Tag: ADB Ventures

Blitz raises additional $1.6 mn in oversubscribed seed extension funding round

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Blitz Electric Mobility (Blitz), a trailblazer in the Asian Pacific electric vehicle (EV) logistics sector, announced the successful closure of its oversubscribed seed extension funding round across Q3 2023 and Q1 2024, securing USD 1.6 million from eminent investors including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments, with ADB Ventures leading the round.…

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ADB Ventures Announces Its First Two Investments

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The Asian Development Bank’s (ADB) new venture arm, ADB Ventures, has announced its first two investments. Euler Motors has raised $9.4 million in Series A funding with participation by ADB Ventures, Blume, Inventus, and other investors. Smart Joules has raised $4.1 million in its Series A financing led by Sangam and ADB Ventures. Max I.…

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