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Tuesday 30 November 2021
Malaysia leverages innovation sandbox to become Southeast Asia's drone powerhouse
Starting from 2016, Malaysia has incubated a handful of renowned startups although the country is still in the early stages of drone development thanks to its innovation sandbox policy.
Tuesday 30 November 2021
PChome Online to invest in AccuHit AI Technology
Online shopping service operator and web portal PChome Online will become the lead investor in series B round of funding for AccuHit AI Technology, a Taiwan-based MarTech startup, according to PChome Online CEO Kevin Tsai.
Monday 29 November 2021
Southeast Asia roundup: Honda Thailand to make EVs locally
Honda Thailand is considering building EV manufacturing facilities in Thailand as EV demand grows in the country, while Malaysia's 5G handset shipments are projected by IDC to grow to 60% of total handset shipments.
Thursday 25 November 2021
Enabling circular economy for supply chain visibility: Interview with Dutch startup Circularise
Aimed to facilitate transparency and traceability across global supply chains to enable a shift to a circular economy, Dutch startup Circularise was established in 2016 to provide solutions based on blockchain technology to bridge the information gap.
Thursday 25 November 2021
India startup working with eCommerce giants expects drone delivery in two months
India may soon see commercial delivery services using drones, according to Skye Air, a startup company working with some of the largest eCommerce brands. The Indian government had recently revised rules regarding unmanned aerial vehicles, permitting companies to experiment with drones for delivering products like food, medicines, and even courier parcels.
Thursday 25 November 2021
Malaysia aims to create 5,000 startups and 5 unicorns by 2025
Malaysia's Ministry of Science, Technology, and Innovation (MOSTI) aims to build a conducive startup ecosystem by launching Malaysian Startup Ecosystem Roadmap (SUPER) 2021-2023 and the MYStartup Platform.
Wednesday 24 November 2021
Gojek and TBS Energi Utama forms a JV for EVs in Indonesia
A new joint venture (JV) Electrum was formed between the partnership of two Indonesia-based companies, decacorn Gojek and energy firm TBS Energi Utama, with an ultimate goal of accelerating the electric vehicles (EVs) adoption across the country.
Tuesday 23 November 2021
Cloud kitchen popularity growing fast
Cloud kitchens have seen popularity grow fast in the Asia-Pacific amid the pandemic. Since 2020, the Asia Pacific region has gained the highest market share in the cloud kitchen sector, according to Reportlinker. Agri-food tech firms from China, India, and Singapore have accumulated more than US$7 billion in investment in the first half of 2021.
Monday 22 November 2021
India roundup: Samsung plans to shift production to India
Google plans to provide Hinglish support for Indian users while Samsung plans to expand its manufacturing facilities in India.
Monday 22 November 2021
Fisker cooperates with Magna Steyr, Foxconn Electronics to keep down costs for EVs
US-based start-up electric vehicle (EV) vendor Fisker has cooperated with Austria-based automaker Magna Steyr, a subsidiary of Canada-based automotive components supplier Magna International, for outsourced production of Ocean SUV (sport utility vehicle), its first EV model, and Taiwan-based EMS-provider Foxconn Electronics for jointly developing a new EV model, industry sources cited Japan-based Nikkei as indicating.
Monday 22 November 2021
Thailand startups bet on EV growth in post-Covid era
Thailand's startups venturing into the electric vehicle (EV) business foresee an enormous post-COVID growth in the EV sector, more particularly with an increase of charging facilities and EV-sharing service platforms, to accommodate new urban lifestyles.
Monday 22 November 2021
Hero Electric partners with Charzer to install 10,000 charging stations in India
India's largest electric two-wheelers company Hero Electric announced that the Group had formed a partnership with Bengaluru-based EV charging startup Charzer to install 10,000 charging stations. Although the EV market size in India is relatively small in terms of unit sales or volume, the industry has seen more and more new players getting into it. This makes Hero Electric agitated.
Friday 19 November 2021
Ola Electric's shipments delayed due to chip shortages
India's Ola Electric is seeing delays in deliveries since it launched its first e-scooter S1 and S1 Pro in September this year, according to First Post and Economic Times.
Thursday 18 November 2021
We know users better than ICE brands: India's first electric scooter maker
India's first electric scooter maker, Ather Energy, says it has the edge over the traditional two-wheeler companies like Bajaj, Enfield, and TVS because of their early start and in-depth knowledge of the market.
Thursday 18 November 2021
GoTo Group raises more than US$1.3 billion in pre-IPO funding round
Indonesia-based GoTo Group, the largest technology group in Southeast Asia, announced that it has secured over US$1.3 billion in its pre-IPO funding round. The Group is preparing for its dual listing.