Focusing on new energy cold chain logistics, Xinya Technology completes a strategic round of financing exceeding $50 million | Exclusive from 36Kr

36Kr has learned that Singaporean cold-chain logistics technology company SINGAUTO recently completed a strategic round of financing exceeding $50 million.

The shareholders in this round include Jinshajiang Hongyu Capital, Delu Capital, Bank of China Asset Management (Singapore), and BBG Global. MVGX Tech and Golden Star Creation Group Investment Company (Indonesia) not only participated as investors but are also industrial strategic partners. They will support SINGAUTO's technological innovation and global market expansion through industrial synergy. The funds from this round of financing will be mainly used for the company's global market expansion and continuous product R & D.

SINGAUTO was founded in March 2023, with its global headquarters in Singapore. It has established a company in the Middle East in Dubai and set up a regional headquarters and a KD assembly plant in the Lingang New Area of Shanghai. Notably, the company previously signed a long - term agreement with the Khalifa Economic Zone in Abu Dhabi to build a production base in the Middle East, forming a global layout covering Asia and radiating to Europe and Africa.

SINGAUTO currently features the new - energy cold - chain vehicle S1, which is mainly designed for high - standard application scenarios such as food, fresh food e - commerce, catering, and medicine. It integrates cutting - edge technologies such as multi - temperature zone management, long - range endurance, and intelligent driving.

This vehicle has a storage capacity of over 18m³, is equipped with a lithium iron phosphate battery pack of 80 - 165kWh, and offers a cruising range of 260 - 400km. The S1 supports both charging and battery - swapping energy replenishment modes. It only takes 40 minutes for a fast charge from 0 to 80%, and the battery - swapping mode only takes 5 minutes. In the future, SINGAUTO's R & D will focus more on reducing energy consumption.

Founder Liu Yuqiang told 36Kr that the S1 model has completed the phased prototype testing and is expected to be put into use in 2026. SINGAUTO currently has 3 - 4 assembly bases around the world. After the production capacity ramps up, the annual production capacity of the S1 is expected to reach 50,000 units.

Currently, the S1 model of SINGAUTO has received 14,000 letters of intent. The customers are mainly from regions such as China, South Korea, Singapore, and Malaysia, including large logistics enterprises such as Superexpress and New Hope. While accumulating initial orders, Liu Yuqiang also revealed that the company's business model is not limited to vehicle sales. In the future, it will expand value - added services such as finance, after - sales, charging networks, and carbon credits around the vehicles to build a cold - chain ecosystem.

Liu Yuqiang said that new - energy intelligent cold - chain logistics vehicles have a considerable market prospect.

Singapore and other Southeast Asian regions have high temperatures all year round, resulting in a large demand for food preservation. At the same time, Singapore's new - energy strategy is more aggressive, planning to completely replace fuel - powered vehicles by 2030. Both policies and market demand point to the explosion of new - energy logistics cold - chain vehicles.

SINGAUTO started researching and developing new - energy intelligent cold - chain logistics vehicles in 2023 and now has more than 120 patents. The S1 model not only has the function of heating and cooling insulation but also adopts technologies and configurations such as heat - insulating glass and real - time temperature monitoring, which can well meet the market demand for new - type cold - chain logistics vehicles.

Liu Yuqiang said that there are currently no other competitors in the new - energy cold - chain logistics vehicle field. SINGAUTO has accumulated some data and service models and has unique market advantages.

Regarding SINGAUTO's future development, he told 36Kr that promoting mass production and commercialization is the top priority. When the product sales reach 20,000 units, the company will be able to achieve break - even and enter a new stage of enterprise development.