SingAuto, a leading cold chain logistics technology firm based in Singapore, has successfully closed a funding round exceeding US$50m. This capital injection aims to accelerate the company’s global expansion, enhance localised assembly operations in international markets, and advance research and development for next-generation refrigerated electric vehicles (EVs).
Key investors in this funding round include GSR Vision Capital, Delu Capital, Bank of China Asset Management Singapore, and BBG Global. MVGX Tech and Startech Global Ventures are also participating as both investors and strategic partners, offering synergies to support SingAuto’s technological innovation and global reach. The milestone was celebrated with a Strategic Investment Signing Ceremony at the Fullerton Hotel in Singapore, attended by government representatives and financial institutions.
Chris Chen, co-founder of SingAuto, expressed confidence in the company’s vision, stating, “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.” He emphasised the company’s strong position to execute its global market strategy, including establishing localised assembly operations and accelerating R&D for next-generation vehicles.
A spokesperson from GSR Vision Capital highlighted the importance of cold chain logistics in ensuring food safety and pharmaceutical integrity. “SingAuto’s innovative model combining advanced EV technology with scalable cold chain solutions positions it strongly to capture growth opportunities in Asia and beyond,” they said.
During the ceremony, a roundtable discussion explored themes such as the role of finance in scaling cold chain innovation, the importance of strategic capital, and the integration of sustainable practices in decarbonising logistics. This funding round marks a significant step for SingAuto as it aims to become the world’s leading cold chain technology company.
