High Tech > Asia

BeliMobilGue raises $10M for its used-car sales platform in Indonesia

2 monthes ago   |   By TechCrunch

BeliMobilGue , a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia's largest economy.
The company was started in 2017 as a joint venture between Europe's Frontier Car Group and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said today that the capital came from FCG and new investors, which include Tunas Toyota - the authorized dealership for Toyota cars in Indonesia.
It's worth noting that FCG itself is a venture which, as the name sounds, develops on automotive ventures in...
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Car rental startup Virtuo picks up €20M Series B

Car rental startup Virtuo picks up €20M Series B

2 monthes ago   |   By TechCrunch

Virtuo , the Paris-headquartered car rentals startup, has raised €20 million in Series B funding. The round is backed by Iris Capital, Balderton Capital and Raise Ventures, and will be used to continue expanding across the U.K. and other European countries.
Originally founded in France and available in 19 French and 2 Belgium locations, Virtuo launched in London last Summer, and says it plans to bring the service to U.K. cities Manchester, Bristol and Edinburgh later this year.
The company will also expand to Spain and Germany in 2019, creating what Virtuo claims will be a “truly...
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