LATEST INSIGHT

Category: Manufacturing

November 18, 2020
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Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million seed-round co-led by TLcom Capital and 4DX ventures toward that aim. The raise comes fresh off of Autochek’s September acquisition of digital car sales marketplace Cheki in Nigeria and Ghana. “It’s different in the […]

November 16, 2020
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Krosslinker, a Singapore-based advanced materials maker, has secured US$1.25 million in a seed funding round, led by 500 Startups. Seedscapital, Entrepreneur First and several unnamed angel investors also participated. As per a press release, the funds raised will aid Krosslinker in the development of its patented technology to manufacture aerogels and conduct pilot trials with their customers. […]

November 12, 2020
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Scorpio Electric, a Singapore-based smart e-motorcycle startup, announced a US$6.3 million in fresh funding from undisclosed private investors. The fresh capital will be used for the development and production of its zero-emission, fully-electric motorcycle, intended to launch in 2021. A portion of the proceeds will also be used for software and hardware development of its first […]

October 26, 2020
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Singapore-based advanced materials startup Gush, has raised S$4.65 million (US$3.4 million in current exchange rates) in pre-Series A round of funding per a statement released by the firm. The round of funding was led by led by TNB Aura with existing backer Fidelium Group also participating. Other strategic investors like RSP Architects, SEEDS Capital, TRIREC […]

October 22, 2020
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Tekion, a now four-year-old, San Carlos, California company that already employs 470 people locally and in Bangalore and just attracted $150 million in fresh funding led by the private equity investor Advent International. With the Series C round which also participation from Index Ventures, Airbus Ventures, FM Capital and Exor, the holding company of Fiat-Chrysler and Ferrari = […]

October 21, 2020
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Montreal-based YPC Technologies  announced that it has raised a $1.8 million seed round. Led by Hike Ventures and Real Ventures, the funding includes participation from Toyota AI Ventures and Uphill Capital, among others, designed to help the company pilot its kitchen robotics technology. Toyota AI Venture’s funding came as part of the company’s “Call of Innovation,” […]

October 19, 2020
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Shanghai-based electric vehicle (EV) company Enovate Motors announced on October 14, 2020 that it has raised RMB5 billion ($742 million approximately in current exchange rates) in its latest funding round. The Chinese car maker did not disclose the investors but state that the round was led by China’s local government industry guidance funds and large […]

October 19, 2020
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Attention Holdings’ owned e-sports platform EVOS Esports has raised US$12 million in a Series B investment round. The round of funding was led by Korea Investment Partners (KIP) with participation from Mirae Asset Ventures, Woowa Brothers, Indogen Capital, and existing investor Insignia Ventures Partners. EVOS raised US$4.4 million in Series A funding from Insignia and several investors  […]

October 19, 2020
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Singapore-based smart electric motorbike startup ION Mobility has raised US$3.3 million in seed funding according to a statement released by an investor. Investors participating in the seed funding round include Monk’s Hill Ventures, TNB Aura and Village Global. Southeast Asian unit of 500 Startups, 500 Durians together with AngelCentral syndicate, kipleX and Seeds Capital also […]

October 15, 2020
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Agility Robotics announced it raised $20 million in funding, in a round led by Silicon Valley venture capital firms DCVC and Playground, as two-legged robots start walking out of the lab and into the workplace. Agility’s biped robot, Digit, is already in testing at Ford Motor Co.. Economic downturns typically bring new investment in automation. […]

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