The report comes as shares of the SPAC trade almost US$3 above its deal price. Go to Source
Author: Tech In Asia Online News
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
Grab Financial sells 100 million insurance policies in less than 2 years
The company offers a ride cover that allows consumers to opt in and purchase an insurance for S$0.30 (US$0.22) when they book a ride on the app. Go to Source