Trust level is highly likely to be safe
COMFORTDELGRO VENTURES PTE. LTD.
UEN:201840510K
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COMFORTDELGRO VENTURES PTE. LTD. has a TrustScore of 100. Businesses in this category exhibit exceptional reliability and credibility. They are highly trusted within their respective industries and provide a secure environment for transactions and engagements.
Our preliminary analysis has revealed key insights about COMFORTDELGRO VENTURES PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
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THE investment last week by transport operator ComfortDelGro Corporation (Comfort) into teleoperation company Ottopia marks the first by Comfort’s venture capital arm ComfortDelGro Ventures (CDG Ventures) in nearly four years. Investors may be wondering why it had taken the company this long to find another suitable target. The answer may lie in CDG Ventures’ structure. CDG Ventures was set up in 2019 with US$100 million. Since then, it has announced three other investments: in logistics startup Haulio, on-demand mobility startup Swat, and autonomous vehicle safety startup Foretellix. It has also put S$30 million towards an Autonomous Vehicle Centre of Excellence, and invested four million...
IT was with much aplomb back in 2016 when the Singapore government announced the third instalment of the Early Stage Venture Fund (ESVFIII) programme, targeted at encouraging local enterprises to set up their own corporate venture capital funds (CVCs). CapitaLand (now known as CapitaLand Investment), agriculture player Wilmar, digital business builder Declout and logistics player YCH Group jumped right in. But 6 years on, the CVC segment in the Singapore startup ecosystem hasn't been active. The scheme has only spurred 2 new CVCs - ST Engineering Ventures and Comfortdelgro Ventures, while the fate of the other 4 has been mixed.
Transport giant ComfortDelGro Corp, through its six-month-old US$100 million (S$137 million) corporate venture capital fund ComfortDelGro Ventures, has made three strategic investments in transport-related technology start-ups. The company said on Tuesday (June 4) that the start-ups are in the areas of on-demand bus technology, fleet management and autonomous vehicle safety testing. The first is an investment in home-grown Swat, a shared mobility technology company which took part in an on-demand bus trial here.
4 June 2019
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