Asia Digest: Beyond Next Ventures hits first close of deeptech fund; EQT acquires vet firmThe BNV Fund III targets to raise $168m in total.

Japan-based Beyond Next Ventures has raised $67.7 million for the first close of its deeptech fund, while EQT has acquired veterinary and animal health services provider VetPartners. BNV Fund III raises nearly $68m in first close Japan-based venture capital firm Beyond Next Ventures has raised $67.7 million for the first close of its deeptech fund.… Continue reading Asia Digest: Beyond Next Ventures hits first close of deeptech fund; EQT acquires vet firmThe BNV Fund III targets to raise $168m in total.

InsuranceDekho raises $60m Series B at over $600m valuation

Automobile marketplace unicorn CarDekho’s insurance arm InsuranceDekho, on Wednesday, said it has raised $60 million in a mix of debt and equity at a valuation of over $600 million in its Series B funding, nearly eight months after raising $150 million in its previous funding round. Japan’s Mitsubishi UFJ Financial Group (MUFG), BNP Paribas Cardif,… Continue reading InsuranceDekho raises $60m Series B at over $600m valuation

Lynk & Co’s Dazzling Launch with NBK Group in Qatar

DOHA, Qatar, Oct. 8, 2023 /PRNewswire/ — Lynk & Co made its official entry into the Qatari market on October 6th at GIMS through a collaboration with Auto Class Cars, a subsidiary of the NBK Group. Auto Class Cars will be the exclusive distributor, overseeing Lynk & Co’s sales and services in Qatar. Continue Reading… Continue reading Lynk & Co’s Dazzling Launch with NBK Group in Qatar

Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth

RIYADH, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ — Elevatus, a leading provider of cutting-edge recruitment software, is proud to announce its partnership with Juffali Commercial Vehicles (JCV), the sole agent and distributor of Mercedes-Benz trucks and buses, as well as the authorized distributor of Fuso trucks and buses in the Kingdom of Saudi Arabia. This strategic… Continue reading Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth

Japan’s Denso, Mitsubishi Electric to invest USD 1 bln in Coherent’s silicon carbide unit

Denso and Mitsubishi Electric will invest USD 500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent’s unit, as per the agreement. Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest USD 1 billion in the… Continue reading Japan’s Denso, Mitsubishi Electric to invest USD 1 bln in Coherent’s silicon carbide unit

Lynk & Co’s Dazzling Launch with NBK Group in Qatar

DOHA, Qatar, Oct. 8, 2023 /PRNewswire/ — Lynk & Co made its official entry into the Qatari market on October 6th at GIMS through a collaboration with Auto Class Cars, a subsidiary of the NBK Group. Auto Class Cars will be the exclusive distributor, overseeing Lynk & Co’s sales and services in Qatar. Continue Reading… Continue reading Lynk & Co’s Dazzling Launch with NBK Group in Qatar

Japan’s Denso, Mitsubishi Electric to invest $1 billion in Coherent’s silicon carbide unit

(Reuters) – Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest $1 billion in the company’s silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent’s unit,… Continue reading Japan’s Denso, Mitsubishi Electric to invest $1 billion in Coherent’s silicon carbide unit

Japan’s Denso, Mitsubishi Electric to invest $1 bln in Coherent’s silicon carbide unit

Oct 10 (Reuters) – Coherent, a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan’s Denso and Mitsubishi Electric will invest $1 billion in the company’s silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in… Continue reading Japan’s Denso, Mitsubishi Electric to invest $1 bln in Coherent’s silicon carbide unit

Lynk & Co’s Dazzling Launch with NBK Group in Qatar

DOHA, Qatar, Oct. 8, 2023 /PRNewswire/ — Lynk & Co made its official entry into the Qatari market on October 6th at GIMS through a collaboration with Auto Class Cars, a subsidiary of the NBK Group. Auto Class Cars will be the exclusive distributor, overseeing Lynk & Co’s sales and services in Qatar. Continue Reading… Continue reading Lynk & Co’s Dazzling Launch with NBK Group in Qatar

Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth

RIYADH, Saudi Arabia, Oct. 9, 2023 /PRNewswire/ — Elevatus, a leading provider of cutting-edge recruitment software, is proud to announce its partnership with Juffali Commercial Vehicles (JCV), the sole agent and distributor of Mercedes-Benz trucks and buses, as well as the authorized distributor of Fuso trucks and buses in the Kingdom of Saudi Arabia. This strategic… Continue reading Juffali Commercial Vehicles Joins Hands with Elevatus to Hire and Empower Saudi Arabia’s Youth