Daily Briefing: Grab launches electric vehicles in Indonesia; Medtech firm AWAK Technologies clinches $54m funding

And proptech startup MOGUL.sg partners with real estate agency Century 21.

From e27:

Grab has launched its Four-Wheels and Two-Wheels Electric Vehicles (EV) pilot projects in Jakarta with support from carmakers. The company has gained the Indonesian government’s support in the launch of Electric Vehicle (EV) Ecosystem Roadmap.

The move is also the unicorn’s answers to government’s target of 2 million EVs by 2025, something that SoftBank has committed to support through its $2.71b (US$2b) investment into Grab back in July.

It also announced partnerships with automakers Hyundai, Astra Honda Motor, and Gesits to launch four- and two-wheel electric vehicles pilots in the Greater Jakarta region.

Grab reportedly has been expanding its EV ecosystem by collaborating with governments and partners like automakers and electricity providers, to drive up EV adoption.

Read more here.

From DealStreetAsia:

Medical technology company AWAK Technologies has raised $54.19m (US$40m) in an oversubscribed financing round co-led by new investors Vickers Venture Partners, and an undisclosed global medical products company, according to an announcement.

The company will use the corpus to complete the pivotal clinical trial of the AWAK PD device, strengthen the company’s R&D, among others.

The investment, which brings the total amount of funding raised by the company to over $81.29m (US$60m), marks the largest medtech fundraise in Singapore and one of the largest in Southeast Asia. The round also saw the participation of existing investors Advanced MedTech and Enterprise Singapore’s investment arm SEEDS Capital.

AWAK Technologies is dedicated to the research, development, and marketing of AWAK PD, a sorbent-based kidney dialysis machine that is used for the treatment of patients with end-stage kidney disease.

Read more here.

From iCompareLoan:

Proptech startup MOGUL.sg has signed a memorandum of understanding (MOU) with real estate agency Century 21 Singapore Holdings to provide them access to their geospatial data technology.

Utilising their knowledge in geospatial data technology, MOGUL.sg’s platform seeks to help agents list all their property’s surrounding amenities just with an input of a postal code. Verified by over 40 government agencies, this would allow agents to have lesser fields to fill.

With the systems AI that will learn the users search habits and needs and wants according to their lifestyle needs and past search parameters, the platform aims to help match home seekers and their property with the agents listing at a granular level.

MOGUL.sg boasts over 260,000 search keywords and more than 70,000,000 geodata points.

Read more here.