This week’s successful startups paint a greener future

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Hello reader,

Yesterday, Tesla CEO Elon Musk finally completed his takeover of Twitter. I find it amusing that he’s getting involved in so many areas outside of engineering, and only time will tell if he’s getting in over his head.

That said, I believe most people will always associate him with Tesla and the electric vehicles that his company manufactures. I’m beginning to see more Tesla cars on the road these days, which could be a good indication of their adoption. I’m also excited to see which new players might enter the market, and Vietnam’s VinFast – one of the companies that raised the most funding this week – could be one of them.

Image credit: Timmy Loen

You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals and M&As that recently took place.

The biggest deals by country

🇻🇳 VinFast: The Vietnamese electric-vehicle brand raised US$135 million in debt from the Asian Development Bank.

🇯🇵 Shizen Energy: The Japan-based firm, which provides carbon energy solutions and services for building renewable energy power plants, has raised US$135 million through a strategic investment from CDPQ.

🇨🇳 Wenge Technology: The Beijing-headquartered company provides big data services and platform-as-a-service solutions. For its series E round, it bagged US$69 million from CCTV Financial Media Fund, Zhongguancun Science City, National Manufacturing Transformation Upgrade Fund, Infotech Ventures, Chinese Academy of Sciences Joint Innovation Fund, and Hengbang Capital.

🇮🇳 DeHaat: The tech platform, which offers agricultural services to Indian farmers, scored US$46 million in series E funds from Sofina, Lightrock India (Aspada), RTP Global (ru-Net), and Prosus Ventures.

🇭🇰 Reap: For its series A round, the B2B fintech firm received an injection of US$40 million from Payment Asia, Hustle Fund, Abacus Ventures, Arcadia Funds, HashKey Capital, Acorn Pacific Ventures, and Fresco Capital.

M&A’S

Startups that are raising funds

Killer pitch decks

Exclusive listicles

Thoughtful reads