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Week 42: Asia Startup Funding Led By Tessolve Semiconductor
Asia’s startup funding remained strong this week, with more than $353.73 million flowing into companies across semiconductors, robotics, electric mobility, AI, quantum computing and clean energy. India accounted for several of the largest rounds, while Chinese and South Korean companies attracted capital for robotics and advanced manufacturing.
## The Week’s Biggest Startup Funding Rounds
Here are the most notable startup funding announcements across Asia this week, ranked from highest to lowest.
### /1. Tessolve Semiconductor, $75 Million, Semiconductor Engineering, India
Indian semiconductor engineering company Tessolve Semiconductor raised $75 million in a funding round led by Vector Line Capital, with participation from existing investors TPG and Novo Tellus Capital Partners.
The company will use the capital to pursue strategic acquisitions, expand its semiconductor engineering services and strengthen its global presence as demand grows for chip design, testing and validation services.
### /2. Zhejiang Sankai Electromechanical, $70 Million+, Robotics, China
Chinese manufacturer Zhejiang Sankai Electromechanical secured more than $70 million in Series B funding to expand its production capacity and advance its robotics technology.
The company is developing precision gear reducers for humanoid robots, a critical component that enables controlled movement. The investment will support manufacturing expansion and further development of its robotics components.
### /3. GreenCell Mobility, $35 Million, Electric Mobility, India
Indian electric bus platform GreenCell Mobility, part of the Eversource Capital portfolio, secured an equity investment of ₹330 crore (about $35 million) from Impact Fund Denmark.
The funding will support the deployment of approximately 4,500 electric buses in the company’s order book. GreenCell aims to expand its fleet beyond 5,000 buses across 105 Indian cities, strengthening its position in the country’s electric public transport market.
### /4. Scimplify, $25 Million, Advanced Manufacturing, India
Bengaluru-based Scimplify raised $25 million in a funding round led by Hitachi Ventures.
The company will use the capital to expand its critical metals processing operations, scale its semiconductor and battery chemicals businesses, and strengthen SciNode, its AI-powered manufacturing platform.
### /5. Hurotics, $18.6 Million, Wearable Robotics, South Korea
South Korean wearable robotics startup Hurotics raised approximately $18.6 million in Series A funding led by Atinum Investment.
The company plans to expand its medical rehabilitation products into overseas markets and develop wearable robots designed to help people walk and perform everyday activities. The investment will support its efforts to bring robotic assistance into rehabilitation and daily mobility.
### /6. Nobikan Artificial Intelligence Technology, $16.3 Million, AI Infrastructure, China
Hong Kong-listed Nobikan Artificial Intelligence Technology secured approximately $16.3 million through a post-IPO equity placement.
The company plans to invest in core AI research, AI agent platforms, model-as-a-service offerings and computing infrastructure as it expands its artificial intelligence capabilities.
### /7. Shenzhen Ruoyu Technology, $13.8 Million, Robotics AI, China
Chinese robotics startup Shenzhen Ruoyu Technology raised $13.8 million in a Pre-Series A funding round led by Sunway Communication.
Jinmu Capital, Qindao Capital, Huanghai Capital and Zhongchuang Capital also participated. The company will use the funding to advance its robotics intelligence technology, strengthen real-world data collection and accelerate commercialisation.
### /8. Mesa School of Business, $12.7 Million, EdTech, India
Bengaluru-based Mesa School of Business raised $12.7 million (₹110 crore) in a Series A funding round co-led by Dharana Capital and existing investor Elevation Capital.
The company plans to integrate AI into its courses, introduce new programmes, strengthen its leadership team and expand partnerships with startups.
### /9. OQT, $10.5 Million, Quantum Computing, South Korea
South Korean quantum computing startup OQT secured $10.5 million in pre-Series A funding led by DSC Investment.
The company is developing error-tolerant quantum computers for industrial and research applications. The investment will support further development of its quantum computing systems and their potential commercial uses.
### /10. Spill Games, $10.5 Million, Mobile Gaming, India
Bengaluru-based mobile gaming startup Spill Games raised $10.5 million in a Series A funding round led by Elevation Capital. Existing investors Centre Court Capital and PeerCapital also participated.
The company develops casual, puzzle and hybrid-casual mobile games for international markets. It plans to use the capital to scale promising titles, develop new games, improve its technology and increase user acquisition.
### /11. MakeO, $10 Million, Dental Care, India
Indian dental care platform MakeO, the parent company of Singapore-based Zenyum, raised $10 million in a funding round led by Singularity AMC, with participation from funds and family offices.
Announced on 13 October 2026, the investment will support the group’s expansion across Asia, technology development and increased manufacturing capacity.
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