Ride-hailing firm Tada parent MVL raises $5m in expansion push

Kay Woo, Founder and CEO of MVLLABS.

Mobility ecosystem MVL, the company behind ride-hailing firm Tada, has raised $5 million in its Series A funding round that will fuel the development of its mobility ecosystem and expansion of its existing markets.

In an announcement, the Singapore-based firm said the funding round was led by South Korean venture capital firm SV Investment. Two of South Korea’s largest car parts manufacturers – Central and SIMWON Inc – also participated in the funding round.

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