News
BYD’s Thai distributor to triple EV dealerships, expand commercial offerings – report
BYD has been outperforming other automakers in Southeast Asia's EV market, bolstered by partnerships with local distributors .
AWS plans to invest $15.25B into its Japanese cloud infrastructure by 2027
Amazon Web Services (AWS) has on Friday announced its plans to invest 2.26 trillion yen ($15.25 billion) into its existing cloud infrastructure in Tokyo and Osaka by 2027 to meet growing customer demand for cloud services in Japan.
BYD Singapore partners Charge+ to offer discounted electric charging rates
Electric vehicle manufacturer BYD Singapore, and electric charging infrastructure provider Charge+, have forged a strategic partnership which is set to bring exclusive benefits to new BYD retail passenger vehicle owners in Singapore by offering discounted rates for electric charging usage.
VinFast’s 4Q EVs delivery rises 35 percent quarter on quarter to 13,513 units
Vietnamese automaker VinFast Auto Ltd. (VinFast) announced Thursday that it has delivered 13,513 units of electric vehicles (EVs) in the fourth quarter of 2023, up 35 percent quarter on quarter.
India’s FinAGG Technologies secures $11M in Series A funding led by Blue Orchard, Tata Capital
FinAGG Technologies, an India-based fintech firm, has successfully raised $11 million in its Series A funding round. This financing was co-led by global impact investment manager BlueOrchard and Tata Capital Limited, with participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners.
Singapore’s The Parentinc acquires mum, baby, and kids’ products premium retailer Motherswork
Singapore-based parent community platform The Parentinc has entered the offline retail market by acquiring Motherswork, a premium retailer of mum, baby, and kids' products in Singapore and China. The acquisition of Motherswork signifies a pivotal moment for The Parentinc as it positions itself firmly on the trajectory towards an initial public offering by…
India’s Alt Mobility raises $6M in funding co-led by Shell Ventures, Eurazeo, EV2 and Twynam
Alt Mobility, an India-based technology-enabled electric vehicle (EV) leasing and lifecycle management platform, has announced that it has raised $6 million in funding. The funding is co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam.
Dubai’s Tumodo raises $35M in pre-seed funding to boost business travel in MENA region
Tumodo, a Dubai-based business travel platform, announced Thursday it has successfully raised $35 million in a pre-seed round co-led by the Middle East and North Africa (MENA)-focused angel investors. This funding will fuel the company's presence in the United Arab Emirates (UAE) market, further product development, and new partnership opportunities in the…
Grab Malaysia defends revamped delivery fee framework amid riders’ protest call
Grab Malaysia said that to strike a balance between all its stakeholders, the company constantly seek to review its policies to provide a fairer, more stable earnings to those who need it the most.
Mantle EcoFund completes $10M in investments with fresh funding for DeFi projects Merchant Moe, INIT Capital, Butter, Renzo, MUFEX and TsunamiX
Mantle EcoFund, promulgated through a Mantle Governance vote, MIP-24, in July 2023 as one of the largest ecosystem funds of its kind with a catalyzed capital pool of $200 million and operated by Mirana Ventures, has on Thursday announced it has completed deploying $10 million in investments from its initial capital call.
