LiveWire, the electric motorcycle company spun out of Harley-Davidson, is going public by merging with a special acquisition company, or SPAC. The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 billion, Harley-Davidson says in its announcement. LiveWire is the latest electric vehicle company to go public by… Continue reading Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public
Category: Tech News
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India: Grofers rebrands as Blinkit to reflect focus on quick commerce service
Online grocery delivery platform Grofers has rebranded itself as Blinkit to fend off competition in the fast-growing quick commerce space. Japan’s SoftBank-backed Grofers pivoted to the 10-minute grocery delivery service starting with Delhi, Gurugram, Mumbai, Bengaluru and Jaipur in August this year. The move to rebrand comes at a time when its close competitor, Swiggy,… Continue reading India: Grofers rebrands as Blinkit to reflect focus on quick commerce service
Bumper Raises $12M in Series A Funding
Bumper, a London, and Sheffield, UK-based auto fintech startup, raised $12M in Series A funding. The round was led by Autotech Ventures, with participation from Jaguar Land Rover’s fund InMotion Ventures, and a group of prominent angel investors. The company intends to use the funds to roll out its car repair financing platform across Germany,… Continue reading Bumper Raises $12M in Series A Funding
Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year …
SVOLT Energy Technology, an electric vehicle (EV) battery maker and storage solutions provider, has raised 6 billion yuan ($942.8 million) in its third big-ticket fundraising of 2021. The latest round is yet another sign of the heightened interest in China’s rapidly growing EV infrastructure sector. The new investment, an extended Series B round, followed the… Continue reading Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year …
China’s SenseTime postpones $767m Hong Kong IPO after US ban
Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. Reuters first reported earlier on Monday the company’s plan to withdraw the… Continue reading China’s SenseTime postpones $767m Hong Kong IPO after US ban
Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
JP Morgan Global Alternatives has acquired a 50% interest in a Singapore office space while 108 Media has acquired all the assets of the London-based DCD Media Plc worth $6.3 million. JP Morgan Global Alternatives buys 50% in One George Street for $472m JP Morgan Global Alternatives has acquired a 50% interest in One George… Continue reading Asia Digest: JP Morgan Global Alternatives, 108 Media strike deals
Indonesia’s health food startup Lemonilo secures $36m in Series C round
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Indonesia’s health food startup Lemonilo secures $36m in Series C round
Binance withdraws application to run a licensed crypto exchange in Singapore …
Cryptocurrency exchange Binance has withdrawn an application submitted to the Monetary Authority of Singapore to run a licensed cryptocurrency exchange in the country, the company said in a statement on Monday. Binance.sg, the local website that currently runs a pared-down version of the exchange and is managed by Binance Asia Services, will stop operating on… Continue reading Binance withdraws application to run a licensed crypto exchange in Singapore …
Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b
The CrownX, an integrated retail platform of Vietnamese conglomerate Masan Group, has closed a $350 million primary investment from global private equity firm TPG, the Abu Dhabi Investment Authority (ADIA) and Singapore state investor Temasek. The latest investment brings the total funding raised by The CrownX since its inception in H1/2020 to over $1.5 billion.… Continue reading Vietnamese Masan Group’s The CrownX raises $350m more, valued at $8.2b
Singapore telco Circles.Life buys back $5 million worth of employee stocks
Singapore-based telco Circles.Life announced on Monday that it is buying back $5 million worth of shares allotted to its staff as employee stock ownership plans (ESOPs). Employees who have been with the company for over a year were allowed to participate. The company said it holds ESOP liquidity events every 18 months on average, which allows… Continue reading Singapore telco Circles.Life buys back $5 million worth of employee stocks