Singapore-based Transcelestial, a wireless laser communication technology provider, has raised $7 million in fresh funding from a group of investors. Airbus Ventures, which first invested in the company in 2020, led the round with a $3 million capital injection. In comparison, the total funding raised by climate tech startups in 2021 stood at $607 million, our latest report on the sector shows. Climate tech funding in Southeast AsiaClimate tech investments are becoming a larger portion of overall private capital funding in the region, accounting for 7.8% of venture funding in the region in 2022, compared to 2.6% in 2021. Electric motorcycle manufacturer Scorpio Electric received $500k last week as part of a $6.75 million funding round announced earlier this month.
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