Pyxis raises SGD 13 million to drive maritime electrification
Pyxis, a Singapore-based maritime electrification startup, has raised SGD 13 million (USD 10 million) in the first close of its growth funding round, co-led by Shift4Good, Motion Ventures, Mitsui OSK Lines’ venture arm MOL Plus, and Seeds Capital, with green financing support from OCBC.
Pyxis develops electric vessels and energy systems designed to lower operating costs and emissions for coastal transport. The funds will support vessel manufacturing, expansion of its smart energy platform, and deployment of ultra fast marine charging infrastructure across Asia.
The company said it has secured 17 electric vessel orders and signed a heads of agreement with Mitsui OSK Lines to explore a joint venture for regional expansion.
Quantified Energy raises USD 6 million to advance AI-powered solar inspection
Quantified Energy (QE), a deep tech company specializing in drone and solar inspection technologies, has closed its Series A round at USD 6 million following new investments from ADB Ventures and Beacon Venture Capital, the corporate venture arm of Kasikornbank (KBank). The round builds on an earlier Series A investment led by Vertex Ventures Southeast Asia & India in May.
The new capital will accelerate the integration of QE’s patented autonomous drone electroluminescence mapping and artificial intelligence-driven analytics into quality assurance and control systems for large-scale solar projects. The company describes its technology as an “X-ray for solar modules,” capable of detecting internal defects invisible to standard inspections.
QE was founded as a spinoff from the Solar Energy Research Institute of Singapore at the National University of Singapore. Recent milestones include a memorandum of understanding with Generali China Insurance to establish new standards for solar asset risk management.
BBVA leads Series A investment in Singapore-headquartered Olea
Olea Global, a Singapore-headquartered digital trade finance platform, has raised USD 30 million in a Series A round led by BBVA, with participation from XDC Network, theDOCK, and existing investor SC Ventures, the venture arm of Standard Chartered Bank.
The funds will support Olea’s AI-driven analytics, embedded finance innovation, and Web3 readiness to expand origination across high-growth markets. BBVA’s participation will also facilitate Olea’s entry into Europe, the US, Latin America, and Asia through joint digital supply chain solutions.
Since its launch in 2022, Olea has reportedly facilitated more than USD 3 billion in trade financing across 70 corridors and built a network of over 30 institutional funders. The company is licensed by the Monetary Authority of Singapore (MAS) to provide capital market services and aims to enhance global trade liquidity through data intelligence and institutional governance.
Saladin secures Series A funding to expand digital insurance offerings
Saladin, a Vietnamese digital insurance broker, has secured an undisclosed amount in a Series A round led by SBI Ven Capital, through its joint fund with Kyobo Securities and NTUitive from Singapore. The round also saw participation from Monk’s Hill Ventures, Peak XV Partners, ICMG, and other new and existing backers.
The proceeds will be used to diversify Saladin’s insurance products, expand into life and health coverage, and strengthen its digital partnerships. Founded in 2022, the company operates a digital-first B2B2C platform connecting users to insurance, payments, travel, and healthcare partners. Saladin said it currently works with 15 insurers and serves nearly one million customers in Vietnam.
The company added that it plans to introduce term life and health insurance products primarily through online distribution, aligning with Vietnam’s growing digitalization and regulatory reforms.
RedotPay raises USD 107 million to scale global stablecoin payments
RedotPay, a Hong Kong-based fintech firm offering stablecoin-based payment solutions, has raised USD 107 million in a Series B round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, alongside continued support from existing investors including HSG.
With this latest funding, RedotPay has raised a total of USD 194 million in 2025. The proceeds will be used to advance product innovation, regulatory expansion, and acquisitions to strengthen the company’s global footprint.
Recent deals completed in China:
- Uservice Technology Service, a provider of aftermarket services for CNC (computer numerical control) machine tools, has raised an eight-figure RMB sum in a Series A round led by Zheshang Venture Capital, with participation from Anji State-owned Assets. The company plans to use the proceeds to strengthen R&D in AI-driven predictive maintenance models, expand its green remanufacturing initiatives, and enhance its e-commerce platform for industrial supplies. —36Kr
- Phil Rivers Technology, an AI4S (AI for science) company, has raised RMB 100 million (USD 14 million) in a Series A1 round led by CAS Investment Management, with participation from Ze Yuan Foundation and ChemPartner. The company applies AI to drug discovery, including molecule screening, free energy prediction, and antibody optimization. The new capital will support the continued development of its AI-based drug design tools and expand collaborations across the life sciences ecosystem. —36Kr
- Astronstone, a rocket R&D and manufacturing firm, has secured over RMB 100 million (USD 14 million) in a pre-Series A round led by Shenzhen Co-Stone Asset Management, with participation from Xingxiang Investment Holding Group and Tuofeng Venture Capital. Existing investor Yinying Venture Capital also joined the round. The funds will support the company’s first rocket launch and the construction of its production base in Zhuzhou. —36Kr
- Percisphere, a robotics company, has raised more than RMB 100 million (USD 14 million) in a pre-Series A round led by Dayone Capital, with participation from Anker Innovations and existing shareholders. The funds will go toward R&D, commercialization, and international expansion as the company scales its autonomous robotics solutions for industrial and logistics applications. —36Kr
Airwallex, Granite Asia, RockFlow, and more made recent headlines:
- Airwallex, a global fintech company specializing in cross-border payments, raised USD 330 million in a Series G round at a valuation of USD 8 billion.
- Granite Asia, a multi-asset investment firm focused on the Asia Pacific region, completed a USD 350 million first close for its Libra Hybrid Fund, which targets USD 500 million in total commitments. The fund is anchored by Temasek’s Aranda Principal Strategies, Khazanah Nasional, and the Indonesia Investment Authority.
- RockFlow, a Singapore-based fintech company, raised an eight-figure USD sum in a new round led by Ant Group, with participation from Monolith Management and existing investors Lanchi Ventures, Forwest Capital, and Evergreen.
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