Author: Deal Street Asia Online News

Autonomous trucking startup Waabi raises $200m funding led by Uber, Khosla Ventures

Waabi has raised $200 million in a Series B funding round, led by existing investors Uber Technologies and Khosla Ventures, to support the rollout of its fully autonomous trucks next year, it said on Tuesday. The company is also backed by Nvidia and relies on its AI chips to power self-driving applications. It currently operates autonomous trucks with safety drivers on planned… Continue reading Autonomous trucking startup Waabi raises $200m funding led by Uber, Khosla Ventures

Hitachi weighs 40% stake sale in Johnson Aircon JV

Japan’s Hitachi is considering selling its 40% stake in an air-conditioning joint venture with Johnson Controls International Plc, Bloomberg News reported on Tuesday, citing people familiar with the matter. The deal could value the joint venture, Johnson Controls-Hitachi Air Conditioning, at almost 500 billion yen ($3.16 billion), Bloomberg reported citing the sources. A Hitachi spokesperson said no decision has been made at this time, adding Hitachi “considers ways to enhance its corporate value.” Johnson,… Continue reading Hitachi weighs 40% stake sale in Johnson Aircon JV

India Digest: Shivalik Small Finance Bank, Alyve Health bag funding; Bluestone pre-IPO round

Shivalik Small Finance Bank has raised equity funding while health tech platform Alyve Health has raised a Series A round. Meanwhile, jewellery retailer Bluestone is reportedly negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments. Shivalik Small Finance Bank raises $12m Shivalik Small Finance Bank… Continue reading India Digest: Shivalik Small Finance Bank, Alyve Health bag funding; Bluestone pre-IPO round

Ronovo Surgical bags over $41m and 18 other Greater China deals worth $137m

Surgical robot developer Ronovo Surgical has secured 300 million yuan ($41.3 million) in a Series B financing round co-led by state-owned Wuxi Guolian Group.  Ince Capital, a Chinese venture investment firm that targets early- and growth-stage companies across tech, Internet, and consumer-focused industries, also led the round, according to a release on June 14.  The… Continue reading Ronovo Surgical bags over $41m and 18 other Greater China deals worth $137m

Japanese online comics store Infocom to decide on takeover bid from BlackstoneInfocom’s share price has more than doubled since news of the potential …

Japanese digital comic distributor Infocom will announce its board’s decision on a takeover bid from Blackstone once all its disclosure documents are ready, the company said on Tuesday. Infocom was responding to a report in the Nikkei newspaper that Blackstone had reached a final agreement to acquire Infocom, priced at around 6,000 yen per share… Continue reading Japanese online comics store Infocom to decide on takeover bid from BlackstoneInfocom’s share price has more than doubled since news of the potential …

SG fund manager SC Oscar acquires NZ renewable energy developer Ranui Generation

Singapore-based fund manager SC Oscar has announced its acquisition of Ranui Generation Limited, a New Zealand-headquartered renewable energy developer, for an undisclosed amount. The transaction involves a 100% stake in Ranui and four development-stage solar PV power projects in New Zealand. The projects have a total capacity of around 157 MWp, per the announcement. Ranui,… Continue reading SG fund manager SC Oscar acquires NZ renewable energy developer Ranui Generation

Data Vantage: Initia Labs, Paper.id, StealthMole, Charge+ and WYZauto in focus

This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Initia Labs, Paper.id, StealthMole, Charge+ and WYZauto in focus