Going places
- 500-backed Singapore-based startup Movel AI believes it can ramp up the adoption of robotics in Taiwan.
- Its flagship product, Seirios, is a robotic navigation software that can be deployed rapidly and can be integrated with different payloads.
- The Seirios only takes a few hours to install. It claims to combine sensor fusion, vision, machine learning, and artificial intelligence technologies to deliver human-like precision and movements.
- The software is compatible with robots across different industries, from automated guided vehicles in factories to inspection robots scanning structural defects within multi-story buildings.
- Read the full story here.
A sustainable ride
- In an interview, James Chan, founder and CEO of 500-backed ION Mobility, shared that motorbikes collectively emit up to 16x more hydrocarbons, 3x more carbon monoxide, and a “disproportionately high” amount of other air pollutants compared to passenger cars.
- In December last year, the company unveiled the ION Mobius, a smart electric motorbike. It can connect to the internet and pair with the rider’s smartphone via Bluetooth using the ION app.
- The app allows users to customize various settings on the Mobius, review their ride data, and analyze their riding style.
- “My goal for ION Mobility is to be profitable within five to seven years, and to be listed on a leading exchange. We may also venture beyond motorbikes to design, develop and launch another electrically powered vehicle within the next 10 years,” James shared.
- Read the full interview on VulcanPost.
A fresh deal
- As part of its expansion into the grocery segment, 500-backed super app Grab is acquiring premium supermarket chain Jaya Grocer.
- According to Reuters, Jaya Grocer is a leader in the premium grocery segment in Malaysia and operates 40 stores across Peninsular Malaysia.
- The startup said it will be partnering with a local investor who will own 50% of the voting shares in Jaya Grocer.
- It added that the deal is expected to be completed in the first quarter of 2022, with Jaya Grocer becoming a subsidiary of Grab.
- Read the full story on The Edge Markets.
