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Posts Tagged ‘Singapore’

Reefknot Investments launches $50 million fund to invest in logistics and supply chain startups

Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced today the launch of a $50 million fund for logistics and supply chain startups. The firm is based in Singapore, but will look for companies around the world that are raising their Series A or B rounds. ...

Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the choppy darks of cryptocurrencies. The round was led by financial services and asset management firm ...

Volocopter’s 2X eVTOL records a first with flight at Helsinki International Airport

The Volocopter 2X air taxi vehicle is now the first electric vertical take-off and landing (eVTOL) craft to fly at an international airport, fully integrated into the same airspace as other commercial passenger craft. It performed this key milestone flight at Helsinki International Airport, in a demonstration mission that showed it successfully integrated with both ...

Volocopter reveals its first commercial aircraft, the VoloCity air taxi

It’s a race to the skies in terms of which company actually deploys an on-demand air taxi service based around electric vertical take-off and landing aircraft – for its part, German startup Volocopter is taking another key step with the revelation of its first aircraft designed for actual commercial use, the VoloCity. The VoloCity is ...

Shell’s first electric vehicle fast charger lands in Singapore

Royal Dutch Shell, the energy giant known for its fossil fuel production and hundreds of Shell gas stations, is creeping into the electric vehicle-power business. The company’s first DC fast charger launched Monday at a Shell gas station in Singapore. Greenlots, an EV charging startup acquired by Shell in January, installed the charger. This is ...

TransferWise’s debit card launches in Australia and New Zealand, with Singapore to follow

International money transfer startup TransferWise’s debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands its presence in the Asia-Pacific region. TransferWise’s debit card, which features low, transparent fees and exchange rates, first launched in the United Kingdom and Europe ...

Facebook sues two app developers for click injection ad fraud

Facebook has filed lawsuits against two app developers accused of generating fraudulent revenue using the social media giant’s advertising platform. The company announced the legal action in a blog post Tuesday. “The developers made apps available on the Google Play store to infect their users’ phones with malware,” said Jessica Romero, director of platform enforcement ...

Aspire raises $32.5M to help SMEs secure fast finance in Southeast Asia

Aspire, a Singapore-based startup that helps SMEs secure working capital, has raised $32.5 million in a new financing round to expand its presence in several Southeast Asian markets. The Series A round for the one-and-a-half-year old startup was funded by MassMutual Ventures Southeast Asia. Arc Labs and existing investors Y Combinator — Aspire graduated from ...

Impossible Foods goes to the grocery store

After receiving approval from the Food and Drug Administration, Impossible Foods has cleared the last regulatory hurdle it faced to rolling out in grocery stores. The company is targeting a September release of Impossible products on grocery store shelves, joining its competitor Beyond Meat on grocery store shelves. The news comes as the company said ...

SoftBank pumps $2B into Indonesia through Grab investment, putting it head to head with Gojek

Grab — the on-demand transportation app worth $14 billion that is the Uber of Southeast Asia — today announced how it would be using some of the $7 billion or so that it has raised to date: $2 billion provided by SoftBank is being earmarked Grab’s operations in Indonesia — the biggest economy in Southeast ...