Accelerating Asia
Accelerating Asia is an accelerator firm based in Singapore, founded in 2018. It focuses on investing in pre-Series A startups across various sectors, including ed-tech, SaaS, logistics, big data, human resources tech, ad tech, travel tech, ag-tech, and fintech. With a preference for impact investments, Accelerating Asia targets startups that are 6 to 18 months away from institutional funding and offers investments of up to $250,000. The firm aims to support businesses that have a robust product and early customer traction, which are often overlooked by other investors in the region. By running programs for both startups and investors, Accelerating Asia is committed to accelerating the growth of emerging companies and fostering entrepreneurship as a means of driving positive change within communities across Southeast and South Asia.
Palki Motors
Pre Seed Round in 2024
Palki Motors, headquartered in Singapore with operations in Dhaka, Bangladesh, is the country's first indigenous manufacturer of electric cars and pickups. The company specializes in designing and producing electric vehicles tailored for ridesharing drivers and last-mile delivery, with a mission to provide affordable, eco-friendly, and efficient transportation solutions. Palki Motors' vehicles are designed and manufactured locally, bearing the "Made in Bangladesh" label, and are equipped to handle the unique challenges of local roads, such as robust suspension systems and air-conditioned comfort. The company's battery-swapping option ensures convenience in off-grid areas, while its electric vehicles have reduced over 250 tons of CO2 emissions, supporting a cleaner environment. Commercial drivers using Palki's cars report a 50% increase in earnings compared to fossil fuel vehicles, and corporate clients using electric pickups save up to 52% on total ownership costs. Palki Motors leverages its strategic position to bring global expertise and local innovation together, offering reliable, affordable, and sustainable electric vehicles.
Drive Lah
Seed Round in 2021
Drive Lah is a Singapore-based start-up founded in January 2019, specializing in a peer-to-peer car-sharing platform. The service allows car owners to rent out their vehicles when not in use, addressing the high costs associated with car ownership in Singapore, where vehicles are often parked and underutilized. By facilitating this rental process, Drive Lah enables owners to reduce their expenses while providing renters access to a diverse range of cars at competitive rates. The platform ensures that all trips are insured through a partnership with Tokio Marine, prioritizing safety for both owners and renters. Positioned within the growing non-ownership economy, Drive Lah aims to simplify car access and lead in the field of distance travel.
Casa Mia Coliving
Pre Seed Round in 2021
Casa Mia Coliving is a coliving operator that specializes in offering private bedrooms within shared homes, particularly catering to young professionals in Singapore. Recognizing the challenges of finding suitable accommodation in a competitive market, the company provides affordable living spaces with flexible terms, easing the typically complex house-hunting process. Casa Mia Coliving offers fully furnished rooms, weekly cleaning, laundry services, and essential utilities, all designed to facilitate a seamless transition for newcomers. By leveraging technology, the company streamlines the search process, helping individuals quickly find their ideal home and build a supportive community.
Kinexcs
Seed Round in 2020
Kinexcs is an AI-driven health platform and wearables company focused on enhancing mobility and improving quality of life for individuals with musculoskeletal conditions. It addresses issues of incomplete recovery and patient compliance through its innovative digital therapy solutions, which are both cost-effective and convenient. The company has developed KIMIA, the world's first continuous knee health monitor, combined with an AI-based digital therapist that facilitates access to therapy. Kinexcs collaborates with key opinion leaders and major public hospitals in Singapore on various clinical projects, while also offering its products through orthopedic surgeons and significant implant manufacturers. The integration of continuous monitoring and real-time exercise guidance supports patients in managing their conditions effectively.
BeamAndGo
Pre Seed Round in 2019
BeamAndGo is a Singapore-based company that offers a digital platform for overseas Filipinos to purchase essential items for their families back home in the Philippines. Through its website, BeamAndGo.com, users can buy digital gift certificates for groceries, medical supplies, and other necessities. These certificates are sent directly to the mobile phones of recipients, allowing for immediate redemption at participating stores across the Philippines. The service provides a transparent and accountable way for overseas Filipino workers to support their families, with a user-friendly suite of tools for tracking gift certificate status. BeamAndGo is continuously expanding its merchant network, partnering with reputable firms to enhance its offerings, all while maintaining an affordable service fee that starts at USD $1.99.
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