Grab’s US$40 billion valuation puts it in the big leagues of mobility and delivery companies in Southeast Asia and around the world. Go to Source
Author: Tech In Asia Online News
Grab bosses to have combined fortune of $1.2b after SPAC deal
The report comes as shares of the SPAC trade almost US$3 above its deal price. Go to Source
Grab’s $40b listing via SPAC merger
Get the lowdown on the world’s biggest blank-check merger to date. Go to Source
Blockchain ride-hailing startup lands $15m to launch EV tuk-tuk
The Onion T1 – MVL’s first EV – will be added to the fleet of Tada, the company’s blockchain-powered ride-hailing service, in Cambodia. Go to Source
Grab announces $275m fund to support its partners, regional communities
The GrabForGood initiative will support programs aimed at delivering long-term social and environmental impact. Go to Source
Ola Electric names ex-Hyundai exec as head of global sales, distribution
Yongsung Kim will be responsible for the domestic and global strategy for sales and go-to-market strategy of Ola Electric. Go to Source
Indian car maintenance startup banks $3.5m in VenturEast-led round
Pitstop will use the new funds to expand across 20 more cities in India by the end of 2021. Go to Source
Ex-Sunseap Group exec’s startup to raise $100m for its battery-swap business
The funds will be used to roll out Oyika’s battery-swap service for e-motorbikes in Indonesia, and for the company’s expansion in Vietnam later this year. Go to Source
Report: Xiaomi to invest $10b in its electric car business
Xiaomi will operate its electric cars business through a 100%-owned unit, which will be headed by co-founder and CEO Lei Jun. Go to Source
Report: AirAsia looking to enter ride-hailing business
This is the second business that AirAsia has launched as part of its plan to compete with super apps Grab and Gojek. Go to Source