Bengaluru-based Transition VC, an energy transition-focused venture capital firm, has launched a $48.9 million (Rs 400 crore) debut fund, with a greenshoe option of $24.4 million, it said it a statement on Wednesday. The firm aims to make seed investments in startups that are in the segments of e-mobility, green hydrogen, energy storage, net zero… Continue reading Transition VC launches $49m debut fund to invest in climate tech startupsThe fund is looking to invest in up to 40 early-stage startups over the next …
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India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding
Flipkart-owned digital payments platform PhonePe has received a fresh capital infusion of about $90 million (Rs 742 crore) from its Singapore-based parent, while apartment management solution provider MyGate has raised about $12 million in a new round co-led by Urban Company and Acko. SG parent invests in PhonePe PhonePe has received a fresh capital infusion… Continue reading India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding
Malaysia’s Affin Hwang seeks to add $5.5b assets in 3 years
Malaysian investment manager Affin Hwang Asset Management has rebranded to AHAM Asset Management (AHAM Capital), and is aiming for 100 billion ringgits (nearly $22 billion) in assets under administration (AUA) by 2025, it said in a statement. The move follows the completion of its majority sale to Luxembourg-based alternative investment firm CVC Capital Partners. AHAM… Continue reading Malaysia’s Affin Hwang seeks to add $5.5b assets in 3 years
Affirma Capital seeks to sell stake in Jordan’s Fine Hygienic Holding
Singapore-based buyout firm Affirma Capital is seeking to exit its stake in Jordan-based Fine Hygienic Holding, one of the Middle East’s largest makers of tissue and paper products, two sources told Reuters. Affirma is working with Moelis & Co to arrange the sale of its significant minority stake in the company, said the sources, who… Continue reading Affirma Capital seeks to sell stake in Jordan’s Fine Hygienic Holding
Musk may choose to build EV factory in S Korea
Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making electric vehicles (EVs), according to South Korea’s presidential office. Musk had made the remark in a video call with President Yoon Suk-yeol, adding that the company planned… Continue reading Musk may choose to build EV factory in S Korea
SG’s Wavemaker Partners appoints ex-Facebook and Stripe exec as GPAndy Hwang is also an active angel investor.
Southeast Asian venture capital firm Wavemaker Partners has appointed Andy Hwang as a general partner, according to a statement. Hwang, a longtime angel investor with stints at Facebook and Stripe, will join Wavemaker’s investment committee and work closely with managing partner Paul Santos. He will also sit on the boards of portfolio companies. Hwang is… Continue reading SG’s Wavemaker Partners appoints ex-Facebook and Stripe exec as GPAndy Hwang is also an active angel investor.
ADB approves $20m loan to Binh Duong’s waste management project in Vietnam
The Asian Development Bank (ADB) has approved a loan of $20 million to Binh Duong Water Environment JSC to support its Binh Duong Waste Management and Energy Efficiency project, according to a disclosure. The financing comprises $7 million from Japan, $7 million in ordinary capital resources, and $6 million from Leading Asia’s Private Infrastructure Fund (LEAP),… Continue reading ADB approves $20m loan to Binh Duong’s waste management project in Vietnam
Australian HRtech startup Sapia.ai scores $11m funding from Macquarie, W23
Sapia.ai, a Melbourne-based startup that created an AI-powered recruitment platform, has announced raising A$17 million ($11 million) in a Series A funding round co-anchored by Macquarie Capital and Woolworths Group’s venture capital arm W23. Founded in 2013, Sapia.ai claims that its technology is the first solution of its kind to disrupt biases that affect traditional… Continue reading Australian HRtech startup Sapia.ai scores $11m funding from Macquarie, W23
Clean Technica: Tesla Updates Solar Referral Program: Earn Points to Get Tesla Merch002394
Today, Tesla updated its referral program once again. Instead of the previous cash bonus for buyers and referrers of Tesla solar panels and Solar Roof, now both the Tesla customer who makes the referral and the new customer who signs up for a Tesla solar power system get credits. These credits can then be redeemed… Continue reading Clean Technica: Tesla Updates Solar Referral Program: Earn Points to Get Tesla Merch002394
Clean Technica: Are The Wrong Americans Buying Electric Vehicles?002393
Are the wrong Americans buying electric cars? Well, yes. But also no. Between electric car superusers and EV hoarders, some households that have more than one electric car in the driveway may be driving up the price of EVs for the average Joe, while keeping electric-only miles lower than they could be. In a recent… Continue reading Clean Technica: Are The Wrong Americans Buying Electric Vehicles?002393