October 29, 2018 Singapore-based ride-hailing major Grab has raised $200 million funding from Booking.com parent company, Booking Holdings, said the startup in an announcement on Monday. As part of the deal, brands under NASDAQ-listed Booking Holdings will soon be offering on-demand transport services through their apps, powered by Grab, and Grab users will be able… Continue reading Grab snags $200m funding from US travel firm Booking Holdings
Author: Deal Street Asia Online News
Chinese EV startup Faraday gets nod to raise up to $500m post arbitration
October 26, 2018 Chinese electric vehicle firm Faraday Future can seek financing from sources other than Evergrande Health, according to an interim ruling by a Hong Kong arbitration court in a dispute between the startup and its main investor. The ruling, however, caps the amount of financing at $500 million and stipulates that any fresh… Continue reading Chinese EV startup Faraday gets nod to raise up to $500m post arbitration
Faurecia to buy car navigation unit Clarion from Hitachi for $710m
October 25, 2018 French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported on Thursday. The report said Hitachi agreed to sell most of its stake to Faurecia, making the French… Continue reading Faurecia to buy car navigation unit Clarion from Hitachi for $710m
Tata Motors mulls alliance with Ola, Uber with new shared mobility platform
October 17, 2018 Tata Motors Ltd has created a separate division to explore ways to tap its entire range of passenger and commercial vehicles for offering shared mobility solutions, said two people aware of the development. Named Mobility Innovations Hub, the new department is headed by Pankaj Jhunja, formerly with Tata Technologies, said the people… Continue reading Tata Motors mulls alliance with Ola, Uber with new shared mobility platform
Flipkart’s Sachin Bansal looks to invest $100m in Ola – Report
October 11, 2018 Months after his exit from e-commerce major Flipkart, co-founder Sachin Bansal is planning to invest up to $100 million in Indian ride-hailing firm Ola, said a report in The Economic Times quoting sources. It was recently also reported that South African internet conglomerate Naspers LLC was in talks to invest in ANI… Continue reading Flipkart’s Sachin Bansal looks to invest $100m in Ola – Report
Vietnamese logistics startup EcoTruck secures $1.7m pre-Series A funding
September 19, 2018 Ho Chi Minh City-based logistics startup EcoTruck has raised a $1.7 million pre-Series A funding from South Korean and Vietnamese investors, an executive with the company confirmed to DEALSTREETASIA. Backers include Access Ventures, Nextrans and FuturePlay from Korea, and Viet Capital Ventures – a newly established Vietnamese firm associated with IDG Ventures… Continue reading Vietnamese logistics startup EcoTruck secures $1.7m pre-Series A funding
Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
August 14, 2018 Vogo, a scooter and bike sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal, according to a person familiar with the matter. Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding… Continue reading Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
MY Digest: BM Mobility launches service in KL; Axis REIT buys industrial asset
August 8, 2018 SGX-listed BM Mobility Ltd has launched its own brand of electric bike-sharing service Revgo in Malaysia while Bursa-listed Axis REIT has acquired an industrial facility for RM18.5 million ($4.5 million) in Negeri Sembilan, Malaysia. BM Mobility launches bike-sharing service in KL SGX-listed BM Mobility Ltd has launched its own brand of electric… Continue reading MY Digest: BM Mobility launches service in KL; Axis REIT buys industrial asset
French carpooling firm BlaBlaCar acquires Russia’s BeepCar
August 7, 2018 French carpooling platform BlaBlaCar has acquired Russian counterpart BeepCar from internet company Mail.Ru Group, according to an official statement. Financial terms of the acquisition were not disclosed. BlaBlaCar and Mail.Ru also announced a new partnership, which will see the French startup committing to further promote carpooling through Mail.Ru Group platforms, which include… Continue reading French carpooling firm BlaBlaCar acquires Russia’s BeepCar
Car rental startup Zoomcar raises $3.6m debt funding from Trifecta
August 6, 2018 Self-drive car rental start-up Zoomcar India Pvt. Ltd has raised $3.6 million (Rs 25 crore) in debt funding from Trifecta Capital, said a report in Yourstory quoting filings with Registrar of Companies (RoC). The development comes almost six months after the Bengaluru-headquartered startup closed a $40-million Series C funding round led by automobile… Continue reading Car rental startup Zoomcar raises $3.6m debt funding from Trifecta