Deal focus: U Power wins backing for EV turnkey proposition
China’s U Power has developed an integrated chassis as a cost-effective foundation on which electric vehicle makers can build their own creations. Government and independent investors are piling in
Hefei doesn’t make the cut in rankings of China’s 20 largest cities, but the capital of Anhui province rose to prominence in the electric vehicle (EV) industry for its USD 7bn bailout of Nio in 2020....
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Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.