Singapore-based e-scooter startup Neuron Mobility has launched its distinctive orange e-scooters in Auckland, marking its foray into New Zealand, barely a month after raising its Series A round. Neuron Mobility raised $18.5 million in Series A funding from GSR Ventures, Square Peg Capital and other investors in December 2019. Existing investors SeedPlus and SEEDS Capital… Continue reading Fresh from Series A round, Singapore’s Neuron Mobility forays into NZ
Author: Deal Street Asia Online News
Bounce raises $97m funding led by B Capital, gets valued at $450m
App-based two-wheeler rental startup Bounce, run by Wickedride Adventure Services Pvt. Ltd, has raised ₹692.39 crore ($97 million) in a Series D round led by Facebook co-founder Eduardo Saverin’s venture capital fund B Capital, according to documents sourced from business intelligence platform Paper.vc. Its existing investors, including Sequoia Capital, Accel Partners India and Chiratae Partners,… Continue reading Bounce raises $97m funding led by B Capital, gets valued at $450m
Bosch, Lightspeed China lead $173m funding in 3D-sensor firm Hesai
China’s 3D-sensors (LiDAR) provider Hesai Technology on Tuesday announced that it has secured a total of $173 million in its Series C round of financing jointly led by German’s global leading supplier of technology and services Bosch Group, and existing investor Lightspeed China Partners. ON Semiconductor, Qiming Venture Partners, Detong Capital and Axiom Asia Private… Continue reading Bosch, Lightspeed China lead $173m funding in 3D-sensor firm Hesai
China’s NIO Capital raises over $200m for debut USD fund
NIO Capital, the investment arm of Chinese electric vehicle startup Nio Inc, has closed its debut USD-denominated fund at over $200 million to support early and middle-stage companies in the automobile, energy and logistics fields. The new fund, dubbed “Eve ONE L.P.,” attracted capital injections from sovereign wealth funds, funds of funds (FOFs), multinational… Continue reading China’s NIO Capital raises over $200m for debut USD fund
Car services startup GoMechanic snags funding from Chiratae, Sequoia
Gurugram-based vehicle service and repair startup GoMechanic has raised ₹105 crore in a Series-B funding led by Chiratae Ventures and Sequoia Capital with Orios Venture Partners also participating in the fundraise. GoMechanic’s current investors include Sequoia Capital, Orios Ventures Partners, Snapdeal founders Kunal Bahl and Rohit Bansal, and angel investor Dhianu Das. It had raised… Continue reading Car services startup GoMechanic snags funding from Chiratae, Sequoia
India Dealbook: Koito to buy partner in lighting JV; PeopleStrong acquires Qilo
Japan’s Koito Manufacturing Co Ltd is acquiring 29.9 per cent stake from its partner Lucas-TVS group in India Japan Lighting Pvt Ltd (IJL) for Rs 148.5 crore. In another development, PeopleStrong announced that it has acquired SaaS performance management company Qilo. Koito to buy partner’s stake in lighting JV Japanese automotive lighting equipment maker Koito… Continue reading India Dealbook: Koito to buy partner in lighting JV; PeopleStrong acquires Qilo
Gojek closes in on deal to acquire 5% stake in Indonesian taxi operator Blue Bird
Gojek, the Indonesian all-purpose supper app provider, is nearing an agreement to buy 5% of top local taxi operator PT Blue Bird, according to people familiar with the matter. Gojek would pay about $30 million, the people said, asking not to be named discussing a private matter. That implies a price of more than 20%… Continue reading Gojek closes in on deal to acquire 5% stake in Indonesian taxi operator Blue Bird
Logistics unicorn Rivigo to raise $20m in Series F funding
Logistics unicorn Rivigo is raising a Series F round of ₹141.97 crore ($20 million) from its existing investors SAIF Partners India VI Ltd and Spring Canter Investment Ltd, according to a regulatory filing that has been accessed by business information platform Paper.vc. The fresh fundraising round appears to be at the same valuation as the previous… Continue reading Logistics unicorn Rivigo to raise $20m in Series F funding
China’s electric car startups NIO, Xpeng to share charging stations
Chinese electric-vehicle manufacturers NIO Inc. and Xpeng Motors agreed to share charging stations as well as related services and data, seeking to spur EV demand and curb costs. NIO and Xpeng customers can charge their cars using either companies’ facilities with no extra fees, the companies said Wednesday. NIO will also provide home-charger installation services… Continue reading China’s electric car startups NIO, Xpeng to share charging stations
India: Flipkart, Walmart invest in supply chain startup Ninjacart
To strengthen their direct sourcing of fresh produce, Walmart and Flipkart today announced a joint strategic investment in supply chain start-up Ninjacart. Partnering with Ninjacart will help Walmart and Flipkart strengthen direct sourcing of fresh produce for Walmart India’s Best Price B2B cash-and-carry stores and Flipkart’s online grocery business Supermart. The investment will also support… Continue reading India: Flipkart, Walmart invest in supply chain startup Ninjacart