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.
Top Regions
Past deals in Car Sharing
Palki Motors
Pre Seed Round in 2024
Palki Motors is Bangladesh's pioneering electric vehicle manufacturer, headquartered in Singapore with operations in Dhaka. It designs and produces electric cars and pickups tailored for ridesharing drivers and last-mile delivery, focusing on affordability, eco-friendliness, and efficiency. Its vehicles are designed to tackle local road challenges, featuring robust suspensions, air-conditioning, and battery-swapping options. Palki Motors has reduced over 250 tons of CO2 emissions and increased earnings for commercial drivers by up to 50%.
Drive lah
Seed Round in 2021
Drive lah is a Singapore-based startup founded in January 2019. It operates a peer-to-peer car-sharing platform, offering a wide range of cars for rental nearby at affordable prices. The platform connects car owners with renters, reducing the cost of ownership by renting out idle vehicles and providing users with convenient access to cars as needed.
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