A major movement

• 500-backed Singapore-based startup Haulio has announced a collaboration with shipping and logistics company CMA CGM to move containers in major Thailand inland corridors.
• Through this partnership, the startup is projecting a 200% quarter-on-quarter growth increase in transactions. It also expects to expand its network in Thailand.
• Haulio aims to scale up to over 1,000 hauliers and 20,000 trucks in the next one year to provide 100% coverage within the country.
• A representative of CMA CGM Thailand shared that using Haulio’s digital solutions will streamline and optimize haulage trips for its shippers. As a result, it will reduce carbon emissions from trucking containers.
• Read the full article on Yahoo! Finance here.

Joining forces

• 500-backed drone startup Aerodyne Group has launched a joint venture (JV) company in Thailand, Aerosky. This JV comprises Aerodyne and two Thai companies, AI and Robotics Ventures Company Limited (ARV) and Digital Creation Co Ltd (DC).
• The business will combine the strengths of each company — Aerodyne in drone services, ARV in artificial intelligence and robotics, and DC in machine learning and monitoring technologies. This makes Thailand the 35th country Aerodyne has expanded to.
• Together, the companies will provide drone-based enterprise solutions in infrastructure-led industries such as telecoms, electricity, and oil and gas across the Thai market.
• Aerosky will enable infrastructure inspection and monitoring to be of better quality, quicker, and at a lower cost. The services would also mitigate the risk of working at heights.
• Read the full article on Digital News Asia here.

Powering up the industry

• 500-backed used car trading platform Carsome has entered a partnership with Aspirasi, the micro-financing and micro-insurance provider under Axiata Digital. Together, they will offer data-backed digital financing solutions to used car dealers in Malaysia.
• According to Carsome, the collaboration aims to provide hassle-free and seamless financing solutions to dealers by requiring only minimal documentation. This will expedite approval and disbursement turnaround time.
• Co-founder and group CEO Eric Cheng said this partnership will empower used car dealers through financial inclusion and is estimated to benefit at least 2,500 of them.
• Read the full article on Paul Tan here.

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

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