Daily Brief Private Markets: SG Mobility Startup Offers Zero Commission Fees to Challenge Grab and more

Instead of charging drivers commission fees, Singh said his startup will earn revenue through rebates from digital payments, insurance, and automotive firms. 

Revenue will also come from ads, with the firm saying that it has onboarded notable names like Shell and Klook.

VFlowTech will use the funds to set up a 200MWh production line capacity and scale up the manufacturing of its 250 kWh modular vanadium-based long-duration energy storage solutions. 

A portion of the new capital will be used to expand into Turkey, the US, Japan and India.

The company has expanded to offer watch phones, headphones, drones, and even a social media network for kids.

Their mission is to help kids aged between three and 12 to “stay connected socially without the usual ills of social media.”

Singapore-based PixCap, a web-based 3D design platform, has raised US$2.8 million in seed funding led by Sequoia Surge.

Founded in 2020 by Cyril Nie (CTO) and Looi, PixCap allows users with no 3D experience to find, edit and export 3D content, including images for graphic designs and animations for landing pages and social media.

Designers, developers and consumers can use PixCap to create 3D content for graphic designs, games and AR/VR.