News
Vietnam’s VinFast receives $2.5B for development
Vietnamese conglomerate Vingroup Joint Stock Company car maker subsidiary VinFast Joint Stock Company has received $2.5 billion in grants and loans to facilitate its continuing development enabling it to achieve its global growth goals.
Better Bite Ventures backs four emerging alt protein startups
Better Bite Ventures, a fund focused on Asia Pacific alternative protein startups, has on Wednesday announced four new investments under its early-stage First Bite initiative and reopens it for new applications.
Nearly One in Five Cars Sold This Year Will Be Electric — International Energy Agency
Electric car sales are generally low outside the major markets, but 2022 was a growth year in India, Thailand and Indonesia. Collectively, sales of electric cars in these countries more than tripled compared to 2021, reaching 80,000.
Malaysian AI Startup VOX scores $250,000 investment from Silicon Valley
Malaysian-born artificial intelligence (AI) startup VOX said Monday it has harnessed ChatGPT with Sharly.ai and scored a $250,000 investment from Silicon Valley.
Singapore Edtech startup Explico raises $1.4M in Pre-Series A funding
Explico, a Singapore based edtech startup, announced Wednesday that it has successfully secured $1.4 million in pre-series A funding. Key investors include Astonic Ventures Singapore, MAVIS TUTORIAL CENTRE, which is one of the largest local tuition centres and Singapore Asia Publishers, the well-known publishing house and a few angel investors.
United States’ Fuel Venture Capital to conduct roadshow in Asia for latest fund
Fuel Venture Capital, a leading early-stage investor in technology and digital companies, will conduct a roadshow in Asia next week as it looks to raise money for its next fund, which uses an innovative, new funding structure positioned to transform the private markets landscape.
Animoca Brands’ subsidiary TinyTap raises $8.5M to expand Web3 education business
TinyTap, an edtech subsidiary of Hong Kong-based gaming firm Animoca Brands, educational games, has on Tuesday announced that it has raised $8.5 million. The funding comes from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others.
Vertex-backed Finland EV charging platform Virta raises $93M for APAC expansion
Finland-based electric vehicle (EV) charging platforms Virta Ltd, a portfolio company of Singapore based Venture Capital firm Vertex Holdings, has secured new €85 million ($93.33 million) growth funding.
South Korea to invest $748M in fund of funds this year to boost the country’s venture capital sector
The Ministry of Small and Medium-sized enterprises (SMEs) and Startups (MSS) in South Korea said it will invest around KRW 1 trillion ($748.43 million) in a fund of funds this year to boost the venture capital sector in the country.
ZEBOX launches 5th hub in Singapore to drive sustainable innovation in the Asia Pacific
ZEBOX, a global accelerator gathering a network of entrepreneurs, industry leaders and ecosystem experts, has on Tuesday announced the launch of its Asia Pacific hub in Singapore.
