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
Author: Deal Street Asia Online News
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
Toyota-backed self-driving startup Pony.ai raises $100m Series C+ round
Toyota Motor-backed autonomous driving startup Pony.ai announced on Monday that it has pocketed $100 million in a Series C+ round of financing. The latest fundraising brings the total corpus raised by Pony.ai in its Series C round to $367 million. The US-based startup, founded by Chinese professionals, completed the Series C round fundraising through two… Continue reading Toyota-backed self-driving startup Pony.ai raises $100m Series C+ round
Didi’s group-buying unit mulls raising $4b to boost growth plans
Chinese ride-hailing giant Didi Chuxing’s community business is considering raising $4 billion to boost its growth amid increasing demand for group-buying delivery services, according to people familiar with the matter. Didi, backed by SoftBank Group Corp., is weighing chipping in about $3 billion to Chengxin Youxuan, the people said, asking not to be identified because… Continue reading Didi’s group-buying unit mulls raising $4b to boost growth plans
Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve… Continue reading Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
India: Robotic process automation startup UiPath raises $750m at $35b valuation
New York-based robotic process automation (RPA) software company UiPath, which has active operations in India, has closed a $750-million Series F funding at a post-money valuation of $35 billion, it said in a statement. The round was co-led by existing investors Alkeon Capital and Coatue. Altimeter Capital, Dragoneer, IVP, Sequoia, Tiger Global, and funds advised… Continue reading India: Robotic process automation startup UiPath raises $750m at $35b valuation
Chinese EV startup Aiways said to seek funding ahead of IPO: Report
Aichi Automobile, a Chinese electric vehicle (EV) startup better known as Aiways, is in the market raising a new funding round that could give it a valuation of over $2 billion before its potential initial public offering (IPO) in the US. Chinese ride-hailing giant Didi Chuxing is one of the investors mulling participating in the… Continue reading Chinese EV startup Aiways said to seek funding ahead of IPO: Report
S Korea’s Naver to acquire Canadian entertainment company Wattpad for $600m
Canada-based global multi-platform entertainment company Wattpad has agreed to be acquired by South Korean internet company Naver Corp in a $600 million cash-and-stock deal, it announced on Wednesday. With the acquisition, Wattpad and its global community of over 90 million users will align with Naver’s Webtoon, a leading digital comics publisher with an average of over… Continue reading S Korea’s Naver to acquire Canadian entertainment company Wattpad for $600m