Self-driving technology startup Robotic Research said on Thursday it has raised $228 million from investors including SoftBank to scale up its commercial division’s solutions for trucks, buses and logistics vehicles. The fundraising round also included an investment from Luminar Technologies, which makes lidar sensors used in self-driving cars. Robotic Research has been working on a variety… Continue reading Self-driving startup Robotics Research raises $228m from SoftBank, others …
Author: Deal Street Asia Online News
Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
Bengaluru based ride-hailing aggregator Ola has raised about $139 million (Rs 1,049 crore) in its Series J funding round led by Edelweiss, according to several Indian media reports. The round was backed by family offices, corporates, and high net worth individual investors. Concurrently, the company has acquired geospatial services provider GeoSpoc for Rs 26 crore, the… Continue reading Indian ride-hailing major Ola raises $139m at $7.3b valuation: Report
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates. The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.… Continue reading India: Ola Electric raises $53m led by Temasek, valued at $2.7b
China’s Evergrande edges closer to default, misses debt deadline
China Evergrande did not make payments on some U.S. dollar bonds at the end of a month-long grace period, sources familiar with the situation told Reuters on Tuesday, setting the stage for a massive default by the world’s most indebted property developer. Adding to a liquidity crisis in China’s once bubbling property market, smaller peer Kaisa Group Holdings was also unlikely… Continue reading China’s Evergrande edges closer to default, misses debt deadline
China Evergrande braces for another debt deadline
After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with its pessimistic comments condemning its stock to a record low just as direct state involvement raises hope of a managed debt restructuring. Having made three 11th-hour coupon payments in the past two months, Evergrande again faces the end… Continue reading China Evergrande braces for another debt deadline
Softbank-backed SenseTime launches IPO in Hong Kong to raise up to $767m …
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters. The deal launched on Monday for the company to sell 1.5 billion primary shares within a price range of HK$3.85 to HK$3.99 each, the term sheet said.… Continue reading Softbank-backed SenseTime launches IPO in Hong Kong to raise up to $767m …
Vietnamese EV maker VinFast eyes IPO in US in H2 of 2022 …
Vietnamese conglomerate Vingroup is aiming to list its carmaking unit VinFast in the US in the second half of next year, the company said in a statement on Saturday. Vingroup said it was working with investment banks to prepare for VinFast’s US IPO, which is expected to be the first of its kind by a… Continue reading Vietnamese EV maker VinFast eyes IPO in US in H2 of 2022 …
Indian ride-hailing firm Ola plans IPO in H1 2022, readies superapp
Indian ride-hailing company Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal said on Thursday, undeterred by the recent volatility and lackluster listing of some start-ups in the country. Ola, backed by Japan’s SoftBank Group, is also gearing up to create something of a “super app” with plans… Continue reading Indian ride-hailing firm Ola plans IPO in H1 2022, readies superapp
Vietnam’s Vingroup seeks to raise $1b from global investors for car unit
Vietnam’s largest conglomerate Vingroup is in talks with investors, including Qatar’s sovereign fund and BlackRock, to privately raise about $1 billion in equity for its car unit, three sources aware of the matter said. The fundraising exercise comes as VinFast, Vingroup‘s automobile arm, is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough… Continue reading Vietnam’s Vingroup seeks to raise $1b from global investors for car unit
India’s Ola looks to raise over $500m debt from US investors
Bengaluru-based ride hailing and electric vehicle maker Ola is looking to raise over $500 million in debt from US investors in a so-called Term Loan B (TLB) deal, joining technology peers Oyo and Byju’s that have previously tapped this market to raise debt, said two people aware of the development. Investment banks JP Morgan and… Continue reading India’s Ola looks to raise over $500m debt from US investors