Author: Deal Street Asia Online News

Chinese self-driving truck startup Inceptio raises $100m from GLP, others

China’s Inceptio Technology, a startup developing self-driving trucks, has raised $100 million in its latest funding round from logistics firm GLP, its key strategic investor G7 and other investors, two sources familiar with the matter told Reuters. The proceeds from its series A funding round will be used to further develop its technologies and to start commercial… Continue reading Chinese self-driving truck startup Inceptio raises $100m from GLP, others

India: Logistics startup FarEye raising $24.5m from Microsoft’s M12, others

Tech-enabled logistics management startup FarEye, operated by RoboticWares Pvt. Ltd, is raising about $24.5 million in its Series D funding round led by Microsoft’s corporate venture fund M12. According to the company’s filings with the Registrar of Companies (RoC) sourced by Paper.vc, M12 will subscribe to 40,866 compulsorily convertible preference shares (CCPS) of RoboticWares for… Continue reading India: Logistics startup FarEye raising $24.5m from Microsoft’s M12, others

India’s TVS in talks to buy British motorcycle brand Norton

The 122-year-old Norton Motorcycles ran out of cash in January and failed to pay taxes. Norton’s last owner, Stuart Garner, with business interests in real estate and hospitality, had acquired the legacy brand in 2008. “Norton is in the liquidation stage currently and the administration in the UK plans to sell off the brand, its… Continue reading India’s TVS in talks to buy British motorcycle brand Norton

SE Asian logistics startup Inteluck raises over $5m from MindWorks, Lalamove

Southeast Asian third-party logistics player Inteluck has raised $5 million in a pre-Series B round of financing led by Hong Kong-based venture capital firm MindWorks Capital, according to a company statement on Tuesday. Other investors in the round included on-demand logistics provider Lalamove and return backer Infinity Venture Partners. The deal marks the first strategic… Continue reading SE Asian logistics startup Inteluck raises over $5m from MindWorks, Lalamove

Alibaba to buy at least 10% stake in Chinese courier Yunda

Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd, marking the e-commerce giant’s fifth investment in a large courier, two people with knowledge of the matter told Reuters. Alibaba is looking to buy the stake from Yunda’s controlling shareholders – founding couple Nie Tengyun and Chen Liying – who… Continue reading Alibaba to buy at least 10% stake in Chinese courier Yunda

China’s BAIC, Didi plan car leasing service amid sales slowdown

Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC’s cars to customers amid concerns about ride hailing and vehicle sharing eating into car sales. The companies, which have a joint venture to develop “next-generation connected-car systems”, will partner with electric vehicle (EV) battery… Continue reading China’s BAIC, Didi plan car leasing service amid sales slowdown

Indonesia’s Kargo Technologies bags investment from Coca Cola’s VC arm Amatil X

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Indonesia’s Kargo Technologies bags investment from Coca Cola’s VC arm Amatil X

China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m

Neolix Technologies, a startup that delivers level 4 autonomous driving vehicles, has received nearly 200 million yuan ($29 million) in a Series A+ round, while edge computing-based cloud service provider VDN Cloud has closed almost 100 million yuan ($14 million) in a Series A+ round. CHJ leads $29m Series A+ round in self-driving startup Neolix… Continue reading China Digest: Self-driving firm Neolix raises $29m; VDN Cloud closes $14m