GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast. GetGo to roll out 400 vehicles in Singapore GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400… Continue reading Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast
Author: Deal Street Asia Online News
Chinese intelligent auto maker ECARX raises $200m at over $2b valuation
ECARX, an intelligent auto solutions provider backed by Chinese automaker Geely, has raked in over $200 million in a Series A+ round of financing led by state-owned China Venture Capital Fund, the startup announced on Thursday. In a statement, the startup said that it is gearing up for an all-around business expansion into the international… Continue reading Chinese intelligent auto maker ECARX raises $200m at over $2b valuation
Didi’s bike-sharing unit Qingju rakes in $600m in Series B round
Qingju, the bike-sharing unit of Chinese ride-hailing giant Didi Chuxing, has raised $600 million in its Series B round of financing and is set to raise another $400 million in loans, DealStreetAsia has learnt. The development was first reported by 36Kr, the Chinese-language media platform of Nasdaq-listed 36Kr Holdings, that cited sources privy to the… Continue reading Didi’s bike-sharing unit Qingju rakes in $600m in Series B round
India: CarDekho seeks to raise funds to expand its used car retail biz
CarDekho, the online portal for new and used car sales, plans to raise funds to expand its used car retail business in certain metro and non-metro cities, said Amit Jain, co-founder and CEO of the startup. However, CarDekho is yet to decide on an investment bank to conduct the fundraising round. According to Jain, the… Continue reading India: CarDekho seeks to raise funds to expand its used car retail biz
Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Carlyle Group Inc agreed to invest $200 million in South Korea’s Kakao Mobility, valuing the firm at 3.42 trillion won ($3.09 billion), Kakao Mobility said on Thursday. Kakao Mobility is the transportation unit of Kakao Corp, operator of the country’s most popular chat app, spun-off in 2017. Its app, Kakao T, has 28 million registered… Continue reading Carlyle invests $200m in South Korea’s Kakao Mobility at $3.1b valuation
Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding
Sukhbir Singh (Bollywood Singer), Dr. Brahmanand Mohanty (Professor at Asian Institute of Technology), Alparslan Kutukcuoglu (Chairman of the board at Mungo Befestigungstechnik AG), Vijay Sivaram (CEO at Quess Corp Limited), Sameer Bulchandani (MD at Avdel India) and Sumant Singhal (CEO at Chiripal Poly Films), amongst others, participated in this round. The startup had raised $700,000… Continue reading Indian EV logistics platform eBikeGo raises $1.5m pre-series A funding
Indian mobility startup Vogo snags funding from Kalaari, Matrix, others
Two-wheeler shared mobility startup Vogo has raised $11.5 million as an extension of its Series C round from existing investors Lightrock, Kalaari Capital, Matrix Partners and Stellaris Venture Partners. The capital will be used to expand and electrify the fleet, to increase focus on achieving profitability by improving unit economics, asset utilisation and to optimise… Continue reading Indian mobility startup Vogo snags funding from Kalaari, Matrix, others
Chinese AI chip designer Horizon Robotics raises $350m in Series C3 round
Horizon Robotics, a Beijing-headquartered AI chip designer, has gathered an aggregate of $350 million in its Series C3 round of financing, the investee announced on Tuesday. The Series C3 tranche brings the total corpus raised by Horizon in its Series C round to $900 million, nearly $200 higher than its initial target proposed in December… Continue reading Chinese AI chip designer Horizon Robotics raises $350m in Series C3 round
Asia Digest: Autocrypt raises $13m Series A; MBK Partners offer for Tsukui stake
South Korea-based autonomous driving security solutions provider Autocrypt has raised nearly $13 million in a Series A funding round while private equity firm MBK Partners has made an offer to acquire Tsukui Holdings Corporation. Autocrypt raises $13m Series A South Korea-based autonomous driving security solutions provider Autocrypt has raised nearly $13 million in a Series… Continue reading Asia Digest: Autocrypt raises $13m Series A; MBK Partners offer for Tsukui stake
Chinese electric scooter maker Niu in talks to supply Gojek
Niu Technologies is in talks to supply its electric scooters to Southeast Asian ride-hailing company Gojek to increase market share in the region, the electric scooter maker’s CEO told Reuters. Niu makes scooters and motorcycles powered by lithium-ion batteries and 95% of its sales by unit are in China. The company has been sending some scooters to Gojek for… Continue reading Chinese electric scooter maker Niu in talks to supply Gojek