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SINGAUTO raises $50M to expand global cold chain tech, focusing on electric refrigerated vehicles and local assembly.
SINGAUTO, a Singapore-based cold chain logistics technology company, has secured over $50 million in funding to expand globally, enhance local assembly operations, and advance research on refrigerated electric vehicles.
Investors include GSR Vision Capital, Delu Capital, Bank of China Asset Management (Singapore), BBG Global, MVGX Tech, and Startech Global Ventures, with the latter two also serving as strategic partners.
The funding round was marked by a signing ceremony in Singapore attended by government and financial leaders.
The company aims to strengthen its global presence and innovation in sustainable cold chain solutions amid rising demand, particularly in Southeast Asia.
SINGAUTO recauda $50M para expandir la tecnología global de la cadena de frío, centrándose en vehículos refrigerados eléctricos y ensamblaje local.