China’s QingTao Energy Development, a VC-backed developer of solid-state lithium battery technology, has raised CNY 2.7bn (USD 382m) from local auto giant SAIC Motor.
The investment increased SAIC’s stake to 15.3% from 4.2%; SAIC previously invested CNY 283.5m. The carmaker has also set up a joint venture lab with QingTao to speed up the commercialisation of solid-state...
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.