Transportation
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.
Electric scooter maker & battery-swapping platform Gogoro to go public via merger with Poema Global SPAC, resulting in $2.35B enterprise value
Gogoro's battery swapping ecosystem enables smart mobility for two-wheel electric vehicles--an alternative 'refueling' means comparable to gassing up at traditional refueling stations.
Amid range and charging anxiety, the EV ecosystem will benefit from extreme fast charging
To be clear, multiple hurdles remain to be overcome, from building the requisite charging infrastructure to support EVs, improving battery technology to make them safer and hold more power, as well as the responsible disposal of batteries at the end of their lifespan. However, the number one barrier to mass adoption right now is range anxiety.
How Carsome became Malaysia’s largest tech unicorn – with a little help from a friend
Gobi Partners’ continued faith and multiple investments into Carsome paved the way for the e-commerce platform to dominate Southeast Asia’s used car scene, en route to becoming Malaysia’s first and largest unicorn.
Tackling the speed bumps on the road to electrification this World EV Day
With EVs now seen as a catalyst for sustainability, world governments have announced ambitious targets for EV adoption. An increasing number of automobile manufacturers are also entering the industry to offer a wider range of models at more accessible prices. Now, we are set to fast-track the shift to e-mobility and pave the way towards a zero-emission…
Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
Vietnam’s Loship raises $12M in pre-Series C funding led by BAce Capital, Sun Hung Kai & Co
Loship marks a Vietnam foray for both of the lead investors BAce Capital and SHK & Co, as part of their strategies to capture the emerging market opportunities in Southeast Asia.
AirAsia considers listing digital business in US via SPAC to raise $300M
CEO Tony Fernandes said a few technology-focused SPACs have approached the airline group, and AirAsia has engaged auditors for a deal to list the unit.
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
