Israeli startup TriEye on Wednesday announced that it has raised $17 million in a Series A funding round, led by Intel Capital, the global investment arm of US tech giant Intel Corporation. Other investors who participated in the current round of funding include Marius Nacht, co-founder of Check Point Software Technologies, and TriEye’s existing backer… Continue reading Intel Capital leads $17m Series A investment in Israeli startup TriEye
Author: Deal Street Asia Online News
Toyota may invest about $550m in Chinese ride-hailing firm Didi
A Toyota Motor Corp. badge is displayed on the wheel hub of a vehicle inside the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Friday, Feb. 3, 2017. Photographer: Kiyoshi Ota/Bloomberg Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant… Continue reading Toyota may invest about $550m in Chinese ride-hailing firm Didi
Indian hyperlocal delivery startup Dunzo in talks to raise $50m in Lightbox-led round
Venture capital fund Lightbox Ventures is in talks to lead a $50 million funding round in hyperlocal on-demand delivery startup Dunzo amid renewed investor interest, said three people aware of the matter on condition of anonymity. Mint first reported on 6 May that Dunzo is in talks with new investors to raise approximately $50 million.… Continue reading Indian hyperlocal delivery startup Dunzo in talks to raise $50m in Lightbox-led round
Tiger Global, Sachin Bansal join $51m funding round in electric scooter maker Ather
Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the Indian government to push for more electric vehicles on the road. Earlier this month, the government’s leading think tank proposed electrifying most motorbikes and scooters within… Continue reading Tiger Global, Sachin Bansal join $51m funding round in electric scooter maker Ather
Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity
China’s Nio Inc will form a joint venture with Beijing E-Town International Investment and Development Co. Ltd which will invest 10 billion yuan ($1.45 billion) in the new entity, the electric vehicle (EV) maker said in a statement on Tuesday. E-Town Capital will support a new manufacturing facility for Nio’s next-generation platform 2.0 (NP2) vehicles,… Continue reading Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity
Flying taxi startups look to Asian markets for takeoff
The world’s first passenger-drone services may debut in Asia — but the technology behind these flying taxis will be largely European. Volocopter GmbH of Germany said Thursday it will open a landing facility in Singapore later this year for trial flights, while Austria’s FACC AG is working to produce hundreds of passenger drones for Chinese… Continue reading Flying taxi startups look to Asian markets for takeoff
Used car retailing platform Spinny raises $13.2m led by SAIF Partners, Accel
Valuedrive Technologies, which owns and operates used car retailing platform Spinny, has raised $13.2 million in a Series A round of funding, led by venture capital firms SAIF Partners and Accel Partners. The round also saw participation from existing investors such as Blume Ventures and Simile Ventures, while venture debt firm Alteria Capital provided debt,… Continue reading Used car retailing platform Spinny raises $13.2m led by SAIF Partners, Accel
Food delivery startup DoorDash said to be raising $500m fresh funding
Food delivery juggernaut DoorDash Inc. is raising at least $500 million from investors in a funding round that will likely value the company at about $13 billion, people familiar with the matter told Bloomberg. The final size of the funding round is still being determined, and could easily exceed $500 million, said the people, who… Continue reading Food delivery startup DoorDash said to be raising $500m fresh funding
India’s used-car portal Cars24 eyes up to $80m in fresh equity financing
Cars24, an online marketplace for buying and selling used cars, is in the process of raising up to $80 million in a fresh equity round of financing as it eyes pan-India expansion. While existing backers including venture capital firm Sequoia Capital, Cayman Islands-based Kingsway FCI Fund and Toronto-based KCK Global are likely to put in… Continue reading India’s used-car portal Cars24 eyes up to $80m in fresh equity financing
Japan’s Nissan is said to mull buying stake in Chinese electric carmaker
Nissan Motor Co. is looking to invest in a Chinese electric-car startup, according to people familiar with the matter, to provide it with a greater footprint in the world’s biggest market for new-energy vehicles. The Japanese company wants to buy a stake of as much as 25% in a Chinese electric-vehicle maker, and it has… Continue reading Japan’s Nissan is said to mull buying stake in Chinese electric carmaker