FinSMEs
ION Mobility, a Singapore-based tech and automotive OEM, raised US$18.7M in Series A funding.
Backers included TVS Motor Company, AC Ventures Malaysia, Michael Sampoerna, Ng Ho Sen, and existing investors such as TNB Aura, Quest Ventures, Monk’s Hill Ventures, Village Global, GDP Venture and Seeds Capital.
The company intends to use the funds to invest the capital into Indonesia to grow its local team, operations and capabilities. This includes its sales and marketing presence, local supply chain networks, production tooling and manufacturing capabilities in Indonesia.
