Just six months after its unprecedented Series A announcement of $112M, autonomous vehicle company Pony.ai has raised a follow-on funding round. Co-led by ClearVue Partners and Eight Roads (the proprietary investment arm of Fidelity International Limited), this continuation of funding represents $102M, bringing Pony.ai’s total Series A funding to $214M. In addition to ClearVue and Eight Roads, new investors include Green Pine Capital Partners, China Merchants Capital, Redpoint Ventures China, Adrian Cheng (Founder of K11), and Delong Capital. Existing investors participating in this round include Sequoia Capital China, Morningside Ventures, DCM Ventures, and Hongtai Capital. Notably, both Sequoia and Morningside…
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The Maritime and Port Authority of Singapore (MPA) is supporting Wilhelmsen Ship Service and Airbus in their pilot trial of deliveries from shore to vessels anchored off the coast with an unmanned aerial system (UAS), in the second half of 2018. Wilhelmsen Ship Service and Airbus announced on 5 June 2018 that they will be collaborating on an experimental project to deliver spare parts, documents, water test kits and 3D printed consumables via Airbus’ Skyways UAS to vessels at Singapore’s anchorage. This trial is a culmination of over a year of planning and collaboration between the two companies, with support…
Cainiao Network (“Cainiao”), the logistics affiliate of Alibaba Group, today showcased New Logistics technologies at its 2018 Global Smart Logistic Summit. In addition, Cainiao unveiled plans to upgrade its global logistics network with initiatives to open five hubs around the globe. Technologies and programs introduced by Cainiao today are part of its efforts to facilitate trade in China and around the globe, and to enhance services to merchants and consumers through a fully integrated online and offline experience. Introducing “Future Park” solution Cainiao today showcased its “Future Park” solution for a new state-of-the-art logistics complex that will house a smart…
The proliferation of Internet of Things (IoT) technology across consumer products, enterprises and public service fueled by artificial intelligence, machine learning and big data is often said to bring about a fundamental change in the society from a macro level all the way down the everyday lives of the common folk on the street. This is described by some as the 4th Industrial Revolution, and if history is any indication it will completely revolutionise everything as we know it. Yet, despite the big impact that it will potentially have, the understanding of the subjects is still limited at best, given…
Asia Pacific (excluding Japan) spending on augmented reality and virtual reality (AR/VR) is forecast to reach US $11.1 billion in 2018, an increase of more than 100% from $4.6 billion the previous year. The latest update of IDC’s Worldwide Semiannual Augmented and Virtual Reality Spending Guide provides a detailed view at the investments on AR/VR products and services which have gained exceptional market momentum in 2018 and are expected to achieve a five-year compound annual growth rate (CAGR) of 68.5% throughout the forecast period (2017-22). “The availability of new standalone VR headsets such as Oculus Go from Facebook and Mirage Solo from…
The cost of Internet of Things (IoT) sensors has decreased remarkably over the past decade, heralding new possibilities of a renewed push for smart cities. With worldwide spending on IoT predicted to surpass the USD$1 trillion mark by 2020, this has increasingly attracted attention within the various sectors. With that tied in line with the strong push towards smart cities, seen through the recent piloting of Smart Cities Network by 26 ASEAN cities, more cities are looking towards developing more in-depth frameworks to improve the lives of citizens through the use of technology such as IoT solutions. This gives rise…
IDC Government Insights Asia Pacific opens public voting in its search for the top smart city initiatives in the region (excluding Japan) for the fourth straight year. Out of over 180 smart city project submissions coming from local governments and technology suppliers in Asia Pacific, only the top 48 projects were shortlisted by IDC as a finalist in at least one of 12 functional smart city strategic domains measured in its annual Smart City Asia Pacific Awards (SCAPA). All finalists will compete with other outstanding projects through IDC analysts’ benchmarking, public voting, and judging from an International Advisory Council. In…
Swedish automaker Uniti has concluded its first step in bringing its innovative city EV to Asia with a successful introduction of the Uniti One at India’s Auto Expo 2018 in New Delhi. Recognized as one of the ‘top 3 electric cars’ showcased at the event, the Uniti One received considerable interest from attending press and numerous accolades from many of the expo’s 600,000+ visitors. Crowd Reactions From Auto Expo 2018 “We had thought that a reasonably priced EV with good range and premium quality would be well received in India, but the response was truly incredible,” said Lewis Horne, Uniti…
Cities in Asia Pacific are getting smarter, but they must be ready for the cyber security risks that accompany the growing adoption of tech-enabled real estate and infrastructure, according to the report ‘Clicks and Mortar: The Growing Influence of Proptech’. Commissioned by JLL and authored by start-up community Tech In Asia, the report analyses the convergence of real estate and technology in 13 markets across the region and the ways that emerging technologies are being applied to connect urban real estate, infrastructure and services. Smart cities initiatives are being implemented worldwide with many high profile examples in Asia Pacific. India has announced its…
Asia/Pacific (excluding Japan) on the technologies that enable Smart Cities initiatives is expected to reach $28.3 billion in 2018, according to the first-ever IDC Worldwide Semiannual Smart Cities Spending Guide. In its inaugural release, IDC provides a comprehensive outlook at the technology investments associated with a range of Smart Cities priorities and use cases. As these initiatives gain traction, IDC expects spending to accelerate over the 2016-2021 forecast period, reaching to $45.3 billion in 2021. “For the first time since 2006, when IDC first discovered and documented the birth of Smart Cities, we are proud to launch our global Smart Cities…