Xpeng Aeroht, a subsidiary of EV maker Xpeng, has raked in $150 million in a Series B1 funding round as the firm looks to kickstart preorders for its modular flying car in Q4 this year and start deliveries to consumers in Q4 2025. Xpeng Aeroht did not disclose investor details, according to a company release… Continue reading Xpeng’s electric flying car unit snaps $150m, eyes pre-orders in Q4Xpeng Aeroht plans to start deliveries in Q4 2025.
Author: Deal Street Asia Online News
India: ShareChat raises $16m debt financing from EDBI, lays off 5% staffDealStreetAsia reported in May that EDBI has evinced interest in investing in …
Mohalla Tech, the parent entity of the vernacular social media platform ShareChat and short-video entertainment app Moj, has raised an additional $16 million in debt financing from Singapore-based EDBI, taking the total amount raised in its ongoing round to $65 million. The announcement comes three months after DealStreetAsia reported that EDBI, the corporate venture capital arm… Continue reading India: ShareChat raises $16m debt financing from EDBI, lays off 5% staffDealStreetAsia reported in May that EDBI has evinced interest in investing in …
SG semiconductor startup Silicon Box raises nearly $100m in fresh fundingUS venture investor Prysm Capital invested $84.6m in the round.
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The LP View: Temasek sees potential in GP-led secondaries“Valuations are reasonable in the GP-led secondary market,” says Alpin Mehta.
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Macquarie buys Korean drug company Genuone Sciences in $550m dealThe investment was made through Macquarie Korea Opportunities Fund 6.
Macquarie Asset Management’s private equity fund is understood to have sealed the deal to acquire a 100% stake in Korean contract development and manufacturing organisation (CDMO) Genuone Sciences from local investor IMM Private Equity, according to sources familiar with the matter. Go to Source
CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021.
Chinese electric vehicle battery maker CATL has injected “several hundreds of millions” of US dollars into electrical aerial vehicle maker AutoFlight. Alongside the strategic investment, the two will jointly dedicate resources for the R&D of batteries used in electric aviation, according to a company release on Sunday. “By combining their respective resources and technical expertise,… Continue reading CATL makes strategic investment in flying car maker AutoFlightAutoFlight had raised $100m in a Series A round in Sept 2021.
Future Capital backs LiblibAI and 25 Greater China Deals worth over $446mThe financing round is the third that LiblibAI, an AI image generator, has co…
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SE Asian investors stay cautiously optimistic even as protests boil over in BangladeshForeign investors accounted for 73% of the capital raised by Ban…
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Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.
Singapore will merge two state-backed investment agencies, EDBI and SEEDS Capital, to form a new entity next year, according to an announcement on Friday. EDBI, the investment arm of Singapore’s Economic Development Board (EDB), and SEEDS Capital, an early-stage investments-focused company, will merge to form SG Growth Capital on April 1, 2025. A joint release… Continue reading Singapore to merge EDBI, SEEDS Capital to form SG Growth CapitalThe merger will take place on April 1, 2025.
India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.
Infibeam Avenues, the parent of payment gateway CCAvenue, on Friday, said it will buy a 54% stake in Rediff.com, one of India’s oldest internet businesses, for Rs 25 crore ($2.9 million). The acquisition marks the beginning of Infibeam Avenues’ consumer-facing digital financial service as an aggregator backed by mainstream news, cloud-based enterprise email storage, and… Continue reading India’s oldest internet firm Rediff to be sold to Infibeam Avenues for $3mWith the deal, Infibeam plans to diversify its portfolio of offerings.