A new challenger on the EV scene

More: Carro hits a quarterly high and Alibaba wasn’t a slouch either. [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 e-bike startup charging into Southeast Asia’s EV battlegrounds]( - The extra US$500,000 Baskit has to propel its growth - Other newsy highlights such as Carro’s best quarterly financial results and Alibaba’s 70% year-on-year surge in income --------------------------------------------------------------- Hello {NAME} Sometimes when I read about startups, I think about the kinds of content they could put out and whether it would be compelling. For example, as much as I enjoy the fun and convenience that ecommerce offers, my brain shuts down in protest at the thought of trying to find a thousand different ways to say “here’s a discount, please buy.” On the other hand, any firm that’s in the sustainability game has great content potential in my opinion - mainly due to the worthwhile cause they are pursuing. Thinking about how they go about fighting against the ever-increasing wave of consumerism also brings up its fair share of intriguing angles and ideas. With that in mind, let’s take a look at the story of Charged Asia, a Singapore-headquartered manufacturer of electric motorcycles. -- Winston  ---------------------------------------------------------------  THE BIG STORY [Last to start, but first on road: New Singapore e-bike maker heats up EV race]( Charged Asia, which has a zero-emissions facility in Indonesia, says it has sold nearly 1,000 bikes since December 2022. --------------------------------------------------------------- TRENDING NEWS [Baskit banks seed round extension from Korea Investment Partners]( The Indonesia-based B2B ecommerce company plans to use the funds to expand its operations. [Carro hits $11m in Q1 EBITDA, its highest-ever quarterly profits]( According to the used-car marketplace, its annualized EBITDA run-rate is over 10x what it achieved for the entire FY2023. [Alibaba posts solid 70% income growth in latest quarter]( Its international digital commerce arm, which houses Lazada, recorded the largest revenue growth of 41%. [How far has cultivated meat come in a decade?]( The first two cultivated burgers cost US$330,000 to make in 2013, and while the price has fallen, very few people have ever tried cultivated meat. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Alibaba’s financial health in 5 charts]( We visualize the latest financial figures reported by the Chinese internet giant. --------------------------------------------------------------- TECH IN ASIA CONFERENCE 2023  Showcase your startup at Startup Factory It’s always nice to know there’s someone fighting the good fight alongside you. What better way to see that for yourself than by getting a spot at this year’s Startup Factory? As one of our highlighted segments at the annual Tech in Asia Conference, Startup Factory gives you the chance to show off your innovative products and services to thousands of attendees and potential investors. To apply for a place alongside more than 100 startups such as Teduh, Meiro, ComeBy, Easy Me, and Fito, click [here](. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [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 limited first-release tickets.  - [Tech in Asia’s Founders Meetup: India on August 25]( Do you want a closer look at India’s tech scene? Discover the hidden gems of India’s startup ecosystem at our networking event on August 25 at Byg Brewski (9, 36, 4th Floor, Vaishnavi Sapphire Centre, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeswanthpur, Bengaluru, Karnataka 560022) from 5:30 p.m. to 7:30 p.m. Whether you’re facing roadblocks in funding or talent acquisition, connect with fellow founders and find solutions to your most pressing issues while offering your own expertise. Don’t miss out - [sign up now]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Backend Developer (Praktis)]( at Dealls Jakarta, Indonesia - [Key Account Manager (Electronic Category)]( at SCI Ecommerce Jakarta, Indonesia - [Business Development Executive (Singaopore Based)]( at Boleh Dicoba Digital Singapore, Singapore - [QA Lead]( at TLab Yogyakarta, Indonesia - [IT Support (PARKEE)]( at Bina Nusantara Group Jakarta, Indonesia - [System Administrator]( at SIGMATECH 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? 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