Data Vantage: Transcelestial, Desty and Ecomobi raise new funding, ShopBack expands cap table
Singapore-based Transcelestial, a wireless laser communication technology provider, has raised $7 million in new funding.
Source: dealstreetasia.com
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Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
The round was led by Go-Ventures and Kreasi Terbarukan TBS.
Source: dealstreetasia.com
Indonesia's Fairatmos raises $4.5M seed round led by Go-Ventures and Kreasi Terbarukan TBS
Fairatmos, an Indonesia-based carbon technology platform, has raised $4.5 million in its seed round, led by Go-Ventures and Kreasi Terbarukan TBS, the investment arm of one of Indonesia’s leading integrated energy companies, Toba Bara Sejahtera. The round also saw participation from Vertex Ventures Southeast Asia and India and prominent angel investors.
Source: technode.global
Indonesian banks prop up coal industry increasingly shunned by outside lenders
JAKARTA — Indonesia’s four largest banks handed out loans totaling $3.5 billion of direct loans to the coal industry from 2015-2021, despite their stated commitments to sustainable financial practices, a new report shows. The report by a coalition of civil society groups looked at loans made by BNI, BRI and Bank Mandiri, all state-owned lenders, […]
Source: mongabay.com
StreetScooter bought by Odin - electrive.com
Deutsche Post DHL Group has sold its electric delivery van subsidiary StreetScooter to the Luxembourg holding company Odin Automotive. StreetScooter rights and production know-how as well as its subsidiaries in Switzerland and Japan will go from Deutsche Post DHL Group to the new owner. Deutsche
Source: electrive.com