Preheat Oven: Set to 350°F. Line the bottom of an 8-inch or 9-inch springform pan with parchment paper and grease it.
Mix Dry Ingredients: In a bowl, whisk together flour, baking powder, baking soda, salt, and cinnamon.
Combine Wet Ingredients: In a large bowl, whisk together vegetable oil, granulated sugar, brown sugar, eggs, and vanilla extract until smooth.
Mix Batter: Add dry ingredients to the wet mixture and mix on low speed until just combined. Fold in the grated carrots.