This deeptech firm sees electrifying opportunities on the horizon

More: Indonesian fintech firm raises $100m from US debt provider. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [This profitable deeptech firm’s US$1 billion bet on recycling EV batteries]( - How Carsome boosted its liquidity to US$200 million with latest fundraise - Other newsy highlights such as Indonesian fintech firm Amartha raising US$100 million from a US debt provider --------------------------------------------------------------- Hello {NAME} “It is definitely true that the fundamental enabling technology for electric cars is lithium-ion... In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car,” Elon Musk, CEO of electric vehicle (EV) maker Tesla said in 2008. Over 10 years later, he would even claim that "lithium batteries are the new oil" in the context of security and energy independence on Twitter, the microblogging platform he bought in a contentious US$44 billion deal in 2022. Riding on its importance to sustainability, EVs have been all the rage lately. Countries across the globe are accelerating the transition to EVs through generous initiatives aimed at manufacturers and consumers. However, a peek under the hood would reveal the dark inner workings of the EV world. From unethical sourcing like how cobalt is mined by child laborers in the Democratic Republic of the Congo to lithium mining's negative impact on Chile’s Atacama desert, matters aren’t as rosy as it may seem at first glance. Here’s where India-based Attero is looking to leave its mark. Though the profitable deeptech firm threw its hat into the business of recycling lithium-ion batteries only recently, it has already laid the foundations for its ambitious global plans. Read today’s featured piece to find out how Attero plans to become a “significant player in the battery material supply chain globally” through its patented tech, which it claims can recover over 98% of pure battery-grade lithium carbonate, cobalt, nickel, and graphite. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [This profitable firm’s $1b bet on recycling relies on Indonesia, EV batteries]( After 100% revenue growth in 2022, India-based Attero is looking at lithium-ion batteries as its new moneymaker. --------------------------------------------------------------- TRENDING NEWS [ID fintech firm Amartha raises $100m from US debt provider]( The Indonesian startup said it has disbursed over US$800 million in working capital loans to 1.6 million MSMEs, most of which are women-led. [Carsome boosts liquidity to $200m with latest raise]( Existing backers like 65 Equity Partners and Qatar Investment Authority participated in this round, along with new investor EvolutionX Debt Capital. [Animoca Brands, Mitsui team up for Web3 boost in Japan]( The pair said they will develop collaborative businesses through the partnership, which also involves Mitsui investing in Animoca. [JD.com plans to launch 3 new $140b-revenue firms]( The goal falls under the company’s “35711 Vision,” which outlines its path for growth through 2043. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Capital SEA: Southeast Asia’s funding landscape]( Who are the new active investors on the block? Which funding rounds look like outliers? This visual story answers all this and more. ---------------------------------------------------------------  SYNC 2023: CLIMATE TECH  Join industry leaders and uncover innovative solutions for a greener future SYNC is back this year with a first-of-its-kind gathering that spotlights Asia's climate tech leaders. Mark your calendar for August 21, 2023 and join us at the iconic Gardens by the Bay in Singapore for our annual tech summit. At this invite-only event, the region’s brightest minds and experts will tackle the industry’s latest challenges and trends, sharing insights that can help you embrace the game-changing potential of climate tech, form strategic partnerships, and propel your business forward. Find out more about SYNC 2023: Climate Tech and sign up for an invitation [here](. Hurry, only 100 applicants will be accepted - get your golden ticket now! ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this form](. Our team will get back to you by the next business day. - MyStorage - [MyStorage disrupts the storage industry in Vietnam with a high-tech approach]( On top of offering 5-star storage & moving solutions, MyStorage has focused on delivering seamless online features that take the storage experience in Vietnam to a whole new level. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Vietnam on June 28]( Our networking event, Founders Meetup: Vietnam, is happening in Ho Chi Minh City on June 28 at The Sentry, 2/F Sonatus Building. Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! - [SYNC 2023: Climate Tech on August 21]( Join an elite league of founders, investors, researchers, corporate leaders, and more at SYNC 2023 in Singapore. Build powerful alliances, explore possibilities, and gain insights from Asia’s top minds at this invite-only event, which will be held on August 21 at the iconic Gardens by the Bay. Want to score a ticket? Submit your application today to claim your spot among the industry's best and brightest! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Valuations and Strategy Manager]( at Propseller Singapore, Singapore - [Showwcase Elite - System Architect]( at Showwcase Kuala Lumpur, Malaysia - [Lead Software Quality Assurance]( at Cermati Jakarta, Indonesia - [Business Development Manager]( at HashMicro Jakarta, Indonesia - [IT Infrastructure Supervisor]( at PT Wahana Semesta Ilmu Indonesia Bulk Terminal, Indonesia - [SENIOR GoLang Dev]( at PT. Alpha Indo Soft Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. 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