Moladin, an Indonesia-based marketplace for used cars and motorbikes, has raised $95 million in its Series B funding round led by DST Global, according to regulatory filings seen by DealStreetAsia – DATA VANTAGE. The filing with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) confirms DealStreetAsia’s report in April that said the startup was finalising a… Continue reading Indonesian used car marketplace Moladin raises $95m in DST-led Series B …
Author: Deal Street Asia Online News
Carsome acquires auto websites WapCar, AutoFun WapCar …
Malaysia-based used car marketplace Carsome has acquired Malaysian digital automotive content producer WapCar and its sister website Autofun for an undisclosed sum. WapCar and AutoFun will become a subsidiary named WapCar AutoFun under Carsome after the acquisition is complete. The vehicle content platform was set up in 2019 and runs several websites and social media… Continue reading Carsome acquires auto websites WapCar, AutoFun WapCar …
Chinese EV makers’ deliveries fall as lockdowns hit dealers, plants
Multiple Chinese electric-vehicle (EV) makers posted shrinking monthly deliveries in April as the country’s severe Covid outbreaks disrupted sales channels, supply chains and road transport. In April, Nasdaq-listed Li Auto Inc. delivered 4,167 vehicles, representing a 62% month-on-month plunge and a 14-month low, according to a Sunday statement. Go to Source
Toyota unit signs deal with Thailand on EV incentives
The Thai unit of Toyota Motor Corp on Friday signed an agreement with Thailand on incentives to promote the use of electric vehicles in Southeast Asia’s major auto production base. The EV incentives include tax breaks and subsidies to help reduce the price of EVs to make them more affordable, the finance ministry said in… Continue reading Toyota unit signs deal with Thailand on EV incentives
Vietnam’s VinFast must steer clear of many road blocks for a successful US listing …
Vietnamese electric vehicle (EV) company VinFast, whose Singapore-based holding company has filed for a US public listing, faces a rocky road before it can appeal to retail investors. While the filing to US regulators did not specify the size and price range of the IPO, VinFast is reportedly looking to raise $2 billion at a… Continue reading Vietnam’s VinFast must steer clear of many road blocks for a successful US listing …
Indonesian used-cars marketplace Moladin raising $95m led by DST Global
Moladin, an Indonesia-based marketplace for used cars and motorbikes, is finalising a $95 million Series B round from both new and existing investors, sources privy to the development told DealStreetAsia. While Russian billionaire Yuri Milner’s DST Global is understood to have come in as a new investor to lead the round, existing backers such as… Continue reading Indonesian used-cars marketplace Moladin raising $95m led by DST Global
Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Chinese electric vehicle manufacturer Iconiq Holding Limited (NWTN) has agreed to merge with Nasdaq-listed special purpose acquisition company (SPAC) East Stone Acquisition Corporation, valuing the combined company at $2.5 billion. In a statement, the two companies said the proposed merger has already been approved by both boards and will now be up for approval by… Continue reading Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Indian bike taxi startup Rapido raises $180m funding led by Swiggy …
Bengaluru-based bike taxi startup Rapido has raised $180 million in its Series D funding round led by food delivery giant Swiggy, per an announcement on Friday. The round also saw investment from two-wheeler maker TVS Motor Company, along with existing investors, Westbridge, Shell Ventures, and Nexus Ventures, the company said in a statement. The funds… Continue reading Indian bike taxi startup Rapido raises $180m funding led by Swiggy …
EV maker Nio suspends production as China’s COVID-19 curbs disrupt supply chain …
Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country’s measures to contain the recent surge of COVID-19 cases disrupted operations at its suppliers. “Since March, due to reasons to do with the epidemic, the company’s supplier partners in several places including Jilin, Shanghai and Jiangsu suspended production one after the… Continue reading EV maker Nio suspends production as China’s COVID-19 curbs disrupt supply chain …
Vietnamese automaker VinFast files for IPO in US
Vietnamese automaker VinFast said on Thursday that a Singapore-based holding company that owns a stake in it had confidentially filed for an initial public offering (IPO) with U.S. securities regulators. VinFast, which is a unit of Vietnam’s biggest conglomerate Vingroup JSC, said it had not determined the size and price range for the IPO. “There are options to look at.… Continue reading Vietnamese automaker VinFast files for IPO in US