News

Indonesia’s Xurya receives additional funding from Mitsui to top $33M Series A

PT Xurya Daya Indonesia (Xurya), a solar power rental and installation startup, has received additional series A funding from global trading and investment company Mitsui & Co., Ltd. (Mitsui) and PT Surya Semesta Internusa Tbk (SSIA). Its total funds obtained through series A reached 33 million US dollars following the raise.

Singapore’s AUM Biosciences plans to go public via SPAC merger

Singapore-based biotechnology company AUM Biosciences (AUM) plans to go public on Nasdaq via a special purpose acquisition company (SPAC) merger with Mountain Crest Acquisition Corp.

Malaysia’s K-One to conduct cloud computing business in Vietnam

Malaysian technology solutions provider K-One Technology Berhad (K-One Tech or K-One Group) plans to establish a joint venture in Vietnam to conduct cloud computing business.

The 11th Lee Kuan Yew Global Business Plan Competition seeks student innovators globally to reimagine a deep-tech enabled future

One of the world’s largest global university start-up competitions, the Lee Kuan Yew Global Business Plan Competition has now opened its call for applications.

India’s Zoomcar bags $10M financial investment in connection with the merger with Innovative

India-based car sharing platform Zoomcar announced Wednesday $10 million financial investment in connection with the merger with Innovative International Acquisition Corp, a United States-listed special purpose acquisition company.

Funding Societies Malaysia appoints Chai Kien Poon as Malaysia Country Head

Funding Societies Malaysia has announced the appointment of Chai Kien Poon as Country Head of Malaysia. In his new role, he will be responsible for managing day-to-day operations of Funding Societies in Malaysia, as well asdriving strategic business partnerships and initiatives for the largest and leading small and medium-sized enterprise (SME) digital…

Shift4Good completes its first closing over $98M to invest in sustainable mobility start-ups

Singapore and France-based venture capital fund Shift4Good, announced Tuesday the first closing of over €100 million ($98 million) Shift4Good Fund 1 to invest in sustainable mobility start-ups.

Vietnam’s VinFast scoops Autobest The Rising Star award

VinFast, the first Vietnamese electric vehicle (EV) manufacturer, has received the Autobest The Rising Star award in a ceremony at the 2022 Paris Motor Show. The award is to recognise the rapid emergence of VinFast: from a newcomer to leading the pack of ambitious new automotive brands in Europe.

BEYOND EXPO 2022 makes history as the largest tech conference in the metaverse

BEYOND Expo continues to strive for excellence as the international exhibition platform that provides an immersive experience to participants. We look forward to seeing you again at the BEYOND Expo 2023 in Macao.

India’s Drivetrain raises $15M from Elevation Capital, Jungle Ventures, and Venture Highway

Drivetrain AI, Inc., an India-based financial planning, monitoring and decision-making platform, announced Wednesday that it has raised $15 million in funding from Elevation Capital, Jungle Ventures, and Venture Highway.