Transportation
Pakistan logistics tech startup Truck It In raises $1.5M in pre-Seed funding round
The startup plans to use its fresh capital to continue solving complex supply chain issues and to bring Pakistan’s road freight industry to the digital age. Truck It In is also looking to onboard skilled talents within the MENAP region to continue fulfilling its mission. Its platform is currently being used in Karachi, Lahore, Islamabad, and Faisalabad.
Grab inks SPAC deal with Altimeter Growth as it readies US IPO at $39.6B valuation
It is expected to be the largest-ever US equity offering by a Southeast Asian company as the deal values the leading Southeast Asian super app at approximately $39.6 billion. The company is expected to be traded on NASDAQ under ticker “GRAB” as it goes public.
With $2.6M pre-Series A, Vietnam’s Dat Bike aims to drive the future of Southeast Asia’s e-bike market [Q&A with Founder & CEO Son Nguyen]
We want to transform the 250 million gasoline bikes in Southeast Asia to electric vehicles. We believe that if given a choice, everyone would pick electric over gas.
Aespada Technologies digitalizes ‘archaic’ construction logistics toward sustainable and lean operations
Digital adoption will help in attaining a higher productivity rate with the limited resources available on the market. This will actually speed up the construction processes and ensure that the industry operates lean and more sustainably.
Indonesia last-mile delivery platform SiCepat closes $170M Series B and looks to potentially expand across Southeast Asia
The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.
Singapore e-scooter company Neuron Mobility gears up for South Korea launch to provide tech-driven micromobility options
The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.
On-demand logistics platform Lalamove raises $515M Series E for China expansion
On-demand logistics company Lalamove has raised $515 million in Series E funding, as announced on its website (the company is known as Huolala in China). This round was led by Sequoia Capital China Fund, with participation from Hillhouse Capital and Shunwei Capital--all returning investors.
Singapore-based travel-optimization platform Navisteps secures $1M in pre-Seed round
The travel startup plans to use this fund to expand and add new partner integrations onto its platform and look further into its current expense analytics model
SWITCH 2020 recap: Mobility insights in China – Is China’s EV industry thriving or diving?
Chinese carmakers have long sought to expand overseas amid Beijing’s ambition to build a world-class auto industry, and the baton has now been passed to young Electric Vehicle makers. Are they well-positioned to sustain high growth rates into the future, and can they prove viability in the market?
