Amity secures investment from Krungsri Finnovate in Series D extension
Amity, a Thailand-founded technology group, has secured additional funding from Finnoventure Private Equity Trust I, a trust managed by Krungsri Finnovate, the corporate venture capital arm of Bank of Ayudhya. The investment extends Amity’s previously announced Series D round, which raised more than USD 100 million. The amount of the latest investment was not disclosed.
The earlier round was led by EDBI, part of Singapore’s SG Growth Capital, and co-led by Asia Partners and SMDV, with participation from other investors, including CMLIM Capital.
Amity develops and operates specialized artificial intelligence platforms for retail, customer communications, and enterprise operations. The company said its ecosystem serves more than 10 million monthly active users across over 20,000 organizations worldwide.
Beyond the investment, Amity and Krungsri are exploring commercial collaborations, including a preliminary data partnership involving Amity subsidiary EGG Digital. The companies aim to combine AI-powered analytics and customer insights to develop personalized consumer and business services.
Amity is also pursuing longer-term growth plans, including a potential IPO.
Econili raises additional funding from Vynn Capital
Econili Battery New Energy, a Malaysian lithium-ion battery recycler, has secured additional funding in an extension round led by Vynn Capital, bringing its cumulative funding to MYR 8 million (USD 2 million).
Based in Perak, Econili recycles end-of-life lithium-ion batteries and production scrap to recover critical minerals, including lithium, nickel, and cobalt, for use in battery manufacturing. The company reports annual processing capacities of 24,000 metric tons for battery treatment and 12,000 metric tons for critical mineral recovery.
Econili said its operations can supply recovered materials to global battery supply chains at operating costs 30–50% lower than those of Western counterparts.
The company opened its Ipoh plant in May 2024 following an initial investment of approximately MYR 50 million (USD 12.3 million). It also has plans for a second development phase in Gopeng, Perak.
Recent deals in mainland China:
- Guoke Xingqing, a Hangzhou-based satellite propulsion company, has raised nearly RMB 100 million (USD 15 million) cumulatively across multiple funding rounds. Its investors include a fund managed by Shanghai STVC Group, Hangzhou STI Group, Nanshan SEI Investment, Xingxiang Science and Technology Innovation, Guotai Haitong, and Simic Capital. The company develops Hall-effect electric propulsion systems for satellites. It said dozens of its systems are operating in orbit. The financing will support the development of new propulsion technologies and an automated production line designed to manufacture 1,000 systems annually. —36Kr
- Houmo.ai, a developer of AI chips for on-device and edge computing, has completed a Series B round, according to people familiar with the transaction. The financing attracted industrial, state-owned, and international capital, alongside additional investments from existing shareholders. Individual investors were not identified. Founded in 2020, Houmo.ai develops chips using compute-in-memory technology, which integrates data storage and processing to improve energy efficiency. The proceeds will support deliveries of its M50 chip, development of its next-generation M6X and 3D compute-in-memory chips, and expansion of its software ecosystem. —36Kr
- Qilinbo, a Chengdu-based developer of embodied intelligence software, has completed an eight-figure RMB angel round. Founded in December 2025, the company develops software for autonomous robot operation and coordination among multiple robots. The funding will support core technology development, team expansion, and commercialization. —36Kr
- Top Technology, a Foshan-based developer of high-energy-density lithium batteries, has completed an eight-figure RMB Series A round. Founded in 2019, the company develops lithium-rich manganese cathodes, silicon-carbon anodes, and solid-state battery technologies. Its batteries are used in drones, electric motorcycles, and other applications. The financing will support expansion of its 0.5-gigawatt-hour manufacturing facility in Huaibei, Anhui, which is scheduled to begin production in January 2027. —36Kr
- Sanlinglu, a Changzhou-based electric motor manufacturer, has raised more than RMB 100 million in a Series A round backed by CCB Beijing, Shenergy ICY Capital, Shenzhen HTI Group, JOUAV, Hermes Venture Capital, and other investors. The company develops axial-flux motors, which use a flat, disc-shaped configuration to improve power density and reduce size. Its products target automotive applications, humanoid robots, aerospace equipment, and liquid cooling systems. The proceeds will support R&D, product development, and manufacturing expansion. Sanlinglu is also building a separate production line capable of manufacturing 150,000 axial-flux motors annually. —36Kr
- ZhenTec, a Xi’an-based developer of brain-computer interface rehabilitation technology, has completed an eight-figure RMB Series B round backed by Zhangjiang Science and Technology Investment and a Cinda-affiliated fund. The investment marks its first funding from state-backed investors. Founded in 2018, ZhenTec develops noninvasive brain-computer interface systems that combine brainwave monitoring, virtual reality, and rehabilitation robotics to support neurological recovery. The company has obtained four Class 2 medical device registration certificates in China and said its products are used in more than 500 hospitals and community institutions. The proceeds will support Class 3 medical device registration, technology R&D, and expansion of its rehabilitation services network. —36Kr
- Zenlearn New Material, a Chinese manufacturer of advanced metal materials, has completed an eight-figure RMB Series A++ round, with Guoyuan Securities as the sole investor. This marks the company’s third financing round within six months, following a Series A round exceeding RMB 100 million and an eight-figure RMB strategic investment. Zenlearn specializes in austempered ductile iron, a heat-treated cast iron material used in automotive gears, transmissions, chassis components, and heavy machinery. The proceeds will support production expansion, manufacturing process improvements, and commercialization across passenger vehicles, commercial vehicles, and construction equipment. —36Kr
- Transtreams, an AI chip developer originating from Kuaishou’s semiconductor division, has completed a RMB 1 billion (USD 149.6 million) Series B round jointly led by a fund under E-Town Capital, Qiming Venture Partners, and Aurora Capital. Other institutional and industrial investors participated, while existing shareholders also reinvested. Established as an independent company in 2024, Transtreams develops specialized processors for intelligent video and generative AI workloads. Its chips have been deployed by internet platforms including Kuaishou, Alibaba Cloud, and Baidu AI Cloud. The financing will support next-generation chip development, mass production, and international expansion. —36Kr
- Emergence Synbio, a Shenzhen-based synthetic biology company, has raised RMB 50 million (USD 7.5 million) in an angel round from Shunwei Capital and Yunmu Capital. The company develops an AI-oriented biological data production platform combining DNA synthesis, experimental testing, and dataset preparation. Its proprietary DNA assembly technology uses reusable sequence modules rather than assembling individual nucleotides sequentially, with the aim of reducing synthesis costs and improving throughput. The proceeds will support production of high-value datasets, expansion of DNA synthesis capacity, and further development of its automated data production infrastructure. —36Kr
- Sage Intelligent Technology, a Shanghai-based industrial robotics company, has completed a nine-figure RMB pre-Series B round backed by JIC Investment, Nantong Investment Management, and Yunqi Partners. Founded in 2017, the company develops industrial robots with one, two, four, or six arms, alongside AI software for coordinating complex manufacturing tasks. Its six-arm robot is designed to serve multiple workstations, while its SageNexus industrial world model combines visual, sensory, and process data to support robotic task execution. The financing will support AI model R&D, robot upgrades, production expansion, and international market development. —36Kr
Hello Group, Multipolitan, CoverGo, and others made recent headlines:
- Hello Group, the Nasdaq-listed operator of social and entertainment platforms, acquired a majority stake in Inner Circle, an Amsterdam-founded dating app. Financial terms and the exact ownership stake were not disclosed.
- Multipolitan, a Singapore-based mobility tech company, raised USD 2 million in a seed round led by EmergentX. The funding was secured at a pre-money valuation of USD 25 million.
- CoverGo, an insurance technology company operating across international markets, raised USD 6 million in the initial close of its Series B1 round. Betatron Venture Group led the financing, with participation from existing and new investors whose identities were not disclosed.
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Note: MYR, RMB figures are converted to USD at rates of MYR 4.06 = USD 1 and RMB 6.69 = USD 1 based on estimates as of November 10, 2026, unless otherwise stated. USD conversions are approximate and, where appropriate, rounded for ease of reference. They may not fully match prevailing exchange rates.