The India-based investor aims to pour US$1 million to US$5 million in seed and series A rounds. Go to Source
Author: Tech In Asia Online News
Does combining Grab with asset-heavy Trans-cab make sense?
The move comes as archrival Gojek partners with the largest taxi company in Singapore. Go to Source
Grab to acquire SG taxi operator Trans-Cab for $100m: report
The acquisition will give Grab control of over 2,200 taxis and more than 300 private-hire vehicles, the Straits Times reported. Go to Source
Vietnam-based Earth VC backs US battery firm
Group14’s main product is SCC55, a material that can be used for lithium-silicon batteries that it says can store 5x more energy than graphite. Go to Source
Grab deposits $101m in capital to GXS Bank
As of May, GXS Bank is nearing the S$50 million limit in deposits that Singapore has set for the initial operations of digital banks. Go to Source
Carousell, Carzuno to offer car subscription service in Singapore
Carro also has a subscription-based car service in the city-state that it’s been offering since 2019. Go to Source
In 50 Words: Ola Electric may go public early on rapid growth, CEO reveals
The company, leading India’s electric scooter market with a 38% share, has sold over 239,000 units since December 2021. Go to Source
In 50 Words: BYD pairs with Indian firm for $1b electric car production bid
The project, if approved, would give China’s BYD a presence in all major vehicle markets except the US. Go to Source
In 50 Words: Malaysian PM warm on Tesla, SpaceX’s local expansion
Elon Musk had a call with Malaysia’s Anwar Ibrahim to discuss Tesla potentially importing EVs and establishing an office and charging stations. Go to Source
In 50 Words: India-based BluSmart rapidly expands fleet to up Uber, Ola competition
Though its current fleet of 4,500 vehicles in Delhi and Bengaluru is smaller, it is expanding faster than Uber and Ola’s EV operations. Go to Source