Temasek Holdings

Temasek Holdings, established in 1974 and based in Singapore, is an investment company managing a diversified portfolio valued at approximately S$242 billion. The firm actively invests across various sectors, including telecommunications, media and technology, financial services, transportation, consumer products, real estate, life sciences, and energy. Temasek focuses on long-term investment themes such as transforming economies, growing middle-income populations, deepening comparative advantages, and supporting emerging champions. Its investment strategy encompasses a combination of liquid assets, listed and unlisted equities, and private equity opportunities, with a notable emphasis on mid-stage technology and life sciences investments through its private equity arm, Temasek Capital Management. Furthermore, Temasek aims to be the preferred investor for companies in Singapore and internationally, reflecting its commitment to global investment opportunities.

Pradyumna Agrawal

Director

Soyoun Ahn

Managing Director, Investment (Credit and Hybrid Solutions)

Gary Ang

Managing Director, Macro Strategy

Parimal Aswani

Managing Director, Technology

Ravi Balasubramanian

Managing Director, Portfolio Development, New Energy and Industrials

Siddartha Bhattacharjee

Head of Mobility and Logistics and Managing Director of Portfolio Strategy & Risk Group

Eric Bielke

Director

Wendy Chandra

Managing Director, Technology

Yuliang Chang

Managing Director, Investment (China)

Eu Chua

Managing Director, Institutional Relations and Singapore Market

Ranjit Dandekar

Managing Director, Investment

Promit Ghosh

Managing Director

Reena Kanagasingam

Managing Director, Investment (Public Markets)

Ming Pey Lim

Chief of Staff, Executive Office, Deputy Chief Corporate Officer and Managing Director, Strategy Office

Sheau Ming Lim

Director

Paul Liu

Managing Director, Investment (Financial Services), Portfolio Strategy and Risk Group

Anuj Maheshwari

Head, Agri-Food Managing Director, Investment (Middle East and Africa)

Nicolas Meier

Managing Director, Investment (EMEA) and Director

Jingwen Miao

Managing Director, Investment (China)

Suranjan Mukherjee

Managing Director, Cross Asset Macro Portfolio and Joint Head, Public Market Investment Strategies

Jonathan Popper

Managing Director, Portfolio Development Group

Ryan Rakestraw

Director

Parangam Ray

Managing Director, Organisation and People

Pierce Scranton

Managing Director, Institutional Relations and Deputy Head, North America

Shaun Seow

Managing Director, Singapore Market and Head, Community Stewardship

Rohit Sobti

Managing Director, New Energy and Industrials

Jason Sun

Chief Representative, Beijing and Managing Director, Investment (China)

Belinda Tan

Managing Director, Finance (Financial Management)

Man-Keung Tang

Managing Director, Macro Strategy

Sulian Tay

Operating Partner

Alan Thompson

Operating Partner

Karen Toh

Managing Director, Finance (Treasury)

Damien Vacherot

Director

Benoit Valentin

Senior Managing Director EMEA and Head of Private Equity Fund Investments

Rob Williams

Managing Director, Investment (EMEA)

Ye Xu

Managing Director, Investment (China)

Past deals in Transportation

Ola

Private Equity Round in 2021
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.

Waymo

Private Equity Round in 2021
Waymo stands for a new way forward in mobility. it is a self-driving technology company with a mission to make it safe and easy for people and things to move around. Waymo improves transportation by building software and sensor technology developed in Google’s labs since 2009. In October 2015, they achieved the world’s first fully self-driving trip on public roads, in a car without a steering wheel or pedals. They refine Waymo technology through one billion miles of simulation testing each year, and the cars have self-driven over two million miles on public roads across four U.S. cities. It was founded in 2009 and is located in Mountain View, California.

Einride

Series B in 2021
Einride AB is a freight mobility company that specializes in the transportation of goods using innovative technologies. Founded in 2016 and headquartered in Stockholm, Sweden, with additional offices in Gothenburg and Palo Alto, Einride focuses on developing electric and autonomous logistics solutions. The company's flagship products include Einride Pods, which are electric trucks designed for transporting a variety of cargo, including pallets, timber, and perishable goods. Einride also provides clients with tools to plan, order, and track sustainable transport, aiming to redefine logistics through intelligent freight mobility solutions.

Arrive Logistics

Private Equity Round in 2021
Arrive Logistics LLC, founded in 2014 and based in Austin, Texas, is a freight brokerage firm that provides comprehensive supply chain services to businesses. The company specializes in offering transportation management solutions that include GPS and online tracking, as well as carrier monitoring services. Arrive Logistics facilitates efficient communication through a single point of contact, supports carriers with a robust network, and provides 24/7 dispatch services. With a focus on enhancing the logistics experience for both shippers and carriers, Arrive Logistics leverages technology and financial resources to deliver exceptional service and capacity. The firm has expanded its operations to include additional offices in Chicago, Illinois, and Chattanooga, Tennessee, and has experienced significant growth since its inception, validating its approach to meeting the needs of high-volume shippers.

Duckbill

Venture Round in 2021
Duckbill is a logistics and transportation company that specializes in container trucking services, international freight forwarding, and warehousing solutions. By leveraging big data and artificial intelligence, Duckbill effectively manages its fleets to enhance operational efficiency and improve worker safety. The company focuses on providing standardized and large-scale transportation services, ensuring reliability and responsiveness in the logistics sector. Through its innovative technology-driven approach, Duckbill aims to streamline the supply chain process and meet the evolving needs of its clients.

Didi Freight

Series A in 2021
Didi Freight provides an Uber-like trucking service.

Omio

Venture Round in 2020
Omio operates a multi-modal travel booking platform that enables users to find and compare travel options by train, bus, and flight across Europe, the United States, and Canada. Founded in 2012 and based in Berlin, Germany, the platform is designed to help travelers identify the fastest, cheapest, and most convenient routes to their desired destinations. By integrating various data sources, Omio offers a comprehensive search tool that suggests nearby airports and train routes while estimating total travel time. Users can visualize and compare different travel options through a comparative chart that highlights cost and duration, facilitating informed long-distance travel planning. The platform focuses solely on long-distance travel, excluding urban public transport options.

LF Logistics

Private Equity Round in 2019
LF Logistics is a leading provider of logistics services across the Asia-Pacific region, specializing in supply chain management for various sectors, including fast-moving consumer goods, food and beverage, footwear, apparel, and retail. The company manages a vast network that spans Greater China, ASEAN, Japan, Korea, the Middle East, and the Indian subcontinent, which enhances its ability to navigate the diverse and economically vibrant markets of Asia. With 26 million square feet of operational space and an impressive annual growth rate of 35%, LF Logistics partners with over 400 renowned companies, facilitating the delivery of 100 million units of consumer products daily. The firm ensures that clients' products are efficiently handled from the point of manufacture to the end consumer.

Omio

Series D in 2018
Omio operates a multi-modal travel booking platform that enables users to find and compare travel options by train, bus, and flight across Europe, the United States, and Canada. Founded in 2012 and based in Berlin, Germany, the platform is designed to help travelers identify the fastest, cheapest, and most convenient routes to their desired destinations. By integrating various data sources, Omio offers a comprehensive search tool that suggests nearby airports and train routes while estimating total travel time. Users can visualize and compare different travel options through a comparative chart that highlights cost and duration, facilitating informed long-distance travel planning. The platform focuses solely on long-distance travel, excluding urban public transport options.

Ola

Secondary Market in 2018
Ola is a mobile technology platform based in India that connects passengers with a variety of transportation options, including cabs, auto-rickshaws, bikes, and shuttle buses. Founded by Ankit Bhati and Bhavish Aggarwal in December 2010, the company operates its services through a mobile application available on Windows, Android, and iOS platforms. Ola's platform is designed to provide convenient and transparent ride-hailing services, enabling users to book city taxis, outstation travel, car rentals, and corporate travel. With its headquarters in Bengaluru and additional offices across the country, Ola aims to enhance urban mobility by offering a broad network of transportation solutions. Additionally, Ola Café focuses on delivering food from top-rated local restaurants to customers within 20 minutes, further diversifying the company’s offerings.

Mafengwo

Series D in 2017
Beijing Mafengwo Network Technology Co., Ltd. operates a comprehensive travel platform that provides information on both domestic and international travel destinations. Founded in 2006, the company allows users to share their travel experiences through a social networking site, featuring over one million user-generated travel guides and more than five million ratings and reviews. Mafengwo offers a wide range of services, including travel route planning, hotel bookings, and essential travel information such as visa requirements and insurance. The platform also emphasizes user engagement and continuously enhances its features to improve the sharing of travel-related content. With a core product encompassing a vast array of global destinations, Mafengwo has achieved over 100 million downloads of its travel guides and serves millions of users annually. The company has integrated various booking services, partnering with established platforms to streamline the travel planning process. Based in Beijing, Mafengwo is dedicated to enhancing the travel experience through accessible and comprehensive resources.

BluJay Solutions

Private Equity Round in 2017
BluJay Solutions specializes in logistics and transportation software and services, aimed at enhancing the operations of shippers and freight forwarders. The company offers cloud-based solutions that provide hands-free customs processing, real-time data analytics, and improved visibility, allowing businesses such as retailers, distributors, manufacturers, and logistics service providers to adapt quickly to changing conditions. By focusing on efficiency and risk mitigation, BluJay Solutions enables its clients to seize opportunities for profitable growth. The firm has been instrumental in helping various sectors optimize their supply chain operations through innovative technology.

SMRT Corporation

Acquisition in 2016
SMRT Corporation Ltd is an investment holding company based in Singapore that provides a range of multi-modal land transport services both locally and internationally. It operates across several segments, including Rail Operations, which manages the North-South-East-West and circle lines of the mass rapid transit system, as well as the Bukit Panjang light rapid transit system. The Bus Operations segment offers approximately 102 public bus services with a fleet of around 1,200 buses, while the Taxi Operations segment manages about 3,500 taxis and provides related rental services. Additionally, the company engages in commercial space leasing, advertising, engineering consultancy, and other support services. SMRT also operates a fleet of buses for charter services and runs an educational institution focused on transport-related training. Founded in 1987, SMRT Corporation Ltd is a subsidiary of Temasek Holdings (Private) Limited.

G7

Series C in 2016
G7 has an installation base of 800,000 cargo vehicles throughout China. Through its proprietary hardware devices, the company is able to compile data for logistics companies and drivers on location, route optimization, fuel consumption, and cargo status (temperature, humidity, etc).

Cainiao

Series A in 2016
Cainiao Logistics, founded by Shen Guojun in 2013 and headquartered in Shenzhen, China, provides comprehensive logistics services primarily for Alibaba Group. The company operates a network of warehouses and express delivery stations, facilitating efficient parcel tracking and delivery. It features a logistics information platform that offers real-time access to shipment data for both buyers and sellers, thereby enhancing service quality and capabilities. Cainiao Logistics aims to streamline logistics for the online and mobile commerce sectors, enabling same-day delivery to any city in China while reducing overall logistics costs and addressing common bottlenecks in the industry.

Didi

Private Equity Round in 2015
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation. Bo Zhang and Wei Cheng established the company in 2012 in Beijing, Beijing.

Tuniu

Post in 2015
Tuniu Corporation is an online leisure travel company based in Nanjing, China, founded in 2006. It specializes in offering a wide range of packaged tours, including both organized and self-guided options, catering to leisure travelers. The company's services extend to selling tourist attraction tickets, visa application assistance, accommodation reservations, and transportation options such as air, train, and bus ticketing. Additionally, Tuniu provides car rental and insurance services, as well as advertising opportunities for tourism boards. Its products and services are accessible through its website, mobile platform, and a network of call centers and retail stores across China. Tuniu boasts over 550,000 stock keeping units of packaged tours covering over 140 countries and major tourist attractions in China, aiming to enhance customer experience and loyalty while expanding its market share.

Didi

Series D in 2014
Didi Chuxing is a mobile transportation platform that offers app-based transportation services. The company offers a mobile tech-based mobility option for users across, including taxi hailing, private car-hailing, Hitch (social ride-sharing), DiDi Chauffeur, DiDi Bus, DiDi Test Drive, DiDi Car Rental, and DiDi Enterprise Solutions. As a practitioner in the sharing economy initiative, DiDi is committed to working with communities and partners to solve transportation, environmental challenges, and employment problems using big data-driven deep-learning algorithms that optimize resource allocation. Bo Zhang and Wei Cheng established the company in 2012 in Beijing, Beijing.

Tuniu

Series D in 2013
Tuniu Corporation is an online leisure travel company based in Nanjing, China, founded in 2006. It specializes in offering a wide range of packaged tours, including both organized and self-guided options, catering to leisure travelers. The company's services extend to selling tourist attraction tickets, visa application assistance, accommodation reservations, and transportation options such as air, train, and bus ticketing. Additionally, Tuniu provides car rental and insurance services, as well as advertising opportunities for tourism boards. Its products and services are accessible through its website, mobile platform, and a network of call centers and retail stores across China. Tuniu boasts over 550,000 stock keeping units of packaged tours covering over 140 countries and major tourist attractions in China, aiming to enhance customer experience and loyalty while expanding its market share.
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