Sime Darby has taken part in the latest round for the ride sharing platform developer’s Malaysian subsidiary, helping to lift its total funding to $73m.

SoCar Mobility Asia (SoCar Malaysia), a Malaysia-based spinoff of South Korea-headquartered car sharing platform operator SoCar, has raised $55m in series B funding from investors including conglomerate Sime Darby. Private equity firm EastBridge Partners also took part in the round, which took the company’s overall funding to $73m. Formed in 2017 by SoCar and conglomerate…

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