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SINGAPORE, Sept. 26, 2025 /PRNewswire/ -- SINGAUTO, a global leading cold chain logistics technology company headquartered in Singapore, today announced the successful closing of a funding round exceeding US$50 million. The capital will be used to accelerate global expansion, strengthen localized assembly operations in international markets, and advance research and development for next-generation refrigerated electric vehicles (EVs).
Key investors in this round include GSR Vision Capital, Delu Capital, Bank of China Asset Management (Singapore) and BBG Global. MVGX Tech, and Startech Global Ventures, are participating as both investors and strategic industry partners, providing synergies that will support SINGAUTO's technology innovation and global expansion.
The milestone was commemorated with a Strategic Investment Signing Ceremony held at the Fullerton Hotel in Singapore, attended by distinguished representatives from the Singapore government, alongside prominent financial institutions and investment banks.
Chris Chen, Co-founder of SINGAUTO, said, "The success of our latest financing round, which exceeded US$50 million, is a powerful testament to the potential of our vision and our team. Looking ahead, our 'technology + capital' approach continues to gain momentum as we expand our capabilities. We are now in a strong position to execute our global market strategy, such as by establishing localized assembly operations in key international markets globally and accelerating R&D for next-generation vehicles. With this vote of confidence from our partners, we look forward to realizing our vision and becoming the world's leading cold chain technology company."
Investors also highlighted their confidence in the company's strategy. A spokesperson from GSR Vision Capital commented: "Cold chain logistics plays a vital role in ensuring food safety and pharmaceutical integrity during transportation and storage. SINGAUTO's innovative model, combining advanced EV technology with scalable cold chain solutions, positions it strongly to capture growth opportunities in Asia and beyond. We are excited to support their journey."
At the ceremony, a roundtable discussion took place where industry leaders explored some of the key themes shaping the cold chain logistics sector. Topics included the role of finance in scaling cold chain innovation, the importance of strategic capital in supporting high-growth enterprises and enabling global expansion, the rapid growth of demand across Southeast Asia, the critical role of innovation and technology in overcoming cold chain technology sector challenges, and the integration of sustainable practices and green finance in decarbonizing logistics.
SINGAPORE, Sept. 26, 2025 /PRNewswire/ -- SINGAUTO, a global leading cold chain logistics technology company headquartered in Singapore, today announced the successful closing of a funding round exceeding US$50 million. The capital will be used to accelerate global expansion, strengthen localized assembly operations in international markets, and advance research and development for next-generation refrigerated electric vehicles (EVs).
Key investors in this round include GSR Vision Capital, Delu Capital, Bank of China Asset Management (Singapore) and BBG Global. MVGX Tech, and Startech Global Ventures, are participating as both investors and strategic industry partners, providing synergies that will support SINGAUTO's technology innovation and global expansion.
The milestone was commemorated with a Strategic Investment Signing Ceremony held at the Fullerton Hotel in Singapore, attended by distinguished representatives from the Singapore government, alongside prominent financial institutions and investment banks.
Chris Chen, Co-founder of SINGAUTO, said, "The success of our latest financing round, which exceeded US$50 million, is a powerful testament to the potential of our vision and our team. Looking ahead, our 'technology + capital' approach continues to gain momentum as we expand our capabilities. We are now in a strong position to execute our global market strategy, such as by establishing localized assembly operations in key international markets globally and accelerating R&D for next-generation vehicles. With this vote of confidence from our partners, we look forward to realizing our vision and becoming the world's leading cold chain technology company."
Investors also highlighted their confidence in the company's strategy. A spokesperson from GSR Vision Capital commented: "Cold chain logistics plays a vital role in ensuring food safety and pharmaceutical integrity during transportation and storage. SINGAUTO's innovative model, combining advanced EV technology with scalable cold chain solutions, positions it strongly to capture growth opportunities in Asia and beyond. We are excited to support their journey."
At the ceremony, a roundtable discussion took place where industry leaders explored some of the key themes shaping the cold chain logistics sector. Topics included the role of finance in scaling cold chain innovation, the importance of strategic capital in supporting high-growth enterprises and enabling global expansion, the rapid growth of demand across Southeast Asia, the critical role of innovation and technology in overcoming cold chain technology sector challenges, and the integration of sustainable practices and green finance in decarbonizing logistics.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SINGAUTO Secures Over US$50 Million to Accelerate Global Expansion in Cold Chain Logistics
Over 15,000 visitors to the INCHEON–IFEZ Booth; IFEZ supported a record 50 innovation companies participating in CES 2026.
Participating companies secure a foundation for global expansion, including 20 MoU signings.
INCHEON, South Korea, Jan. 16, 2026 /PRNewswire/ -- The Incheon Free Economic Zone (IFEZ) announced the successful operation of the INCHEON–IFEZ Booth at CES 2026, presenting IFEZ's future-city vision and the technologies of Incheon-based innovators to a global audience.
Under the theme "Destination Incheon — From Smart City to AI City," the booth highlighted a sustainable urban future enabled by Incheon companies' innovations and drew more than 15,000 visitors, according to IFEZ.
During CES 2026, IFEZ also met with the Fairfax County Economic Development Authority (FCEDA) to discuss support measures and collaboration models for helping Incheon startups enter the U.S. market. The two sides plan to develop practical joint programs through continued cooperation.
IFEZ supported a record 50 companies at CES 2026 across multiple participation tracks, dividing them across various exhibition areas: 10 companies in the 'INCHEON-IFEZ' Booth at the Las Vegas Convention Center, 10 in the Korea pavilion (KOTRA) at the Eureka Park, 6 in the Global Pavilion, and 15 as the Incheon Startup Park Delegation and 10 Innovation Award showcase participants.
These companies achieved record-breaking results, conducting 1,419 business consultations with overseas buyers and investors, with the estimated value of export consultations reaching $560 million—more than 400 additional meetings compared to last year. In addition, nine companies signed 20 MOUs, building momentum for global expansion and investment opportunities.
Leadpoint System, a smart manufacturing and industrial automation solutions provider, signed an MOU with Webtronic Labs, a U.S.-based technology R&D company.
emCT, which specializes in fire detection and safety management solutions, signed an MOU with Texas Legacy Realty, a Texas-based real estate development and operations company, to pursue collaboration on applying fire safety and "safe zone" solutions in commercial and residential buildings.
Medicell Healthcare, a regenerative medicine and bio-healthcare solutions company, signed an MOU with the City of Phoenix, Arizona's largest city, and discussed cooperation on technology collaboration and local proof-of-concept initiatives in public healthcare.
IFEZ said 14 supported companies earned 17 CES Innovation Awards, the highest total to date for Incheon, drawing strong interest from global buyers and investors. Deep Fusion AI received a Best of Innovation honor for its radar-based sensor-fusion AI technology, gaining attention in next-generation autonomous driving and robotic perception.
Mayor Yoo Jeong-bok said the CES participation advanced the Incheon–IFEZ AI City vision on the global stage and pledged continued support to expand Incheon companies' international reach and strengthen Incheon as a global business hub.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
INCHEON-IFEZ Booth Wraps Up a Successful CES 2026, Recording $560M in Export Consultations and 17 Innovation Awards
