Transportation
AirAsia’s Teleport to raise $50M to $100M in Series A funding – report
Teleport is valued at $300 million in a deal announced in August where the firm acquired Malaysia food delivery platform Delivereat at $9.8 million.
Indonesia’s Gojek and Taiwan’s Gogoro to deploy battery swapping and two-wheel electric vehicle pilot in Jakarta
Gojek and Gogoro have announced a strategic partnership to deploy a battery swapping and two-wheel electric vehicle pilot in Jakarta. The pilot program will consist 250 Gogoro Smartscooters and four GoStation battery swapping stations that will be located at Pertamina gas stations. Both companies plan to scale up the pilot to 5,000 scooters and more battery…
Singapore aerial mobility firm H3 Dynamics closes $26 million Series B funding
H3 Dynamics Holdings Pte Ltd has closed a $26 million Series B funding to accelerate its global mission to decarbonize air mobility.
Singapore’s ION Mobility completes $6.8M Seed round ahead of smart electric motorbike launch
ION Mobility is preparing to unveil its smart electric motorbike later this year. With this latest round of institutional capital, the company takes the next step to set up its manufacturing operations in Singapore and Indonesia in preparation to launch in-market.
Credit Suisse recognizes AirAsia Digital as tech unicorn alongside Carsome, Axiata’s Edotco
AirAsia Digital is valued at around $1 billion based on all-share transaction in July 2021, as reported by the company, Credit Suisse said in the report dated Oct 5.
Rodeo is building brand journeys and revolutionizing transit advertising with analytics [Q&A with Valens Subramaniam]
Rodeo’s ability to successfully marry data analytics with production house capabilities has drawn customers such as Alibaba and AirAsia Ride, and saw Rodeo raise 1.13 million MYR from 85 investors in an equity crowdfunding campaign.
Sea’s Shopee launches food delivery service in Malaysia rivalling GrabFood, Foodpanda
ShopeeFood will be competing with other food delivery players including ride-hailing giant Grab's GrabFood and German-based Delivery Hero's subsidiary Foodpanda.
Softbank, Tencent invest in Indian online used car platform Cars24 Services – report
Cars24 plans to use the fresh capital to deepen its presence in the United Arab Emirates and Australian markets, where it has made recent forays, and build its cars, bikes and financing business in India while investing in technology.
Digital payments are no longer just ‘nice-to-have’ but are now ‘must-have’ in business strategy, says 2C2P’s Aung Kyaw Moe [Q&A]
As the world becomes increasingly digital, there is an opportunity to ride on the growth of digital payments and provide secure and reliable financial services to meet the ever-changing needs of consumers here in the region. We expect to see a further acceleration in the adoption of digital payments in Southeast Asia as digital payments are no longer a…
SOCAR Malaysia raises $55M in Series B funding from EastBridge Partners, Sime Darby
The $55 million investment will be channeled towards continuous technological enhancements and investing in further trust and safety measures that will help improve the overall profitability of the business.
