The landscape of green logistics in the Philippines has been energized with a PHP 350 million (USD 6 million) injection from Clime Capital’s South East Asia Clean Energy Facility II (SEACEF II) into Mober, a local electric vehicle (EV) startup. This infusion of capital, structured through a combination of equity and convertible notes, is set to supercharge Mober’s fleet, bringing the total to 238 EVs, and to facilitate the development of a new charging station by the early months of 2025.
Servicing high-profile clients such as Ikea and Maersk, Mober is at the forefront of creating a more efficient EV ecosystem with its innovative battery management system. Strategically positioned charging points are also in the works to bolster long-haul operations throughout Luzon. Clime Capital’s COO, Mason Wallick, praised Mober’s drive to deliver fully electric business-to-business (B2B) delivery services as an exemplary leap towards a sustainable business model in the logistics industry.
Meanwhile, the fintech arena has seen iPiD, a Singapore-based global payments and payee verification startup, garner USD 5.3 million from an oversubscribed pre-Series A round. With the backing of Monk’s Hill Ventures, QED Investors, and Quona Capital, iPiD is set to deploy its payee verification solutions in Europe and bolster its API validation services worldwide to thwart payment fraud. The company is particularly keen on making strides in Southeast Asia, a region with significant remittance inflows.
In the realm of integrated automation solutions, Singapore’s Botsync has successfully closed a USD 5.2 million Series A funding round, co-led by Capital 2B and Betatron Venture Group. The capital raised will be allocated to expanding automation capabilities on its platform, refining product development, and streamlining the automation onboarding process for clients. Botsync’s growth strategy extends to enhancing customer support and targeting markets in Southeast Asia, India, Australia, and the Middle East.
Indonesian logistics solutions provider McEasy also made headlines with its Series A+ funding round led by Granite Asia, with East Ventures participating, increasing McEasy’s total Series A financing to USD 11 million. The funding is expected to advance the company’s Internet of Things (IoT) and artificial intelligence (AI) offerings.
In Vietnam, Vigo Retail, a B2B e-commerce platform, has reportedly secured an investment from Argor Capital Management, Wavemaker Partners, and Patamar Capital, based on regulatory filings.
China’s business sector has not been left behind in the recent flurry of investment activity. Chengdu-based industrial control systems developer Emfuture Technology has raised a Series B round from Loongson Technology. Additionally, commercial drone supplier Skysys received over RMB 100 million in Series B funding. Legal services platform 365LawHelp, data infrastructure solutions provider ExponTech, instant foie gras brand Nainai Wange, and AI-driven chemical research company Deep Principle also secured significant investments to fuel their growth and technological advancements.
Other notable investments include Myanmar HR automation startup Better HR, which raised bridge funding from Satori Giants and Blibros AB, and Hong Kong’s digital coupon platform Mezzofy, which completed a USD 2 million pre-Series A funding round. Also, the Mantle EcoFund backed seven SocialFi and gaming projects with USD 5 million in fresh funding, demonstrating the growing interest in the Web3 space.
