Charge+ secures USD 8 million in Series A funding
Charge+, Singapore’s largest electric vehicle (EV) charging operator, has raised USD 8 million in a Series A round led by Trive Venture Capital, with TNB Aura leading the Series A2 extension.
Currently operating over 2,000 EV charging points, Charge+ aims to scale its infrastructure to 30,000 by 2030, aligning with Singapore’s national target of 60,000 charging points. The funds will accelerate Charge+’s expansion across Southeast Asia, starting with its contract to install 4,000 EV chargers in HDB carparks.
Beyond Singapore, Charge+ is establishing Indonesia’s largest EV charging hub along the trans-Java highway, while partnering with Ch.Pattana, Thailand’s largest electric taxi operator. In Vietnam, Charge+ is collaborating with Porsche to build an ultra-fast charging network, and in Cambodia, it is rolling out infrastructure at the country’s three largest ports.
The company has also inked regional roaming agreements with Malaysia’s Tenaga Nasional Berhad (TNB) and the Electricity Generating Authority of Thailand (EGAT), enabling users of the Charge+ app to access a broader network of EV chargers.
Clime Capital invests in UGEP to boost Philippine solar energy
Clime Capital, a Singapore-based clean energy fund manager, has made an investment in Upgrade Energy Philippines (UGEP) through its Southeast Asia Clean Energy Fund II (SEACEF II).
With an investment potential of up to USD 10 million, the funds will help UGEP scale its commercial, industrial, and utility-scale solar projects across the Philippines.
Recent deals completed in China:
- Nowwa Coffee, a chain coffee brand, has raised a nine-figure RMB sum in a Series B++ funding round. The investors for this round include Yongshan Tianji, Peakview Capital, and V Star Capital. The company will use the funds to enhance its supply chain and develop new products. —36Kr
- Marvel-Tech, a hydrogen-powered gas turbine company, has secured several hundred million RMB in a pre-Series B funding round. The round was led by Qiming Venture Partners, with participation from Fortune Capital, Orient Jiafu Asset Management, GL Ventures, Templewater, and Shunwei Capital. —36Kr
- Enjosim, a Shanghai-based self-medication system developer, has completed an RMB 100 million (USD 14.1 million) Series A funding round. The round was led by Moutai Fund and saw participation from Lightspeed China Partners, Yinman Ventures, and Grandway Capital. The capital will be used to construct a new production base and support R&D efforts for new products. —36Kr
- SiliCool, a semiconductor packaging technology company registered in Zhuhai, has bagged several hundred million RMB in funding. The round was led by CRRC Capital, Value Capital, and a Wingtech-managed fund. The funds will support the mass production and commercialization of its silicon carbide pre-sintering bonding equipment and advanced packaging solutions for high-bandwidth memory (HBM) devices. —36Kr
- Bodk (Bogong Technology), a biomedical technology company, has closed an undisclosed Series A funding round led by Endeavor Fund. The company will allocate the capital toward R&D, talent recruitment, and development of market infrastructure to support its cell research automation solutions. —36Kr
- Shincell New Material, a Suzhou-based clean foaming and lightweight materials company, has secured nearly RMB 200 million (USD 28.1 million) in a Series B funding round. Oriza Private Equity led the round, with participation from Addor Capital, Suzhou High-tech Venture Capital Group, Soochow Investment, and other investors. The funds will be used for R&D and capacity building. —36Kr
- E-gen Energy, an energy technology company, has announced the completion of a multimillion-RMB angel funding round led by BeFor Capital. The company will utilize the funds to build a production base for solid oxide electrolysis cells (SOEC) and further develop its green hydrogen systems. —36Kr
- CenoBots, a robotics company with offices in Shanghai, Hong Kong, and Singapore, has raised a seven-figure RMB sum in a pre-Series A++ funding round from Silicon Paradise. —36Kr
Nvidia, Zhipu AI, and more led last Thursday’s headlines:
- Nvidia participated in the USD 100 million Series A funding round for Sakana AI, a Tokyo-based startup focused on developing nature-inspired foundation models. The round was co-led by New Enterprise Associates, Khosla Ventures, and Lux Capital. The chip giant also joined a USD 50 million round for You.com, an AI-powered search engine with productivity tools, alongside lead investor Georgian, and participation from DuckDuckGo, SBVA, Salesforce Ventures, and Day One Ventures.
- Zhipu AI, one of China’s AI unicorns, raised over RMB 1 billion (USD 140.9 million) in a new round of financing at a pre-money valuation of RMB 20 billion (USD 2.8 billion). ZGC Science City, an investment platform backed by the Haidian government, led the round.
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