Transportation
Carro expands to Japan through partnership with Softbank
Singapore-based used car marketplace Carro on Tuesday announced its expansion into Japan through a joint venture with SoftBank Corporation (SoftBank). As part of its entry, CARRO JAPAN Co., Ltd. (CARRO JAPAN) aims to introduce its full suite of services, such as subscription-based services and car leasing.
Malaysia’s Capital A ‘progressing’ with AirAsia Aviation, airasia Super App New York listing plan – report
The listing in the US market would be attractive given the liquidity and the diverse investor reach that it can provide, Capital A previously said.
Singapore’s Carro achieves profitability in FY22 as revenue more than doubles
Singapore-based online used car retailer Carro achieved profitability in its last financial year (FY2022) as its revenue more than doubled to S$650 million ($463.49 million).
TechNode Global shares research insights on Indonesia EV landscape
Topics in the report include the latest development in the Indonesian EV market, findings on the electric 2-wheeler market and the electric 4-wheeler market, consumers’ preferences, market entry and growth strategies, among others.
Grab’s 2Q revenue rises 79 percent on higher mobility and deliveries contribution
Southeast Asia’s super app Grab announced Thursday that its revenue surged 79 percent year on year to a record high of $321 million, driven by strong growth in mobility and deliveries revenue, including contributions from its recently-acquired Malaysian retail chain Jaya Grocer.
Grab Philippines acquires motorcycle taxi firm MOVE IT
Grab Philippines has announced that it has acquired motorcycle taxi firm MOVE IT’s business operations. Backed by Grab and MOVE IT’s shared commitment towards safe and reliable mobility services for everyday Filipino commuters, Grab Philippines will help MOVE IT further scale its existing motorcycle taxi fleet and improve the efficiency of its platform.
Muvmi aims to solve last-mile connection in Southeast Asian cities with greener ride-sharing services, starting with Bangkok
MuvMi is eyeing a 10 times growth as the company looks to expand into other major cities in the country.
Malaysia’s Grab, Foodpanda food delivery riders on 24-hour strike, call for better fees & benefits – report
Dubbed "Food Delivery Blackout", riders who attended a press conference said that the number of p-hailing and e-hailing drivers that went on strike on Friday is still unknown, but it is happening nationwide.
Malaysia’s AirAsia, UK’s Skyports seal partnership to explore air taxi in Malaysia
Skyports Infrastructure, the United Kingdom-based advanced air mobility (AAM) infrastructure developer, and AirAsia’s Advanced Air Mobility, a dedicated unit of Malaysia's AirAsia Aviation Group Limited (the aviation arm of Capital A), have signed a letter of tntent (LoI) to explore the development of air taxi infrastructure in Malaysia.
Carsome expands Malaysia-based regional headquarters
Southeast Asia’s largest integrated car e-commerce platform Carsome announced Wednesday the expansion of its regional headquarters in Malaysia, which signifies the company’s efforts in growing a high-skilled workforce to solve customers’ pain points in the car ownership journey.
