The company will utilize the fresh funding to further invest in engineering, product development, and marketing across the markets that it is present in
Zero Co said it will use the fresh funds to launch new products, hire across senior roles, invest in pouch cleaning and sanitization technology, conduct further large scale ocean clean ups and explore international markets
The startup will deploy the fresh capital to expand in international markets, including global team growth, and evolve its product and functionality in new ways to deliver valuable user experiences
Funding will be used to launch electric motorbikes in Southeast Asia, expand market presence and develop its R&D supply chain and manufacturing capabilities
The funding will be used to scale the startup's services in Malaysia through product development, and building and expanding its product as well as technology teams
The company said it will deploy the fresh capital to accelerate international expansion, particularly in Australia and New Zealand and to further its innovation and safety efforts
The investment round was led by Cool Japan Fund and National Development Fund with participation from existing investors Monk's Hill Ventures and MindWorks Capital
The funding round was led by Valar Ventures along with participation from US-based early-stage investment firm Presight Capital and existing investor Unbound
Venture capital firms that participated in the round include Alternate Ventures, French Partners, Lorinet Foundation, KSR Ventures, Mustard Seed and a set of other new investors
The Singapore-based equity management startup will deploy the fresh capital to strengthen and build the team, accelerate product development and build its client base.
Leapfrog Investments, Japan's SBI Investments, Xiaomi, Indonesian VC firms AlphaJWC and Intudo Ventures and existing investor Go-Ventures, investment arm of Gojek, participated in the round