Asia

India’s InSolare Energy raises $8M to enhance renewable energy business

InSolare Energy, an India-based renewables engineering, procurement and construction (EPC) company dedicated to customer-centric and technology-driven solutions, has raised Rs 660 million (approximately $8 million) in a growth funding round.

Hong Kong’s Weave Living secures further investment from Warburg Pincus to accelerate expansion throughout Asia-Pacific

Weave Living, a Hong Kong-based living sector specialist, announced Monday that it has secured further investment from its existing shareholders – Warburg Pincus, a leading global growth investor and the Founder – Sachin Doshi. This new equity injection will further support Weave’s ambitious plans to expand its brand footprint and property portfolio to over…

Vietnam’s VinFast officially breaks ground on integrated EV facility in India

VinFast, a Vietnam-based electric vehicle manufacturer, has officially broke ground on its first integrated electric vehicle (EV) manufacturing facility in the state of Tamil Nadu, India. The electric vehicle facility boasts a total initial investment of $500 million over five years, with a projected capacity of 150,000 vehicles annually.

Peak XV launches Spark 03 with 16 female founders across 14 companies

Spark, Peak XV’s fellowship for female founders, has announced their latest cohort with 14 companies and 16 female founders. This cohort includes four companies building AI solutions in travel, fraud detection, wholesale trade and ecommerce.

Indian shared electric mobility firm Yulu raises $19.25M in equity funding from Magna & Bajaj Auto

Yulu, India’s largest shared electric two-wheelermobility company, has on Friday announced the successful equity infusion of $19.25 million in its business. The funds have been raised via further issuance of shares to Yulu’s existing strategic investors Magna and Bajaj Auto Ltd.

Navigating the digital wave: opportunities & growth explored in EBANX’s Beyond Borders 2024 report

For global companies, rising economies represent an enormous growth opportunity, especially for digital businesses. Digital industries across the world have reached a plateau, with high levels of competition and user penetration.

India’s Varaha raises $8.7M in Series A funding round led by RTP Global

Varaha, an India-based full-stack climate-tech company that specializes in generating carbon credits from nature, has on Thursday announced it has raised $ 8.7 million. The Series A funding round is led by RTP Global with contributions from Omnivore and Orios – both returning investors – and marks the inaugural investment by Norinchukin Bank, one of Japan's…

South Korea’s InnoCSR secures new investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital

South Korea's green energy firm InnoCSR has secured a substantial investment for its technology, Good Bricks System, through a successful Series A funding round. This new investment comes from ADB Ventures, along with support from Singapore-based Garden Impact Fund and Clarion Newlife Capital.

Vietnam’s VinFast to build $500M integrated EV manufacturing site in India

Vietnamese automaker VinFast Auto announced Wednesday that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on Sunday (February 25), with a commitment of $500 million for the first phase.

Bangladesh’s PriyoShop raises $5M in Series A funding led by Century Oak Ventures

PriyoShop, Bangladesh’s business to business (B2B) retail marketplace for micro, small and medium enterprises (MSMEs), has on Tuesday announced the completion of a $5 million Pre-Series A round of financing led by Century Oak Ventures.