Under the hood of SEA’s EV sector

More: A co-founder of an Indian blockchain platform resigns and a micro VC firm launches a new fund. [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: - [The companies driving Southeast Asia’s EV ecosystem]( - Malaysian startup Curlec’s transition into a payment gateway for businesses - Other newsy highlights such as 5ire’s co-founder resigning under troubling circumstances and a new fund from an India-based micro VC firm --------------------------------------------------------------- Hello {NAME} Until recently, it seemed that the Singapore government wasn’t that enthusiastic about fully electric vehicles. Despite making strong pushes in other areas to drive environmental sustainability, there wasn’t much in the way of supporting EV adoption. The country didn’t have many charging stations, and buying an EV was just like purchasing any other car. That’s all since changed. I’ve noticed more charging stations in places like public housing car parks and shopping malls. Additionally, the government has implemented [attractive rebates]( to reduce the cost of getting an EV. That’s important in Singapore, where purchasing a new vehicle is extremely expensive. With these developments, I’ve noticed that EVs have become a little more mainstream. You never really saw Teslas on the road here before. Now, I see them almost every day. Just the other day, I drove past a huge banner - five or six storeys high - advertising an EV from Kia. That said, it’s also important to keep in mind that while the cars are definitely a flashy end product, there’s a whole ecosystem out there that needs to support the growth of the EV sector. Today’s story dives deeper into what that ecosystem looks like throughout Southeast Asia. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Mapping SEA’s electric vehicle players]( Though Thailand is the region’s biggest market for EVs, Singapore is home to the largest number of startups in the industry. --------------------------------------------------------------- TRENDING NEWS [Orderfaz raises pre-seed round from 1982 Ventures to boost social commerce]( The Indonesia-based startup aims to be “the evangelist of digital marketing and sales,” co-founder Reynaldi Gandawidjaja tells Tech in Asia. [Indian micro VC eyes $24.3m for pre-series A investments]( CapFort Ventures looks to invest in 40 startups, with a ticket size of up to US$729,000. [Razorpay launches payment gateway in Malaysia via Curlec]( Called Curlec by Razorpay, the service allows businesses to accept payments and automate payouts. [Co-founder of Indian crypto unicorn 5ire to depart over internal dispute]( Vilma Mattila said her resignation was due to “other co-founders making the management and financial decisions” without her consent. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [These firms have the most to gain from the AI boom]( Morgan Stanley has named the companies whose revenue is most closely tied to the AI sector, with firms from the US and Taiwan dominating the list. ---------------------------------------------------------------  SYNC 2023: CLIMATE TECH  Leading the path to sustainability with 7 years of carbon neutrality 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. SYNC 2023: Climate Tech is built on Tech in Asia’s seven years of environmental commitment and collaborative efforts with green tech companies. This invite-only event is also part of our continued efforts to innovate and deliver carbon-neutral initiatives responsibly. Find out more and apply for your ticket to SYNC [here](. Tell us why you want to get onboard our green journey to qualify for your invitation today! ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Founders Meetup: Thailand on July 26]( Want to be where Thailand’s founders converge? Join us at our networking event, which will be held on July 26 at theCOMMONS, Thonglor, 335/1 Sukhumvit 55 Klongton Nua, Wattana, Bangkok 10110 from 5:30 p.m. to 7:30 p.m. - [SYNC 2023: Climate Tech on August 21]( Do you want to make a positive impact on the fight against climate change? Join SYNC 2023 on August 21 at Singapore's green haven, Gardens by the Bay, to learn more about sustainable innovation and eco-friendly practices. Besides spotlighting climate tech via this invite-only event, Tech in Asia is committed to reducing our carbon footprint. Be part of this movement towards a sustainable future - send in your application for a SYNC 2023 ticket today! - [Tech in Asia Conference]( from October 18 to October 19 Do you see the light at the end of this funding winter’s tunnel? We do, and we believe Southeast Asia is that very light. That’s why this year’s Tech in Asia conference’s theme is Southeast Asia: A Bright Spot in the Tech World - signaling how the region can provide hope and guidance for the tech sector amid some troubling times. Hosted in Jakarta from October 18 to October 19, we’re excited to bring you a great lineup of speakers, thought-provoking sessions, and other activities. Click [here]( to get your early bird tickets. ---------------------------------------------------------------  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. - MindOS - [AI Agent Creator Platform MindOS Launches Open Beta]( Customizable AI agent creator platform MindOS is now open to all users. The open beta launch came as MindOS rolled out 6 new features. - CryptoCloud - [CryptoCloud Crypto Payment Gateway Now Available in The Philippines]( CryptoCloud is now processing cryptocurrency payments for businesses in the Philippines. That's excellent news for business owners in the country. - Averett - [Innovative 360 Video Conferencing: Redefining the Standard with 4K Resolution, AI Tracking, and Plug-and-Play Functionality]( Introducing the new Kandao 360-degree 4K all-in-one conferencecam. 4K HDR video, AI speaker tracking, and plug-and-play. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Pricing Analyst Intern]( at Propseller Singapore, Singapore - [Finance Lead (Contract Based)]( at Youtap Indonesia Jakarta, Indonesia - [Remote Full-stack JS Developer]( at Scopic Jakarta, Indonesia - [Marketing Communication Manager]( at Privy ID Jakarta, Indonesia - [Branch Manager - Kusuma Bangsa]( at Tunaiku Surabaya, Indonesia - [Financial Business Partner]( at Halodoc ID 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. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894