Transportation
Japan e-scooter sharing operator Luup raises $8M through debt and asset financing
Luup, Inc, a Japan-based sharing service of electric micromobility including e-scooters and e-bikes, said Wednesday it has raised a total of 1 billion yen ($7.97 million) through debt and asset financing. This is the first time in Japan that an e-scooter sharing service operator has raised funds through asset financing, and this financing brings Luup’s…
Indonesia tech giant GoTo shares close 13% up on market debut
GoTo previously said it is also considering a listing in another market such as the US, according to earlier reports.
VinFast seeks financing from US government for expansion – report
The news came after VinFast announced recently that its Singapore-based holding company had filed for an initial public offering (IPO) with US securities regulators.
Taiwan EV battery swap firm Gogoro debuts on Nasdaq
Gogoro Inc., a Taiwan-based technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, on Tuesday became a publicly listed company trading on the Nasdaq Global Select Market with its ordinary shares and warrants listed under the new ticker symbols "GGR" and "GGROW", respectively. The company completed the…
Grab eyes breakeven for food deliveries in 1st half of 2023 – report
Grab operates across almost 500 cities in eight countries in Southeast Asia. Its operations include ride-hailing, food and grocery delivery services, digital payments, lending, insurance, wealth management among others.
Singapore’s Carzuno launches car subscription services in Thailand
Carzuno, a Singapore-based all-inclusive subscription platform for cars, announced Thursday that it has launched its operations across Thailand. The company has hired Wisate Kirin (ex-Carro, Toyota, Michelin) and Cathrin Samijtwong (ex-Servcorp, HappyFresh) to spearhead the car subscription operations in Thailand and enhance Carzuno's service ofering by…
Vietnam’s Vinfast to build EV factory in North Carolina
VinFast and the government of North Carolina announced Tuesday the signing of the memorandum of understanding (MOU) for the establishment of VinFast’s first North Americanmanufacturing plant. The company intends to invest up to $2 billion in the project’s phase one, creating thousands of jobs. VinFast’s factory will create a major manufacturing center in…
Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile
Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes). Carsome said the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment…
Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report
The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.
Gojek integrates MoMo’s e-wallet on the Gojek app in Vietnam
Two super apps Vietnam's MoMo and Indonesia's Gojek, announced Monday a strategic partnership, which will see MoMo become the first e-wallet to be integrated in the Gojek app in Vietnam. Gojek and MoMo will combine the technological strengths and wide-reaching ecosystems of the two platforms, aiming to accelerate the use of cashless payments and provide a…
