Geely, SK-backed GLy to raise $300m fund as COVID turbocharges future of new mobility

Harry Krkalo, founder and co-CEO of GLy Capital Management

Hong Kong-based GLy Capital Management is driving into the increasingly crowded field of new mobility through the launch of its maiden fund, aiming to deploy $300 million in two years.

GLy, established in August 2017, debuted the New Mobility Fund this March to bet on privately-held companies that could “redefine the transportation industry”. It focuses on four major areas — smart cities/Mobility as a Service (MAAS); electrification; internal combustion engines (ICE)/electric vehicle (EV) materials; and smart cars.

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