Octane is the asset-light marketplace for Southeast Asia's supercars: a peer-to-peer platform where the seller keeps the car and Octane earns the fee for the trust, the audience and the showroom that close the deal.
memo
3. Detailed Memo
Octane
Octane is the asset-light marketplace for Southeast Asia's supercars: a peer-to-peer platform where the seller keeps the car and the statutory liability, and Octane earns a fee for the trust, the audience and the showroom that close the deal.
RoundSeries A
AskS$10M at S$70M post
DateFebruary 2026
Cover
Cover
Octane is the asset-light marketplace for Southeast Asia's supercars: a peer-to-peer platform where the seller keeps the car and Octane earns the fee for the trust, the audience and the showroom that close the deal.
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Problem
A S$1M supercar still trades on a classifieds listing and a phone number.
A S$1M supercar still trades on a classifieds listing and a phone number.
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Solution
Octane never takes title. The seller keeps the car and the liability, Octane earns the fee.
Octane never takes title. The seller keeps the car and the liability, Octane earns the fee.
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Product
Six revenue lines behind one buyer relationship. The marketplace is the new one.
Six revenue lines behind one buyer relationship. The marketplace is the new one.
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How it works
List, verify, publish, view, close. From listing to handover on one platform.
List, verify, publish, view, close. From listing to handover on one platform.
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Value proposition
Three rivals, one empty quadrant: high trust plus high prestige specificity.
Three rivals, one empty quadrant: high trust plus high prestige specificity.
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Features
Unified inventory, verified reports, tiered fee, attach stack, founder-led media.
Unified inventory, verified reports, tiered fee, attach stack, founder-led media.
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Why now
Carro validated the category, Cazoo killed asset-heavy, discovery moved to YouTube.
Carro validated the category, Cazoo killed asset-heavy, discovery moved to YouTube.
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Market
A S$11.4B ASEAN market with an empty S$300k to S$3M corridor, growing 5.9% a year.
A S$11.4B ASEAN market with an empty S$300k to S$3M corridor, growing 5.9% a year.
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Business model
A tiered deposit-fee that converts on close, above 80 percent contribution.
A tiered deposit-fee that converts on close, above 80 percent contribution.
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Go to market
185k subscribers, a Leng Kee showroom and a twelve-year trader network.
185k subscribers, a Leng Kee showroom and a twelve-year trader network.
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Team
Dev Rana, twelve years on the floor. Aakash Mehra, ex-PwC. Marcus Tan, operations.
Dev Rana, twelve years on the floor. Aakash Mehra, ex-PwC. Marcus Tan, operations.
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Competitive advantage
A 185k channel and twelve years of trader trust that capital cannot buy in 18 months.
A 185k channel and twelve years of trader trust that capital cannot buy in 18 months.
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Roadmap
Singapore in 2026, Kuala Lumpur in 2027, the ASEAN corridor in 2028.
Singapore in 2026, Kuala Lumpur in 2027, the ASEAN corridor in 2028.
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Appendix
Forecast
Revenue from S$158M in 2025 to S$520M by 2028, already profitable since 2023.
Revenue from S$158M in 2025 to S$520M by 2028, already profitable since 2023.
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The ask
Ask
Raising a S$10M Series A at S$70M post to formalise a market Octane already influences.
Raising a S$10M Series A at S$70M post to formalise a market Octane already influences.
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