In today’s briefing:
- India-Based Firm Hauls in $30m to Simplify Logistics
- Coldspace Raises US$3.8M in Seed Round Led by Intudo Ventures
- India’s BluSmart Banks $42m to Deploy 10,000 EVs by 2024
- Advance Intelligence Group Raises US$80M to Further Develop AI Innovations
India-Based Firm Hauls in $30m to Simplify Logistics
Reliance on ecommerce has intensified within the past few years, but the pandemic, geopolitical tensions and government restrictions have disrupted the global supply chain.
Over the course of a decade, companies are expected to see losses equal to nearly half of what they make in a year.
US- and India-based Pando is looking to solve this issue and has raised funding to help it do so.
Coldspace Raises US$3.8M in Seed Round Led by Intudo Ventures
- Coldspace, an Indonesian integrated cold chain solutions provider, today announced the completion of a US$3.8 million seed funding round
- With this funding, Coldspace plans to expand its service capacity, including greater capacity for cold storage, reefer trucks, fulfilment, and geographic expansions
- The company offers businesses and consumers cold storage facilities and reefer trucks through its own inventory as well as a third-party aggregated marketplace of cold chain partners empowered through the company’s tech stack.
India’s BluSmart Banks $42m to Deploy 10,000 EVs by 2024
The use of electric vehicles (EVs) is on the rise in various parts of the world, including India.
In recent years, companies have been racing to accelerate the adoption of the electrified tech in the country.
BluSmart Mobility, for instance, provides a ride-hailing service with 3,500 EVs operating in Delhi and Bengaluru. The company is also developing an EV charging hub infrastructure.
Advance Intelligence Group Raises US$80M to Further Develop AI Innovations
- Singapore-based AI company Advance Intelligence Group today announced it has raised US$80 million from an investor consortium
- The fundraising follows its previous Series D funding round of over US$400 million in 2021.
- In total, the company has raised over US$700 million and has secured capital in excess of US$1 billion supporting its credit book.
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