Mobility

In 2019, Ola had said it would go public by March 2021. However, the pandemic has derailed its plans and it’s currently focusing on building its electric vehicle fleet.

The company supplies more than 40 automakers with intelligent driving solutions.

These Southeast Asian startups that KrASIA highlighted in the first half of 2021 have one thing in common: they each identified a relatively unexplored area and built their business around it.

ZongMu sees services like vehicle charging and car-washing as add-ons to its autonomous valet parking function.

The startup aims to produce 7nm chips specifically for automobiles, competing with big names like Qualcomm, Nvidia, and Samsung.

As companies reduce per kilometer payments and incentive schemes, couriers for large tech companies’ logistics services are refusing orders.

As domestic travel increases, budget hotel startups are answering staycation and local business travel demand with midscale offerings in Southeast Asia.

The company aims to raise up to USD 4 billion in its float.