{"id":113,"date":"2021-02-17T00:00:00","date_gmt":"2021-02-17T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-193-singapore-to-phase-out-petrol-cars-shipping-for-merchants-made-easy-big\/"},"modified":"2021-08-03T08:58:56","modified_gmt":"2021-08-03T08:58:56","slug":"durians-daily-193-singapore-to-phase-out-petrol-cars-shipping-for-merchants-made-easy-big","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=113","title":{"rendered":"Daily Markup #193: Singapore to phase out petrol cars; Shipping for merchants made easy; Big investments for Indonesian entrepreneurs"},"content":{"rendered":"<p><strong>Charging up the EV industry<\/strong><\/p>\n<ul>\n<li>In a Budget speech last year, it was <a href=\"https:\/\/vulcanpost.com\/731209\/how-close-is-singapore-to-phasing-out-petrol-cars-2040\/\" target=\"_blank\" rel=\"noopener\">announced<\/a> that Singapore will phase out petrol cars by 2040.<\/li>\n<li>In achieving this goal, the government has worked with industry players such as Electric Vehicle (EV) startups, charging point providers, and parking lot owners.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1000\" data-height=\"667\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dbaf82620.jpg\"><figcaption class=\"wp-caption-text\">Credit: Ion\u00a0Mobility<\/figcaption><\/figure>\n<ul>\n<li>One such startup is 500-backed electric motorcycle startup <a href=\"https:\/\/www.ionmobility.asia\/\" target=\"_blank\" rel=\"noopener\">Ion Mobility<\/a>. Co-founder and CEO James Chan said as part of the government\u2019s efforts, it has received additional grants and support in developing its in-house research and development capabilities and building its supply chain and manufacturing capabilities.<\/li>\n<li>\u201cI believe with the right measures, such as expanding the charging infrastructure and providing additional incentives, we will gradually see a shift towards adoption of EVs in Singapore,\u201d said James.<\/li>\n<\/ul>\n<p><strong>Delivering a partner-ship<\/strong><\/p>\n<ul>\n<li>Adobe has <a href=\"https:\/\/www.bloomberg.com\/press-releases\/2021-02-12\/adobe-collaborates-with-easyship-to-improve-shipping-solutions-for-merchants\" target=\"_blank\" rel=\"noopener\">collaborated<\/a> with 500-backed shipping startup <a href=\"https:\/\/www.easyship.com\/\" target=\"_blank\" rel=\"noopener\">Easyship<\/a> to improve shipping solutions for its merchants.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1024\" data-height=\"576\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dbafe3eac.jpg\"><figcaption class=\"wp-caption-text\">Credit: MarTech\u00a0Cube<\/figcaption><\/figure>\n<ul>\n<li>Easyship is one of the two selected automated shipping and fulfillment solutions on Magento, Adobe\u2019s eCommerce platform.<\/li>\n<li>Through this partnership, Magento merchants will have ownership of the entire shipping process and be able to increase conversions by gaining access to affordable multi-carrier solutions from around the world.<\/li>\n<li>Easyship\u2019s services also enable merchants to gain insights into their business trends and operate with 24\/7 support.<\/li>\n<\/ul>\n<p><strong>A big win<\/strong><\/p>\n<ul>\n<li>Investment network startup <a href=\"https:\/\/www.angin.id\/\" target=\"_blank\" rel=\"noopener\">ANGIN<\/a> closed <a href=\"https:\/\/www.linkedin.com\/posts\/angin-angel-investment-network-indonesia-_after-reflecting-on-our-activities-and-learnings-activity-6767020738663866368-LYSq\/\" target=\"_blank\" rel=\"noopener\">2020<\/a> with US$2.5 million across 10 investments after screening fundraising proposals from more than 1,500 enterprises.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1013\" data-height=\"697\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dbb0405b5.jpg\"><figcaption class=\"wp-caption-text\">Credit: DealStreetAsia<\/figcaption><\/figure>\n<ul>\n<li>Its consulting arm, ANGIN Advisory, has also delivered more than 18 projects, supporting entrepreneurs in many regions in Indonesia and engaging with clients worldwide.<\/li>\n<li>Get all the numbers <a href=\"https:\/\/www.linkedin.com\/posts\/angin-angel-investment-network-indonesia-_after-reflecting-on-our-activities-and-learnings-activity-6767020738663866368-LYSq\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7dbb08b28e.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s 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.<\/p>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charging up the EV industry In a Budget speech last year, it was announced that Singapore will phase out petrol cars by 2040. In achieving this goal, the government has worked with industry players such as Electric Vehicle (EV) startups, charging point providers, and parking lot owners. Credit: Ion\u00a0Mobility One such startup is 500-backed electric [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2072,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[419,359,418],"class_list":["post-113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-angin","tag-easyship","tag-ion-mobility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #193: Singapore to phase out petrol cars; Shipping for merchants made easy; Big investments for Indonesian entrepreneurs - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=113\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #193: Singapore to phase out petrol cars; Shipping for merchants made easy; Big investments for Indonesian entrepreneurs - Markup\" \/>\n<meta property=\"og:description\" content=\"Charging up the EV industry In a Budget speech last year, it was announced that Singapore will phase out petrol cars by 2040. In achieving this goal, the government has worked with industry players such as Electric Vehicle (EV) startups, charging point providers, and parking lot owners. 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