, when in fact both industries have different needs.

Business Insider

April 2019

BUDGET RESPONSE: 'It’s budgets like this that force us to question

Businesses across the country have told Business Insider Australia what they make of Treasurer Josh Frydenberg’s first ever budget, which was unveiled on Tuesday evening.

StartUp Daily

April 2019

Startups react to the Federal budget cutting of innovation budget

For the second year in a row, the government has made cuts to the R&D tax incentive scheme and several startups have expressed their disappointment. “Alongside last year’s crackdown in December, it’s evident emerging companies shouldn’t rely on this policy going forward and should leverage it while they can” says Des Hang, CEO and co-founder, Carbar.

Business Insider

April 2019

Here's what 18 Australian tech business leaders want from the budget

There’s been a lot of uncertainty on the R&D tax incentives and we would expect that this budget would further clear this up. Our biggest concern is that the overall pool of funds allocated to R&D tax credits shrinks, but the government still allows Australia’s largest companies to easily access them.

The Australian

April 2019

Start-ups seek details on R&D tax incentive scheme

Australia’s start-ups are calling for clarity around the research and development tax incentive scheme.

Finder

March 2019

Business In:Brief with Des Hang (Carbar)

Des Hang is the CEO and co-founder of Carbar, the digital car marketplace that aims to take the stress out of buying and selling vehicles. Customers can buy a car directly from the website and have it delivered to their door, and then have a 3-day or 300km test period to see it they want it. The company also launched the car subscription service, Carbar+, last August, which lets drivers rent a car with no lock-in contracts and switch cars as they wish.

AFR

March 2019

How house prices woes have helped disrupter Carbar

The house price slide that is undermining confidence in the economy has fuelled a growth spurt for a company that rents out vehicles to drivers for short stints under a subscription model.

Mumbrella

March 2019

We sponsored a race car, and proved why startups should still invest in brand

Up until the Melbourne Grand Prix, the majority of Carbar's marketing had been online. CEO and co-founder Des Hang explains why...

Finder

March 2019

Why are car sales slowing in 2019?

There's a number of reasons why we're down from recent record highs.

Finder

March 2019

A brave new world for the Australian car market

Competing access models and technologies will transform the Australian car landscape, says Carbar CEO Des Hang.

StartUp Daily

February 2019

Government releases guidelines clarifying software development eligible for R&D tax incentive

The government has released new guidelines to help businesses claiming funding for software development through the research and development (R&D) tax incentive.

The Australian

January 2019

Carbar start-up hits right buttons for car ownership entry and exit

Melbourne technology start-up Carbar is pitching itself as Netflix for cars, ramping up a subscription product, dubbed “Carbar+”, allowing customers to switch car ownership on and off with the click of a button.

StartUp Daily

January 2019

The concerns keeping Australian startup leaders up at night

Of course startups are always working hard, but it’s generally agreed upon that not as much gets done in the business world between...

Channel 9 A Current Affair

November 2018

Carbar, Caltex turning servos into car yards

We’ve all been through the rollercoaster of selling a car, whether it’s bartering for a better deal, feeling bullied by salespeople...

Australia Financial Review AFR

November 2018

Caltex and Carbar turn service stations into car yards

Caltex is turning its service station forecourts into car sales and rental yards as an antidote to flat sales of fuel...

Channel 7 News

November 2018

Caltex service station selling used cars

A South Yarra service station is going beyond offering fuel and snacks for sale. It's now selling used cars.

Epoch Times

August 2018

墨尔本華裔青年低投入創業 年入千萬

三年前，墨爾本四名年輕人共投入15萬澳元創辦了Carbar公司，該公司去年的收入超過了1000萬澳元...

Yahoo7

August 2018

Aussie start-up disrupting vehicle ownership

It's been billed as 'Netflix for Cars', a new start-up promising to change how people drive...

Concrete Playground

August 2018

Australia's first-ever car subscription service service Carbar+ has just landed in Melbourne.

That whole car ownership caper can now be a little less stressful, thanks to the arrival of Melbourne's new car subscription service...

Herald Sun

August 2018

Melbourne start-up looking to disrupt car ownership with Netflix-style subscription service

A MELBOURNE-based start-up is looking to capitalise on a change in consumer behaviour by offering Australians what it calls the “Netflix of cars”.

News.com.au

August 2018

Melbourne start-up looking to disrupt car ownership with Netflix-style subscription service

A MELBOURNE-based start-up is looking to capitalise on a change in consumer behaviour by offering Australians what it calls the “Netflix of cars”.

Yee Yi (亿忆)

August 2018

墨尔本华裔男花15万创业 去年创收1000万!

三年前，联合创始人Desmond Hang和大学朋友Davie Saw, Richie Chen及Kenneth Teo一起创办了Carbar...

Smart Company

August 2018

Virtual dealership startup Carbar raises $5.75 million to fuel a change in the way we own cars

Vehicle marketplace startup Carbar has raised $5.75 million for its virtual car dealership and subscription model for motors in what founder and...

The Age

August 2018

Got a subscription for your TV, your music, what about your car?

You've got a subscription for your television, your music, what about your car...

Sydney Morning Herald

August 2018

Got a subscription for your TV, your music, what about your car?

You've got a subscription for your tel

Brisbane Times

August 2018

Got a subscription for your TV, your music, what about your car?

You've got a subscription for your television, your music, what about your car...