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- SingAuto
SingAuto Acquisition, Valuation, Funding & Investors
SingAuto was acquired by Blueport Acquisition for $1.2B in April 2026.
Cumulative funding SingAuto raised
$95M
across 2 funding rounds
Key investors in SingAuto
GoldenSand Capital
Bank of China Investment Management
Sinarmas
BBG Global
Delu Capital
Jinshajiang Hongyu Capital
MetaVerse Green Exchange
Startech global ventures
About SingAuto
SingAuto is a Singapore-headquartered developer of new-energy intelligent refrigerated vehicles for last-mile logistics. It integrates aided driving, IoT sensors, and full-stack software for temperature-controlled transport, building an ecosystem for commercial fleets.
Founded
2023
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.2B (acquired Apr 2026)
SingAuto Acquisition
SingAuto was acquired by Blueport Acquisition for $1.2B on 30 April 2026.
Before the acquisition SingAuto had raised $95M across 2 funding rounds.
Blueport Acquisition Ltd (Nasdaq: BPAC) entered into a definitive business combination agreement with SingAuto Inc., a global green cold-chain logistics innovator specializing in electric commercial vehicles. The transaction values SingAuto at $1.2 billion and is structured as a stock-for-stock merger whereby SingAuto shareholders will receive approximately 120 million ordinary shares of the new publicly listed company (PubCo) at an implied valuation of $10.00 per share. The deal employs a two-step merger structure consisting of a Reincorporation Merger followed by an Acquisition Merger, with SingAuto becoming a subsidiary of the surviving Purchaser. Consideration is entirely equity-based with no cash component. The transaction marks Blueport's strategic entry into the electric commercial vehicle and green cold-chain logistics sector. The deal reflects market confidence in SingAuto's technology and operational capabilities within the sustainable logistics space. Closing is expected by the end of 2026, subject to regulatory approval, SEC review, Nasdaq listing requirements, and shareholder approvals. The transaction structure includes customary lock-up provisions typical of SPAC de-SPAC combinations.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 30 Apr 2026 | Strategic M&A | $1.2B |
SingAuto Funding History
SingAuto has raised a total of $95M across 2 funding rounds.
SingAuto's first fundraising round was a $45M Series A in February 2024. The most recent completed round was a $50M undisclosed-stage round in September 2025.
SingAuto funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2025 | Undisclosed stage | GoldenSand Capital; Delu Capital; BBG Global; Jinshajiang Hongyu Capital; Bank of China Investment Management; Sinarmas; Startech global ventures; MetaVerse Green Exchange | $50M | SingAuto is a Singapore-headquartered technology company specializing in new energy intelligent refrigerated vehicles and cold chain logistics solutions. The company develops electric vehicles tailored for cold chain supply chains, including the S1 cold chain vehicle, V1 intelligent commercial vehicle, and E1 self-charging vehicle, unveiled in September 2023. SingAuto focuses on addressing the logistics and food safety sectors, positioning its solutions for use across Asia and beyond. On September 26, 2025, SingAuto successfully closed a funding round exceeding US$50 million, led by investors including GSR Vision Capital, Delu Capital, Bank of China Asset Management (Singapore), BBG Global, MVGX Tech, and Startech Global Ventures. The capital was allocated toward accelerating global expansion, establishing localized assembly operations in key international markets, and advancing research and development for next-generation refrigerated electric vehicles. By the time of this round, SingAuto had accumulated significant market traction, with the S1 model receiving 14,000 letters of intent from customers in China, South Korea, Singapore, Malaysia, and other regions, including major logistics enterprises such as Superexpress and New Hope. The company had previously raised USD 45 million in a Series A round on February 9, 2024, from unnamed UAE-based investors. Management indicated the company aimed to achieve break-even at 20,000 unit sales and planned mass production commencement in early 2025, targeting 20,000 vehicle deliveries in the first year, 50,000 in 2026, and 100,000 by 2027. |
| Feb 2024 | Series A | - | $45M | SingAuto, a Singapore-based technology company specializing in new energy intelligent refrigerated vehicles and cold chain logistics solutions, completed a Series A funding round raising USD 45 million (S$61.2 million) around February 9, 2024, from an unnamed UAE-based investor and others. The funds are allocated to constructing production lines, developing software, trialing vehicles, refining products, enhancing production capabilities, and accelerating global expansion into Southeast Asia and the Middle East. The company's flagship S1 model features fully autonomous driving capabilities, a self-developed van chassis that shortens development cycles, and a domain controller supporting Level 2 assisted driving with plans for higher autonomy levels using Nvidia and Horizon SoC products. SingAuto is negotiating with contract factories in three cities and reports over 30,000 intent orders. It plans to debut the S1 globally in May 2024, start deliveries in early 2025 targeting 20,000 units that year, scale to 50,000 in 2026, and reach 100,000 in 2027. A later funding round exceeding US$50 million was closed on September 26, 2025, led by GSR Vision Capital, Delu Capital, Bank of China Asset Management (Singapore), BBG Global, MVGX Tech, and Startech Global Ventures, to further global expansion, localized assembly, and next-generation refrigerated EV R&D. |
Who has invested in SingAuto?
8 investors have backed SingAuto across its funding rounds, including GoldenSand Capital, Bank of China Investment Management, Sinarmas, BBG Global, Delu Capital and Jinshajiang Hongyu Capital.
SingAuto Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 8 SingAuto investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSingAuto Competitors
SingAuto competitors include listed companies like Wuxi Boton Technology and NextNav, and private ones like FLASH, G7, UISEE and TuSimple.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $516M | $55M | $1.3B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2.2B | - | ||
| Publicly listed | $5M | ($169M) | $2.5B | 540.7x | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - |
SingAuto Public Comps
SingAuto is no longer listed, but its public comps include Blackbuck, Uniconn, Nexwise Intelligence, T1 Energy, Gosuncn Technology Group, Plejd, Polestar, Wuxi Boton Technology, Tuya and Arcadyan Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67M | $16M | 16.5x | 14.5x | 68.3x | 53.2x | |||
| $768M | $73M | 1.3x | 1.1x | 13.9x | - | |||
| $127M | $13M | 12.2x | 12.4x | 123.7x | - | |||
| $755M | ($210M) | 2.7x | 2.2x | (9.7x) | 52.8x | |||
| $297M | $7M | 3.7x | 3.2x | 165.4x | 42.7x | |||
| $95M | $32M | 11.4x | 9.1x | 33.6x | 25.2x | |||
| $3.1B | ($1.9B) | 2.2x | 2.1x | (3.4x) | (7.9x) | |||
| $516M | $55M | 2.4x | - | 22.6x | - | |||
This data is available for Pro users. Sign up to see all SingAuto competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SingAuto
| When was SingAuto founded? | SingAuto was founded in 2023. |
| Where is SingAuto headquartered? | SingAuto is headquartered in Singapore, Singapore. |
| Is SingAuto publicly listed? | No, SingAuto was acquired by Blueport Acquisition in April 2026. |
| Who acquired SingAuto? | SingAuto was acquired by Blueport Acquisition in April 2026. |
| How much was SingAuto acquired for? | SingAuto was acquired for $1.2B in April 2026. |
| How much funding has SingAuto raised? | SingAuto has raised $95M across 2 funding rounds. |
| What was SingAuto's last funding round? | SingAuto's last funding round was a $50M undisclosed-stage round in September 2025. |
| Who are SingAuto's investors? | SingAuto's investors include GoldenSand Capital, Delu Capital, BBG Global, Jinshajiang Hongyu Capital, Bank of China Investment Management, Sinarmas, Startech global ventures and MetaVerse Green Exchange. |
| Which companies are comparable to SingAuto? | Companies comparable to SingAuto include Wuxi Boton Technology, FLASH, G7, NextNav, UISEE and TuSimple. |
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