May 22, 2018 The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has agreed five investments in four months totaling $50 million and will present another to its supervisory board next week, the fund’s head said. The alliance said in January it was setting up the fund with plans to invest as much as $1 billion over… Continue reading New Renault-Nissan-Mitsubishi VC fund invests first $50m in car tech startups
Author: Deal Street Asia Online News
Chinese self-driving tech startup Roadstar.ai raises industry record funding of $128m
May 16, 2018 Roadstar.ai, a Shenzhen-based AI-powered self-driving technology startup founded by former Google and Tesla engineers, announced that it has raised $128 million in Series A funding round, the biggest-ever investment made into a Chinese startup in the country’s autonomous driving industry. In a statement posted on its website, Roadstar.ai said the latest funding… Continue reading Chinese self-driving tech startup Roadstar.ai raises industry record funding of $128m
Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
May 16, 2018 Asian investors have backed US-based startups with Baidu joining in advanced sensor developer Vesper’s Series B funding and car-maker Hyundai Motor’s corporate venture arm Hyundai CRADLE investing in Metawave Coporation. Baidu joins Vesper’s $23m Series B Boston-based advanced piezoelectric sensors developer Vesper has raised a $23 million Series B funding, led by… Continue reading Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
China’s FAW to invest $260m in EV startup Byton’s Series B round
May 15, 2018 Chinese state-owned carmaker FAW Group has agreed to invest around $260 million in China-backed electric car start-up Byton as part of an ongoing series-B funding round, two people with knowledge of the matter told Reuters on Tuesday. The deal was signed over the weekend in Nanjing where Byton is building its headquarters and production… Continue reading China’s FAW to invest $260m in EV startup Byton’s Series B round
Singapore: Transport management startup VersaFleet secures $2.1m funding
May 14, 2018 Singapore-based transport management startup VersaFleet is set to expand its presence across Asia and boost its artificial intelligence (AI) capabilities after securing S$2.8 million ($2.1 million) in a pre-Series A round led by Prestellar Ventures. VersaFleet’s system automates logistics operations and allocates drivers’ route plans more efficiently, saving both time and money,… Continue reading Singapore: Transport management startup VersaFleet secures $2.1m funding
3 Chinese technology startups secure funding from Intel Capital
May 9, 2018 Intel Capital, the global investment arm of Silicon Valley-headquartered Intel Corporation, has invested in three Chinese technology startups as part of its 12 new technology investments totaling $72 million. During the Intel Capital Global Summit in California, Intel Capital said it has invested in Chinese tech startups Reconova, Alauda, and Espressif Systems.… Continue reading 3 Chinese technology startups secure funding from Intel Capital
China’s SF Express invests $100m in US freight forwarder Flexport
April 30, 2018 Chinese express delivery firm SF Express has invested $100 million in US-headquartered Flexport, a full-service global freight forwarder and logistics platform named last year by Forbes as one of the 25 next billion-dollar startups. SF Express, China’s leading courier company, now joins existing investors, including First Round Capital, Bloomberg Beta, Founders Fund,… Continue reading China’s SF Express invests $100m in US freight forwarder Flexport
Baidu launches $500m fund to support internet, AI startups
April 29, 2018 Chinese internet group Baidu is setting up a $500-million growth-stage fund that will invest in internet and artificial intelligence (AI) technology startups, according to a report by Chinese news site The Paper. The fund, dubbed Changcheng Investment Partners, will be an independent and market-oriented fund with average cheque amount ranging from $20… Continue reading Baidu launches $500m fund to support internet, AI startups
India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
May 1, 2018 Mahindra and Mahindra has acquired a 10 per cent stake in Canadian firm Resson Aerospace Corp, while oncology chain HealthCare Global Enterprises Ltd has picked up 12 per cent stake in International Stemcell Services Ltd. M&M acquires stake in Canada’s Reason for $5.17m Automotive major Mahindra and Mahindra Ltd has agreed to acquire a 10… Continue reading India Dealbook: M&M invests $5.2m in Canada’s Resson, HCG acquires 12% of International Stemcell
Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars
April 30, 2018 Volkswagen AG, the world’s biggest automaker, is in talks to form a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles for Didi‘s services. As part of the deal between Volkswagen and China’s biggest ride-hailing service, expected to be signed… Continue reading Volkswagen in JV talks with China’s Didi to manage fleet, co-develop cars