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Hello reader,
When I was in Melbourne central business district last week – on holiday – it surprised me how many people used e-scooters to get around.
While I didn’t use one myself, I was pleasantly surprised to see the name of a Singapore-headquartered e-scooter startup plastered on their sides – always nice to see something from home even while I’m 6,000 kilometers away.
Now back at work, I’m seeing e-scooters again. This week, Singapore-headquartered micromobility company Beam raised a a series B funding round worth US$93 million, which it plans to use to speed up the deployment of its fifth generation e-scooter and introduce e-mopeds into its vehicle inventory.
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.
— Nathaniel
The biggest deals by country
🇨🇳 Inceptio: The Chinese autonomous driving tech firm raised US$188 million in series B funding from Broad Vision Fund, Cedarlake Capital, Chow Tai Fook, Eight Roads, Legend Capital, Meituan, NIO Capital, Sequoia Capital, and Wuchan Zhongda Logistics Investment Group.
🇮🇳 Niyo Solutions: The Bangalore-based payroll-and-benefits startup bagged US$100 million in series C money from Accel Partners, Beams Fintech Fund, JS Capital, Lightrock India, and Prime Venture Partners.
🇰🇷 RIDI: The South Korea-based e-book provider got US$96 million in series F funding from Atinum Investment, Government of Singapore Investment Corporation, and KDB Bank.
M&As
Startups that are raising funds
Killer pitch decks
Exclusive listicles
Thoughtful reads
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