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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.