Axelspace, one of Japan’s pioneers in microsatellite technology, announced raising $24 million in a Series C funding round from a slew of local venture investors. Sparx Innovation participated in the funding round through The Space Frontier Fund while Sumitomo Mitsui Trust Investment Co joined via its Japan Co-Invest III Limited Partnership. Japan Post Investment Group,… Continue reading Japanese satellite firm Axelspace raises $24m in Series C funding
Author: Deal Street Asia Online News
SK Hynix looks to initiate talks to buy Korean chip contract manufacturer Key Foundry …
SK Hynix Inc, the world’s second-largest memory chip maker, has requestd talks to acquire South Korea-based Key Foundry, a chip contract manufacturer, a South Korean newspaper reported on Monday. SK Hynix has expressed intention to negotiate for the full acquisition of the 8-inch wafer foundry, Korea Economic Daily reported on Monday citing unnamed sources in the tech and investment… Continue reading SK Hynix looks to initiate talks to buy Korean chip contract manufacturer Key Foundry …
China’s state-owned Changan Automobile plans to list EV unit on STAR Market
Chinese state-run automaker Chongqing Changan Automobile plans to list its electric vehicle (EV) unit on Shanghai’s Nasdaq-style STAR Market, three sources briefed on the matter said, to fund a rapid expansion of its business. Changan, based in the southwestern city of Chongqing, holds 48.95% of the unit, which makes entry-level and mass-market electric vehicles. The… Continue reading China’s state-owned Changan Automobile plans to list EV unit on STAR Market
China’s EV ops platform DST nets $100m funding led by IKEA’s Ingka …
DST, a provider of charging and management solutions for new energy vehicles, has raked in $100 million in its Series C round led by Ingka Holding B.V., the parent company of Swedish furniture major IKEA. New investors SMRT Ventures and Runxin Xinguanxiang Industry Fund joined the round along with return backers Matrix Partners China and… Continue reading China’s EV ops platform DST nets $100m funding led by IKEA’s Ingka …
Japanese PE firm NSSK to buy Fujikura’s power transmission component unit …
Japanese middle-market private equity firm Nippon Sangyo Suishin Kiko (NSSK) has agreed to acquire Tokyo-headquartered Fujikura’s power transmission component business. The investment is being made through NSSK’s second fund. The financial terms of the deal remain undisclosed. The transaction is slated for completion on October 1, 2021, NSSK said in a statement. The target unit… Continue reading Japanese PE firm NSSK to buy Fujikura’s power transmission component unit …
Indonesia’s Gojek and Tokopedia announce merger to form GoTo
Gojek and Tokopedia, Indonesia’s two most valuable tech companies, on Monday announced they are merging their businesses in what is the country’s largest-ever business deal. GoTo Group, the combined entity, will offer everything from e-commerce to on-demand services, such as ride-hailing and food delivery, and financial services. The transaction, which follows months of negotiations and… Continue reading Indonesia’s Gojek and Tokopedia announce merger to form GoTo
Autonomous startup WeRide raises new funds, at $3.3b valuation …
WeRide, an autonomous driving startup backed by Nissan, Renault and Mitsubishi, said on Thursday that it has raised hundreds of millions of dollars valuing the company at $3.3 billion. WeRide, which is testing vehicles in California, China’s southern city of Guangzhou and central city of Zhengzhou, did not disclose details on the size of the… Continue reading Autonomous startup WeRide raises new funds, at $3.3b valuation …
Vietnam’s Vinfast bets on global EV boom, battery leasing model as it weighs IPO …
Premium After two successful domestic listings of its subsidiaries, Vietnamese conglomerate Vingroup is possibly looking to score a hat-trick with the proposed public outing of its automobile unit, Vinfast, as one of several fundraising options at reportedly lofty valuations, riding on the enormous appetite for electric vehicle stocks in the global markets. Go to Source
Tencent-backed Chinese EV maker Nio launches first overseas store in Norway …
Chinese electric vehicle (EV) maker Nio Inc said on Thursday that it had launched its first overseas store in Norway and plans to start selling cars in the country as it pushes to expand globally. Nio, which makes electric sport-utility vehicles in China’s eastern city of Hefei, is employing more than 9,000 staff globally, said chief executive… Continue reading Tencent-backed Chinese EV maker Nio launches first overseas store in Norway …
India: Ola Electric ropes in Wayne Burgess as head of vehicle design
The announcement comes just days after the company revealed plans to take its electric scooter to international markets, including countries such as France, Italy and Germany, during the current financial year. With experience in vehicle design spanning across three decades, Burgess has worked with premium car manufacturers, including Rolls Royce, and Bentley in his early… Continue reading India: Ola Electric ropes in Wayne Burgess as head of vehicle design