Asia Startups Raised $175 Million in Week 39, Led by Ultraviolette

Asia's startups raised $175.48 million across the week's disclosed rounds, with Bengaluru-based electric mobility company Ultraviolette accounting for almost half the total. The money spread across electric mobility, enterprise AI, fintech, semiconductors, robotics, and healthtech, according to Techloy's weekly funding tally.

India produced the region's two largest deals. Singapore, Japan, Malaysia, and Vietnam also attracted new capital, much of it aimed at AI infrastructure and next-generation technologies.

Ultraviolette tops the table with $85 million

Ultraviolette, the Bengaluru electric mobility startup, raised $85 million in a round led by Yali Capital and TDK Ventures. Lip-Bu Tan and existing investors also participated, Techloy reports.

The company plans to put the capital to work on three fronts: scaling EV production, developing next-generation electric vehicle platforms, and expanding into international markets.

The size of the round signals continued investor appetite for India's electric vehicle sector, where manufacturing scale and export ambitions have become the key markers separating funded players from the rest of the field.

Moneyview pulls in $38.3 million ahead of IPO

Digital lending platform Moneyview raised ₹327.5 crore, roughly $38.3 million, from anchor investors ahead of its planned initial public offering. The round drew a heavyweight institutional lineup: SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs, Amundi Funds, and several other institutional investors.

Anchors committing at this stage of a pre-IPO window typically signal pricing confidence. For Moneyview, the breadth of the roster — spanning Indian asset managers and global firms — broadens the shareholder base ahead of its market debut.

iPiD closes $16 million Series A

Singapore-based payment intelligence company iPiD secured $16 million in Series A funding led by Foundation Capital. Citi, HSBC, QED Investors, Monk's Hill Ventures, and Quona Capital also participated.

iPiD will use the funding to expand into the US and Europe while strengthening payment verification tools for traditional payment rails, stablecoins, and digital assets, Techloy reports.

The round reflects a broader pattern in Asian fintech: capital flowing toward infrastructure that bridges conventional banking systems and digital-asset networks, rather than consumer-facing products. Backing from Citi and HSBC gives iPiD two of the world's largest payment-rail operators as investors and, implicitly, as validation.

What the week signals

Three deals — one EV manufacturer, one lender, one payments infrastructure firm — took the lion's share of the $175.48 million total. India claimed the top two slots, reinforcing its position as Asia's dominant destination for late-stage capital this week, while Singapore's iPiD shows the city-state competing on specialized financial infrastructure rather than scale.

With Moneyview's IPO on the calendar and Ultraviolette targeting international markets, the coming quarters will test whether this week's largest recipients can convert fresh capital into public-market listings and cross-border revenue.