Transportation

The last-mile delivery startup plans to use its fresh capital to invest in working on its current services and infrastructure, and it is also entertaining the possibility of expanding in other markets within the Southeast Asian region.

The company will be launching 2,000 units that meet Korean safety standards to test how the product will be used in Seoul. It plans to scale its operations and deploy more units in the city later in the year.

On-demand logistics company Lalamove has raised $515 million in Series E funding, as announced on its website (the company is known as Huolala in China). This round was led by Sequoia Capital China Fund, with participation from Hillhouse Capital and Shunwei Capital--all returning investors.

The travel startup plans to use this fund to expand and add new partner integrations onto its platform and look further into its current expense analytics model

Chinese carmakers have long sought to expand overseas amid Beijing’s ambition to build a world-class auto industry, and the baton has now been passed to young Electric Vehicle makers. Are they well-positioned to sustain high growth rates into the future, and can they prove viability in the market?

Waresix gets $100 million to digitizing the trucking and warehousing industries.

But it’ll steer clear of competing directly with Grab and Gojek. Here's how.

Inspired by Grab and Gojek, Gozem is expanding from rides to a digital wallet.