News
Malaysia’s EPMB invests $21M for new EV car manufacturing facility in Melaka
Malaysia-listed EP Manufacturing Berhad (EPMB) has announced that it will invest MYR 100 million ($20.98 million) to build an automotive manufacturing facility in Melaka, Malaysia. This strategic move is part of EPMB commitment to establishing a manufacturing hub for energy-efficient vehicles (EEVs) and electric vehicles (EVs) in Malaysia, contributing…
Vietnam’s VinFast enters into $1B share sale agreement with Yorkville Advisors
VinFast Auto Ltd. (VinFast) on Friday announced that it has entered into a standby equity subscription agreement with YA II PN, Ltd.(Yorkville). The subscription agreement highlights that VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1 billion of ordinary shares in VinFast at any time during the term of the…
Singapore’s Cosmos Innovation raises $19.7M in Series A round led by Xora Innovation, Temasek
Cosmos Innovation, an artificial intelligence (AI)-first company building next-generation perovskite silicon tandem (PST) solar cell technology, has on Thursday announced raising $19.7 million in total funding. The Series A round was led by Xora Innovation, an early-stage, deep-tech investment platform of Temasek, a global investment company headquartered…
Tuya Smart teams up with T3 Technology & SCG to elevate Thailand’s smart living ecosystem as part of driving digital economy and creative economy
The Tuya Innovation Roundatable (Asia Pacific) on Wednesday also came after Tuya Smart, which has primary listings in both New York and Hong Kong, announced a partnership agreement with SCG in August. Media representatives were also given the opportunities to experience "mind" smart home solution and some other IoT products and services developed by SCG.
Malaysia’s Plus partners Gentari to roll out modular, portable EV fast charging station with BESS at Behrang Lay-by
Malaysian expressway service provider PLUS Malaysia Berhad (PLUS) has partnered clean energy solutions provider Gentari Sdn Bhd to launch the electric vehicles (EV) fast charging modular and portable station with battery energy storage system (BESS), at the Behrang Lay-by (Northbound).
Patrick Grove-backed Proptech firm Sidespace seeks $1.6M funding
Patrick Grove-backed Proptech firm Sidespace is seeking AUD $2.5 million ($1.6 million) to disrupt commercial real estate. The firm is seeking the capital infusion from new and existing investors to fund its path towards AUD 12 million ($7.56 million) in annual revenue by 2026.
Insurtech Igloo scores mobile partnerships with OPPO and realme to offer after-sales care in Southeast Asia
Singapore-based insurtech firm Igloo has forged its first mobile partnerships with China-based consumer electronics manufacturers OPPO and realme to offer after-sales care in Southeast Asia. The partnership has launched in Singapore with OPPO and in the Philippines with realme, with plans to roll out into other markets, including Indonesia, Vietnam,…
Malaysia’s TNB and Siemens Energy join forces in green hydrogen advancements
Malaysian utility firm Tenaga Nasional Berhad (TNB) is partnering with global energy firm Siemens Energy to accelerate the decarbonization of its thermal power plants, utilizing green hydrogen produced from renewable energy (RE) resources.
PayPal invests in Sweef Capital’s SWEEF and Quona Opportunity Fund
United States-listed payment firm PayPal Holdings, Inc. has on Thursday announced that it has invested in Sweef Capital's Southeast Asia Women's Economic Empowerment Fund (SWEEF) and Quona Opportunity Fund to support their shared mission to advance women's inclusion in the global economic and financial system.
GoTo Financial and Bank Jago launch GoPay Tabungan by Jago, a bank account and e-money service combined
GoTo Financial, GoTo's financial technology business unit, and Bank Jago, an Indonesia-listed technology-based bank, have on Thursday launched GoPay Tabungan by Jago, a bank account for daily transactions that can be accessed directly via the GoPay and Gojek applications.
