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
Author: Deal Street Asia Online News
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
GOJEK, Allianz X back Africa-based ride-hailing firm SafeBoda
May 7, 2019 Indonesia’s ride-hailing firm GOJEK and Allianz X, the digital investment arm of global insurance group Allianz, have co-invested in an unspecified Series B funding round for Uganda-based ride-hailing firm SafeBoda. GOJEK made the investment through its venture capital arm Go-Ventures, per an Allianz X statement. The Indonesian firm has previously backed Bangladeshi… Continue reading GOJEK, Allianz X back Africa-based ride-hailing firm SafeBoda
Triputra Group partners SF Express, Tokopedia to launch new delivery platform
May 7, 2019 Premium China’s SF Express, Indonesia’s Triputra Group and e-commerce unicorn Tokopedia have jointly set up a last-mile delivery platform, Anteraja.id, with an initial investment of $50 million. Go to Source
India: Ratan Tata invests in ride-hailing giant Ola’s electric vehicle arm
May 6, 2019 Ola Electric Mobility, the electric vehicle arm of Indian ride-hailing giant Ola, has raised an undisclosed amount in funding from Ratan Tata, chairman emeritus of Tata Sons, it announced on Monday. The investment is part of the company’s ongoing series A round of financing. In March, the electric mobility arm announced that… Continue reading India: Ratan Tata invests in ride-hailing giant Ola’s electric vehicle arm
Indonesia’s trucking solutions platform Ritase raises Series A capital
May 3, 2019 Indonesian trucking service platform Ritase has raised an undisclosed amount in a Series A funding round to facilitate its business plans. The capital raised will be used for geographical expansion, as the company plans to foray into two new regional markets this year, it announced at a media event. Even as the… Continue reading Indonesia’s trucking solutions platform Ritase raises Series A capital
India’s Ola seeks to raise $355m more in Series J funding
May 2, 2019 Indian ride-hailing company Ola is planning to raise additional $355 million (Rs 2,469.8 crore) as part of its ongoing funding round, according to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc. The Bengaluru-based company is looking to raise a total of $1 billion in the Series J round,… Continue reading India’s Ola seeks to raise $355m more in Series J funding