Preheat oven to 350°F and line a 9×13-inch pan with parchment paper.
In a stand mixer, beat together the oil and sugars until combined.
Then add the eggs one at a time, beating in between.
Finally add the water and vanilla and beat until smooth.
Add in the dry ingredients and mix until just combined.
Fold in the shredded carrots, coconut, and raisins.
Bake 28–30 minutes, or until a toothpick comes out clean. Cool completely.