News
Indonesia‘s MAKA Motors raises $37.6M in seed funding round co-led by AC Ventures, SV Investment, East Ventures
Indonesia-based electric vehicle (EV) startup MAKA Motors announced Thursday the successful completion of its seed funding round, raising $37.6 million. The funding round was co-led by AC Ventures, South Korean investor SV Investment, and East Ventures.
Tesla to invest in Malaysia, boosting the country’s sustainable mobility
Tesla Sdn. Bhd. (Tesla), an American multinational electric automotive manufacturer, has on Thursday announced its strategic expansion into the Malaysian market. The expansion plans including vehicle importation, setting up supercharger network, head office, service center and experience center.
Digital bank GXS offers saving accounts in Singapore with maximum deposit amount of $57,000
Singaporean digital bank GXS Bank (GXS) which is backed by superapp Grab Holdings Ltd and communications technology group Singtel, has announced that it has opened up the GXS Savings Account to all eligible individuals in Singapore as the bank ramps up in its next phase of growth.
US-based Ares Management acquires Singapore-based private equity firm Crescent Point Capital
United States investor Ares Management Corporation (Ares) announced Monday that it has entered into a definitive agreement to acquire 100 percent of Crescent Point Capital (CPC), a Singapore-based private equity firm.
Sprout Solutions expands artificial intelligence capabilities via Aiah AI acquisition
Sprout Solutions, a homegrown business to business (B2B) software as a service (SaaS) company and human resource tech firm in the Philippines, has finalized the acquisition of Aiah AI, an artificial intelligence (AI) company with offices based in the Philippines and Singapore.
Sime Darby, AEI Capital become limited partners in Vynn Capital’s $30M fund
Vynn Capital, a Malaysia-based venture capital firm specializing in early-stage investments, has on Wednesday announced the participation of Malaysian conglomerate Sime Darby Berhad and Hong Kong-based investment firm AEI Capital as limited partners in its second Venture Capital (VC) fund.
Malaysian clean energy firm Solarvest embarks strategic initiatives to expand into Singapore and Brunei
Malaysian clean energy expert Solarvest Holdings Berhad is embarking on strategic initiatives to expand its geographical reach into the Singapore and Brunei markets to capitalize on the growing demand for sustainable energy solutions.
Hong Kong’s Rice Robotics raises $7M Pre-A funding to expand footprint in Japan
Rice Robotics, a Hong Kong-based workforce automation start-up, has successfully secured $7 million in pre Series A funding. A portion of the funding has been allocated to establish a production plant in Hong Kong. The company also aims to bolster its manufacturing and supply chain capabilities and position itself for expansion into the promising Japanese…
Hailstone Labs invests in InsurTech firm OneDegree to facilitate digital asset legalization
Hailstone Labs, a Hong Kong based Web3 venture studio, has announced a strategic investment in OneDegree Group, a InsurTech company with business across Asia. The collaboration aims to establish standards, facilitate blockchain technological advancements and development talents in the Web 3.0 sector.
