Carnomaly “CARR” (Token) Completes EU Roadshow and SGF Summer Forum and Prepares for Euronext Listing – Digitalising Car Ownership in up to US$10m funding round.

Swiss Growth Forum is pleased to announce that it is initiating research coverage of innovative automotive finance and trading company Carnomaly whose CARR token is a publicly traded cryptoasset.  Working with Chris Wickham a senior independent investment analyst who consults into Swiss Growth Forum’s Evergreen Research offering,  Andreea Porcelli CEO reiterates her excitement that US based automobile company has engaged her company to promote the investment case both for Carnomaly and CARR.  “It’s a great opportunity for investors to participate in an innovative and potentially highly profitable journey at an early stage and attractive valuation,” she said.

Carnomaly. is well poised to deliver some of the most dramatic changes that the automotive finance industry has ever experienced.  A combination of blockchain and digital solutions currently under development – including Carnomaly itself, CarrChain and CaffDefi – could significantly disrupt the present business models for car search and finance in both the new and used markets by solving a number of problems currently experienced by consumers.

The Carnomaly investment case focuses on the company’s ability to use digital technology – including blockchain and its own cryptocurrency – to disrupt and democratise the purchase, sale and financing of automobiles globally.  The company argues that a number of practices associated with automobile trading are both inconvenient and inefficient.  Carnomaly’s combination of automobile and technological know-how will radically improve the entire auto trading ecosystem.

Proof of concept focuses on the identification of structural weaknesses within the currently accepted practices associated with changes of car ownership.  Carnomaly offers “end-to-end” solutions which are housed by the key components of the company’s digital ecosystem –, CarrChain and CarrDefi – all of which should simplify motoring for end-users.

Both the US and global automobile markets are sizable.  Moreover, the prospect of “levelling up” between mature and developing economies should lead to more widespread automobile ownership as well as demand for simpler, more efficient solutions when cars are changing hands.  The US typically purchases around 17m new cars annually compared with 15m in Western Europe and 83m globally – i.e. around 10% of the world’s population purchases 40% of its new cars.

Despite being in development stage, there is ample scope for due diligence and stress testing on the Carnomaly model. In particular, Carnomaly itself has done substantial work on identifying the inefficiencies which the company looks to remove and tailoring its applications of blockchain and digital technology.  For example, the logic of digitising Vehicle Identification Numbers (VINS) to create Digital Vehicle Identification Numbers is clear and robust.

Carnomaly is led by auto industry specialists with critical experience at the customer service end of the automotive industry. It is a car company run by car people who have substantial knowledge of the industry’s pitfalls and the benefits of appropriate blockchain and digital solutions.  

Carnomaly seeks to raise up to US$10m from a pre-listing funding round which will be based on a US$90m pre-money valuation.  While still in development stage and pre-revenue, investors should be in a position to use the revenue targets published in this report to evaluate the financial benefits of participating in this funding round.  Moreover, the company’s ERC 20 CARR crypto token is listed on where its market value can be tracked.



DO NOT BASE ANY INVESTMENT DECISION UPON ANY INFORMATION OR OPINIONS FOUND IN THIS PRESS RELEASE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state or overseas securities regulatory authority. We are neither licensed nor qualified to provide investment advice. We have been paid US$1,995 by Omnia Wellness Inc to release this report. This report has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company or industry. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, has been made to us as to the accuracy, completeness or correctness of such information. You alone will need to evaluate the merits and risks associated with an investment with the company mentioned herein. Decisions based on information obtained from this report are your sole responsibility, and before making any decision on the basis of this information, you should consider (with the assistance of a financial and/or securities adviser) whether the investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The opinions contained in this report reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. We have no obligation to update such report. Certain information included herein is forward-looking, including, but not limited to, statements concerning the growth and expansion of the Company and its industry. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership in the Company mentioned herein

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