Cleantech
India's Inventus backs EV manufacturer
Indian VC firm Inventus Capital has led a INR200 million ($2.6 million) funding round for local electric vehicle (EV) manufacturer Euler Motors.
Deal focus: RWDC's plastics replacement mission
RWDC Industries believes it has a biodegradable substitute for plastic that can be produced at scale. The Singapore and US-based company now has $133 million in VC funding to help make its case
Singapore's RWDC Industries secures $133m Series B
RWDC Industries, a Singapore-based start-up that is developing fully biodegradable alternatives to single-use plastics, has raised $133 million in Series B funding.
Deal focus: Circulate makes early moves in a must-win battle
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
Singapore’s Circulate Capital makes debut investments
Circulate Capital, a Singapore investor dedicated to ocean pollution management, has made its first investments in two plastic recycling start-ups in India and Indonesia.
Chinese environmental protection business raises $16m
Addor Capital has led a RMB110 million ($15.5 million) Series A round for Shandong-based Pengda Environmental Protection Technology.
KKR to acquire India solar assets for $204m
KKR has announced plans to acquire five solar energy assets from Shapoorji Pallonji Infrastructure Capital (SP Infra) for INR15.5 billion ($204 million).
Korea's IMM invests $40m in Chinese water business
IMM Investment, a Korea-based GP that focuses on venture capital, mezzanine and infrastructure deals, has committed $40 million to United Water Corporation, a Chinese water and wastewater treatment provider.
VCs invest Singapore cell-based milk company
A group of US-based investors led by Lever VC has backed an early-stage round of undisclosed size for Singapore’s TurtleTree Labs, which creates milk from cells with no animal needed.
GrabWheels gets $30m for Southeast Asia EV rollout
GrabWheels, a unit of Singapore-based ride-hailing giant Grab, has received $30 million from Taiwanese motorcycle maker Kymco for electric vehicle (EV) development in Southeast Asia.
ADB launches venture arm
The Asian Development Bank (ADB) has launched a VC arm focused on climate change-related technologies and women’s empowerment in the region.
CITIC Capital targets OBOR deals with blank check company
CITIC Capital has launched a special purpose acquisition vehicle (SPAC) – or blank check company – on the New York Stock Exchange to pursue deals under its One Belt One Road (OBOR) strategy.
Temasek, EQT back India renewable energy platform
Singapore’s Temasek Holdings and Sweden’s EQT will commit $500 million to the launch and development of O2 Power, a renewable energy platform in India.
India EV: On a roll
India’s electric vehicle space is nascent but growing rapidly on the back of a concerted policy push. Investors see enormous potential, especially in the world’s largest two-wheeler segment
BP enters China AI sector
BP has realized its first investment in China’s artificial intelligence (AI) sector by backing energy systems developer R&B Technology through a venture capital arm.
New Zealand impact fund backs sustainable packaging player
New Zealand’s Impact Enterprise Fund (IEF) has confirmed an investment in local sustainable packaging supplier Grounded.
Circulate hits first close on Asian ocean protection fund
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
Australia’s V2Food raises $35m Series A
Australian alternative protein producer V2Food has secured a $35 million Series A round led by Hong Kong’s Horizons Ventures and Australia’s Main Sequence Ventures.
Hudson to privatize Hong Kong’s Sky Solar
US cleantech-focused private equity firm Hudson Sustainable Investments is set to acquire a controlling position in Hong Kong-based and NASDAQ-listed power producer Sky Solar Holdings.
Tech, policy changes the main risks in energy – AVCJ Forum
Technology disruption and short-term policy changes are the two key challenges facing investors in the energy sector, industry participants told the AVCJ Forum.
Japanese flying car developer receives $14m
Japanese flying car developer SkyDrive has raised a $14 million funding round from a group including Itochu Technology Ventures and Strive.
LPs and infrastructure: Custom connections
LPs are mixing up their approaches to infrastructure as shifts in supply-demand dynamics converge with increased specialization requirements in next-generation projects. Asia remains the unproven goldmine
Partners Group invests Australian wind farm
Partners Group has made an investment of undisclosed size in an Australian wind power project. It is the firm’s fourth wind farm investment in the country in three years.
Carbon recycling specialist raises $72m Series E
Novo Holdings, a Danish venture and growth equity investor focused on life sciences, has provided $72 million in Series E funding to LanzaTech, a US carbon recycling specialist with a significant Asia presence.