March 6, 2019 Singapore’s Temasek Holdings has invested an undisclosed amount in California-based airspace management platform AirMap, according to a Medium post by the company’s co-founder. The Singapore state investment firm was joined by Honeywell Ventures, the venture capital arm of Honeywell, in the financing. AirMap provides unmanned aerial system (UAS) Traffic Management (UTM) solutions to… Continue reading Temasek invests in US-based airspace management platform AirMap
Author: Deal Street Asia Online News
Grab raises $1.46b from Vision fund, bumps up Series H total to $4.5b
March 6, 2019 Ride-hailing unicorn Grab has raised $1.46 billion in fresh funding from the SoftBank Vision Fund, bringing the total amassed in its ongoing Series H to $4.5 billion, according to a statement on Wednesday. SoftBank Group Corp is an existing Grab investor. It first bought a stake in Grab for $250 million in… Continue reading Grab raises $1.46b from Vision fund, bumps up Series H total to $4.5b
China’s car trading platform Chehaoduo snags $1.5b from SoftBank Vision Fund
February 28, 2019 Chinese car trading platform Chehaoduo on Thursday announced that it has bagged $1.5 billion in fresh funding from SoftBank Vision Fund. The parent company of Guazi.com & Maodou.com allows customers to buy and sell used and new cars. Its investors include Sequoia Capital, Tencent Holdings, Bluerun Ventures, Matrix Partners and Singapore’s sovereign… Continue reading China’s car trading platform Chehaoduo snags $1.5b from SoftBank Vision Fund
ChemChina considers stake sale in Italian tyre maker Pirelli
February 27, 2019 China National Chemical Corp. is considering reducing its stake in Italian tiremaker Pirelli & C. SpA as part of a strategic review of the Chinese group’s overseas investments, according to people familiar with the matter. ChemChina, as the state-owned firm is known, is considering a number of options for its stake, including… Continue reading ChemChina considers stake sale in Italian tyre maker Pirelli
China’s Horizon Robotics bags $600m Series B financing
February 27, 2019 Chinese artificial intelligence firm Horizon Robotics has secured a $600-million Series B financing jointly led by SK China, SK Hynix and several automotive groups. The funding round values Horizon Robotics at $3 billion, the company said in a statement. The investment was joined by China Oceanwide Group’s Oceanwide Capital, CMBC Capital, CLSA’s CSOBOR Fund, Oceanpine… Continue reading China’s Horizon Robotics bags $600m Series B financing
JD arm, Dongfeng Motor among six firms to invest $354m in China Railway unit
February 15, 2019 China’s national railway operator has sold a 15 percent stake in one of its units for 2.37 billion yuan ($349.9 million) to a group of six firms including JD.com’s logistics arm and Dongfeng Motor, in the latest implementation of the country’s mixed-ownership reforms. Beijing has been trying to bring private-sector investment and… Continue reading JD arm, Dongfeng Motor among six firms to invest $354m in China Railway unit
Japan’s Nissan forms JV to set up Algerian car assembly plant
February 13, 2019 Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said on Wednesday. The plant, near the western city of Oran, is due to start production in the first half of… Continue reading Japan’s Nissan forms JV to set up Algerian car assembly plant
US autonomous truck startup TuSimple raises $95m led by China’s Sina
February 13, 2019 US self-driving truck startup TuSimple said it has raised $95 million in a funding round led by Chinese internet giant Sina Corp, which values the three-year-old firm at $1 billion. The fresh funds, investors of which also include Hong Kong-based investment firm Composite Capital, will be used to expand its commercial fleet… Continue reading US autonomous truck startup TuSimple raises $95m led by China’s Sina
Japanese self-drive cars map developer to acquire US rival Ushr
February 13, 2019 Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger… Continue reading Japanese self-drive cars map developer to acquire US rival Ushr
Indonesian used car startup BeliMobilGue.co.id bags $10m Series A
February 12, 2019 Indonesian car marketplace BeliMobilGue.co.id has closed a $10-million Series A round led by parent company Frontier Car Group, with participation from new and existing investors, including Jardines-owned PT Toyota Tunas Indonesia. The investment comes a year after the company’s previous funding round and will help it further expand into key Indonesian cities,… Continue reading Indonesian used car startup BeliMobilGue.co.id bags $10m Series A