The initial production will produce the equivalent of 6,000 electric vehicle batteries or 60,000 home battery systems. Go to Source
Author: Tech In Asia Online News
Grab places 2nd on Fortune’s 2024 Change the World list
This list, now in its tenth year, acknowledges 52 companies that have demonstrated social or environmental impact. Go to Source
Embattled flash drive inventor returns to Malaysia with new bet
Pua Khein Seng returns home to spur on the local chip industry, but headwinds remain. Go to Source
Philippine car-sharing platform DOON gets $1.5m
The financing includes a mix of debt and equity, with AHG Lab mostly contributing to DOON’s initial funding. Go to Source
OKX Singapore gets payment nod from MAS, taps ex-Grab exec as CEO
The new head will oversee the firm’s strategic initiatives, including developing digital payment token products and services. Go to Source
Grab’s Superbank push sidelines Ovo
Check out our top articles for the week. Go to Source
Grab’s fork in the road: Ovo or Superbank?
In The Top Up this week, we look at Grab’s fintech affiliates in Indonesia, and Flipkart’s new payments app. Go to Source
Ovo’s future at stake as Grab pushes Superbank in Indonesia
Ovo’s transaction volume on the Grab app is at risk of decreasing after the integration of Superbank’s services. Go to Source
Grab’s Q2 loss narrows to $53m, but misses analyst estimates
Revenue for the quarter is US$664 million, up 17% YoY from US$567 million, driven by growth across all segments. Go to Source
Curves ahead for IPO-bound Ola Electric
Ola Electric may be hard-pressed to keep its market leadership as legacy players continue to target the two-wheeler EV market. Go to Source