Skylink raises $7.02m in share placement to drive EV fleet growth

Investors back the company’s expansion in electric commercial vehicles.

Skylink Holdings Limited raised $7.02m through the placement of 26 million shares at $0.27 each, bringing total gross proceeds since its September 2025 SGX-ST listing to $16.2m, a press release said.

Investors included ICH Synergrowth Fund, Lion Global Investors, and existing shareholders, with SAC Capital acting as placement agent.

Proceeds will fund expansion of electric commercial vehicle fleets, EV initiatives, the loan book, and mergers and acquisitions, the company said in the press release.

Since its listing, Skylink has secured engineering service contracts, signed leases to expand capacity, acquired commercial fleets to optimise replacement cycles, and integrated a bodywork customization business.

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