Electric Vehicles & Mobility
Concerns related to driving range are shown as the main barrier for EV, says Kantar
Concerns related to driving range were shown as the main barrier for electric vehicle (EV) buying, says a study. EV considerers named driving range (46 percent), battery durability (43 percent), charging speed (42 percent) and availability of charging stations (41 percent) as the top four triggers that will determine their switch, and selection of brand/…
Singapore’s VFlowTech raises $10M Series A funding led by Real Tech
VFlowTech, the Singapore-based provider of vanadium-based redox flow batteries, announced Tuesday it has raised $10 million in a Series A funding round led by Japan-based venture capital (VC) firm Real Tech Holdings.
Temasek participates in US’s EV battery maker ONE $300M funding
Our Next Energy Inc. (ONE), a United States-based energy storage technology company, has on Wednesday announced it has closed a $300 million Series B capital raise at a post-money valuation of $1.2 billion. The round was led by Fifth Wall and Franklin Templeton, and joined by ONE's Series A investors and new growth equity investors Temasek, Riverstone…
ION Mobility closes $18.7M Series A funding, brings TVS Motor Company on board as strategic investor
Singapore-based electric vehicle (EV) maker ION Mobility (ION) has on Thursday announced new investments of $18.7 million in its Series A funding round. Additionally, the company also brings TVS Motor Company on board as its strategic investor, through TVS Motor’s Singapore subsidiary, TVS Motor (Singapore).
Taiwan’s WeMo raises $15M from AppWorks to accelerate Southeast Asia expansion
WeMo Corp, a Taiwan-based urban mobility technologies firm, has on Wednesday announced the completion of a US$15 million Series A+ round of financing led by AppWorks, with participation from Taiwan National Development Fund.
Indonesia close to finalize EV deals with BYD Group & Tesla – report
Indonesia has the world’s largest nickel reserve which is essential for the battery industry.
Malaysia’s Carsome bolsters Indonesian operations via Electrum partnership and Nusantara expansion
Malaysia-based integrated car e-commerce platform Carsome is bolstering its Indonesian operations via partnership with Indonesian electric vehicle (EV) firm Electrum and has committed to investing in expanding its business in the nation’s planned Nusantara capital.
Singapore’s Scorpio Electric clinches $6.75M funding at valuation of $150M
Singapore-based electric motorcycle firm Scorpio Electric Pte. Ltd. has successfully raised $6.75 million to further develop and test its first electric motorcycle, the Scorpio Electric X1.
Malaysia’s Citaglobal inks deal with Indonesia’s state-owned firm for battery energy projects
Malaysia-listed Citaglobal Berhad (formerly known as WZ Satu Bhd) has entered into a memorandum of understanding (MOU) with PT Industri Baterai Indonesia or Indonesia Battery Corporation (IBC) for the proposed development of a battery cells manufacturing plant and Battery Energy Storage System (BESS).
