In an announcement released on Oct 16, Ninja Van states that the facility will enable Ninja Van to boost regional growth and develop its e-commerce express logistics, business-to-business (B2B) restocking and cold chain delivery services.
Ninja Van Group has secured a three-year committed US$50 million ($65.4 million) revolving credit facility with HSBC.
The mandate taps HSBC’s new economy fund, which was launched in 2021 for early-stage start-ups in Singapore.
