Asia Mobility Technologies Sdn Bhd (Asia Mobiliti), a mobility-as-a-service (MaaS) and Internet of Things (IoT) solutions provider, announced the closing of a pre-series A investment round of RM5 million ($1 million), valuing the company at close to RM50 million. The round is led by an existing investor DVE Sapta Sdn Bhd with participation from infrastructure […]

Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad, received the Vehicle Type Approvals (VTA) from Jabatan Pengangkutan Jalan Malaysia under the Malaysia Road Transport Act 1987 for two models of its EBIXON Electric Vehicle Bikes (EBIXON EV Bikes) in the personal and commercial categories namely, the TAILG […]

End-to-end drone solutions provider Poladrone announced that it has secured $4.29 million in a Seed round led by one of Southeast Asia’s leading venture capital firms – Wavemaker Partners. Cheong Jin Xi (JX), Poladrone’s Founder and CEO, said this will allow them to scale up operations to better serve customers across the region, and to […]

Ninja Van, a Singapore-based logistics startup is the latest entrant in the unicorn club after it raised $578 million from Chinese ecommerce giant, Alibaba Group. Existing investors B Capital Group (a venture capital firm by Facebook), DPDgroup/GeoGroup (a European parcel delivery company), along with Zamrud (Brunei’s Sovereign Wealth Fund), and Monk’s Hill Ventures also participated […]

iStore iSend, a Malaysian homegrown e-fulfillment service company, has secured a seven-figure investment from Kuroneko Innovation Fund, a Japanese corporate venture capital firm owned by Yamato Holdings. In a statement, the company said the fresh investment will be used to acquire talent and improve iStore iSend’s proprietary system to help in its plan for cross-border […]

Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, announced that it has agreed to acquire a 19.9-per cent stake in Australia-listed iCar Asia Ltd. Carsome will acquire the stake from Catcha Group. Both Carsome and Catcha group have also made a joint proposal to acquire the balance of 80.1 per cent of iCar from […]

SOCAR, a car-sharing platform headquartered in South Korea but operates primarily in Malaysia, has secured US$18m in Series A funding from Korean investors.

Headquartered in Malaysia, TheLorry is an on-demand logistic platform that was founded in September 2014 by Co-Founder & Executive Director, Nadhir Ashafiq and Co-Founder & Managing Director, Goh Chee Hau. TheLorry was launched with the aim of offering systematic, cost-effective and reasonable logistics. It focuses on a logistics platform operation that connects both individuals and […]