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Hello reader,
It’s undeniable that we, and all the things we need to live our lives, have to move around, and vehicles – motorbikes, cars, trucks, and more – are an essential part of the process. It’s pretty cool to see how we can leverage tech to help make this process of movement safer, easier, and more accessible to everyone.
It’s no surprise, then, that this week’s top-funded company is a trucking tech company from China. It focuses on developing assisted-driving tech and freight solutions for heavy-duty electric trucks.
Next on the list is an Australian firm offering automotive intelligence services. A different kind of “AI”?
You can find all other important investment deals from the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals that have recently taken place.
— Stefanie
The biggest deals by country
🇨🇳 DeepWay, a trucking tech firm based in China, has raised US$173 million in late-stage funding ahead of its planned IPO. Participating investors were ABC Impact, AEF Greater Bay Area Fund, Lenovo Capital, Puhua Capital, Sunwoda Electric Vehicle Battery, and Vlight Capital.
🇦🇺 Headquartered in Australia, AutoGrab is a vehicle software platform that helps dealerships, as well as finance and insurance companies, improve profitability and decision-making with data-driven insights. It has bagged US$52 million in series B money from EVP, Movac, Octopus Ventures, Premier Capital, and Ten13.
🇮🇳 Juspay is a mobile payments startup from India. It has secured US$50 million in series D funding from WestBridge Capital.
🇯🇵 Space BD is a Japan-based spacetech startup. It has scored US$16.8 million in a series C round from Hulic Startup, Kiyo Capital Management, Mitsubishi HC Capital, Mizuho Capital, NEC Corporation, Spiral Capital/Spiral Innovation Partners, and Valueup Partners.
🇸🇬 HeyMax is a loyalty and travel rewards platform. Based in Singapore, it has raised US$11 million in a series A round from Betatron Venture Group and Peak XV Partners.
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