Transportation

Zoomcar, which dominates the self-drive car rental market in India, has expanded to Southeast Asia. This broader geographic expansion is in line with Zoomcar’s ultimate mission to democratize car access across the world’s largest, most populated, and fastest-growing emerging markets.

Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.

Despite having one of the world's largest automotive markets, the global market share of electric vehicles (EV) on the road in Southeast Asia still remains small. With consumer adoption a critical contributor for the EV market to flourish, the team at Milieu Insight wanted to understand consumer sentiment around EVs, and what would be the tipping point for…

MooVita Pte Ltd has announced that 1Derlife Growth and SEEDS Capital have invested in the Singapore-based autonomous vehicle (AV) tech start-up, in its Series A fundraising round closed at the end of October. It plans to bring its products to Europe while expanding and strengthening its footprint in Asia-Pacific.

Altimeter Growth Corp will hold the EGM on Nov 30 to seek shareholder approval for the merger.

Gojek and PT TBS Energi Utama Tbk (TBS) has announced the formation of a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia. The joint venture, known as Electrum, will act as a platform through which both companies will develop infrastructure for two-wheel EVs throughout the country, both parties said in a statement.

Zoomo has raised $60 million in Series B funding led by Grok Ventures. It will use the funds to expand its operations into new cities and countries, deepen software integration with its customers, and finalize development of the firm’s next-generation vehicles.

Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of its core countries in which Grab operates experienced tighter movement controls.

The funds raised will allow GoTo to invest further in its ecosystem, strengthen its market-leading position in the region, and better serve customers, which includes continued focus on customer growth and engagement, expansion of its payments and financial services offering, and leveraging its integrated transport fleet and logistics network to enhance…

Yugo Private Aviation has successfully raised $300,000 in its pre-Seed round funding to further develop its mobile and online applications. The funding was raised from angel investors based in Texas (United States), Seoul (South Korea), Paris (France), and three Family Offices including Bellone Invest (Estonia), Negocia Capital (Singapore) and LCH…