‘Tech for good’ may be a cliche, but it’s still a noble cause

Sign up for the Daily Newsletter, sent exclusively to our premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a premium subscription.

Hello reader,

While it might still be driven by business considerations, it’s good to see that – despite the adverse economic conditions – there’s still healthy funding in industries like smart vehicles, energy solutions, and healthtech, as evidenced by this week’s top deals.

After working in and around this space for a while, we could easily forget that the beauty of startups lies in how they can swiftly solve problems, and that value really shines through when it comes to dealing with social issues.

Here’s hoping for more progress in using tech for good.

Image credit: Timmy Loen

You can find all other important investment deals that happened over 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 market

🇨🇳 Rox Motor Tech is a China-based smart car manufacturer. It raised US$1 billion in strategic funding from Shandong Weiqiao Pioneering Group.

🇮🇳 Serentica Renewables is an end-to-end energy solutions company. It secured a US$360.9 million debt funding round, with REC investing.

🇮🇱 MitrAssist, an Israeli healthtech firm, took home a US$100 million series C round. The investors were 6 Dimensions Capital, Centurium Capital, and Haiheng Capital.

🇸🇬 Singapore fintech firm Funding Societies has received US$27 million in debt funding from AlteriQ, Aument Capital Partners, and Orange Bloom.

M&As

Startups that are raising funds

Killer pitch decks

Exclusive listicles

Thoughtful reads