SG Digest: Ion Mobility grabs $3.3m seed; Kamet Capital backs Tramés

Ion Mobility (Photo source: Ion Mobility's Facebook)

Singapore-based electric motorbike startup Ion Mobility has secured $3.3 million in a seed round while supply chain technology startup Tramés has raised funding led by multi-family office Kamet Capital Partners.

Ion Mobility secures $3.3m seed round

Singapore-based smart electric motorbike startup Ion Mobility has secured $3.3 million in a seed round to launch products across Southeast Asia, starting with Indonesia. The participant investors are Monk’s Hill Ventures, TNB Aura, Village Global, 500 Startup’ Southeast Asia-focused 500 Durians fund, an AngelCentral syndicate, KipleX, and Seeds Capital.

According to the statement, the firm plans to launch the first EV motorbike in Indonesia by 2021. It also plans to expand the workforce and operations in Singapore, Jakarta, and Shenzhen. The company will use the new funding to expand market presence and develop the R&D, supply chain, and manufacturing capabilities.

The market opportunity for the motorbike industry in Southeast Asia is expected to hit $8.53 billion by 2023. Ion Mobility is targeting Indonesia, which is one of the biggest motorbike markets globally with motorcycle sales at 6.38 million units a year in 2019, per the company statement.

Ion Mobility was founded in 2019 by James Chan – a seasoned tech venture capitalist and the entrepreneur who co-founded Neoteny Labs, Silicon Straits, and Wecash; and Joel Chang, an automotive industry veteran from global EV brand Scorpio Electric.

Kamet Capital Partners backs Tramés

Singapore-based supply chain technology startup Tramés on Thursday announced that it has raised an undisclosed seed round led by multi-family office Kamet Capital Partners. The fresh funding will be used to build the team and further develop their product to better serve the SME market, it said in a statement.

“We have been seeing a more concerted push from our multinational clients to empower their trading partners and other SMEs to digitise, and we aim to add value to this space by providing our users access to the technology they need to do so,”  Tramés co-founder and CEO Kevin Lim said.

Its platform enables clients to streamline their operations through a blockchain-enabled document repository to facilitate collaborative drafting and confirmation of shipping documentation.

Kamet Capital is a multi-family office to a curated group of first-generation Asian founders and entrepreneurs based in Singapore.  

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.