ALMATY, Kazakhstan–(BUSINESS WIRE)–Mar 19, 2025–
Research by RISE Research, EA Group, MA7 Ventures, BGlobal Ventures, KPMG, and Dealroom.co shows Central Asia’s venture capital market grew 7% to $95 million in 2024. The region now hosts over 1,800 startups and more than 100 active investors, representing significant ecosystem growth over the past five years.
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Kazakhstan leads with 74% of regional investments, attracting $71 million in 2024 for a total startup valuation of $710 million. Deal sizes grew significantly, with 40% ranging from $200,000-$500,000, compared to 62% under $200,000 in 2021. Foreign investors contributed 53% of funding, coming from the USA, UAE, UK, Saudi Arabia, Singapore, Azerbaijan, Turkey, Estonia, and others. Twelve Kazakhstani venture funds hold $157 million collectively, with 32% already invested and 44% raised from high-net-worth individuals.
Uzbekistan’s market grew 2.7 times to $17.5 million across 38 deals, with average deal size quadrupling to $460,000. Local investors provided 52% of funding, while international investment decreased by 11% compared to 2023. Five new venture funds launching in Q1 2025 signal increasing activity, though the market remains focused on early-stage investments.
Kyrgyzstan attracted $1.7 million with 19% annual growth since 2022. Women-founded startups were prominent, accounting for one-third of deals but two-thirds of investment volume. While accelerators and hubs made the most deals (50%), venture funds (mostly foreign) provided 66% of capital, highlighting the importance of international connections.
Tajikistan reached $4.6 million in venture financing, focusing on halal fintech and AI credit scoring models, supported by tax incentives for startups in IT Park Dushanbe and a new $5 million fund. This represents the country’s first significant steps in developing venture investment infrastructure.
Leading sectors across the region include AI, fintech, educational and medical technologies. However, later-stage funding remains scarce, pushing startups toward international markets. Currently, Central Asian founders have established 200+ startups in the USA, 50+ in the UK, and 20+ in the UAE.
Analysts predict continued growth and integration into the global ecosystem in coming years.
The study is available at the following link.
Research by RISE Research, EA Group, MA7 Ventures, BGlobal Ventures, KPMG, and Dealroom.co
SEATTLE (AP) — Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms.
Attacks on property carrying the logo of Elon Musk’s electric-car company are cropping up across the U.S. and overseas. While no injuries have been reported, Tesla showrooms, vehicle lots, charging stations and privately owned cars have been targeted. In Canada, Tesla was removed from an international auto show over safety concerns.
There has been a clear uptick in Tesla attacks since President Donald Trump took office and empowered Musk to oversee a new Department of Government Efficiency that is slashing government spending. Experts on domestic extremism say it’s impossible to know yet if the spate of incidents will balloon into a long-term pattern.
In Trump’s first term, his properties in New York City, Washington and elsewhere became a natural place for protest. In the early days of his second term, Tesla is filling that role.
“Tesla is an easy target,” said Randy Blazak, a sociologist who studies political violence. “They’re rolling down our streets. They have dealerships in our neighborhoods.”
Musk critics have organized dozens of peaceful demonstrations at Tesla dealerships and factories across North America and Europe. Some Tesla owners, including a U.S. senator who feuded with Musk, have vowed to sell their vehicles.
But the attacks are keeping law enforcement busy.
Prosecutors in Colorado charged a woman last month in connection with a string of attacks on Tesla dealerships, including Molotov cocktails thrown at vehicles and the words “Nazi cars” spray-painted on a building.
And federal agents in South Carolina last week arrested a man they say set fire to Tesla charging stations near Charleston. An agent from the Bureau of Alcohol, Tobacco, Firearms and Explosives wrote in an affidavit that authorities found writings critical of the government and DOGE in his bedroom and wallet.
“The statement made mention of sending a message based on these beliefs,” the agent wrote.
A number of the most prominent incidents have been reported in left-leaning cities in the Pacific Northwest, like Portland, Oregon, and Seattle, where anti-Trump and anti-Musk sentiment runs high.
An Oregon man is facing charges after allegedly throwing several Molotov cocktails at a Tesla store in Salem, then returning another day and shooting out windows. In the Portland suburb of Tigard, more than a dozen bullets were fired at a Tesla showroom last week, damaging vehicles and windows, the second time in a week that the store was targeted.
Four Cybertrucks were set on fire in a Tesla lot in Seattle earlier this month. On Friday, witnesses reported a man poured gasoline on an unoccupied Tesla Model S and started a fire on a Seattle street.
In Las Vegas, several Tesla vehicles were set ablaze early Tuesday outside a Tesla service center where the word “resist” was also painted in red across the building’s front doors. Authorities said at least one person threw Molotov cocktails — crude bombs filled with gasoline or another flammable liquid — and fired several rounds from a weapon into the vehicles.
“Was this terrorism? Was it something else? It certainly has some of the hallmarks that we might think — the writing on the wall, potential political agenda, an act of violence,” Spencer Evans, the special agent in charge of the Las Vegas FBI office, said at a news conference. “None of those factors are lost on us.”
Tesla was once the darling of the left. Helped to viability by a $465 million federal loan during the Obama administration, the company popularized electric vehicles and proved, despite their early reputation, that they didn’t have to be small, stodgy, underpowered and limited in range.
More recently, though, Musk has allied himself with the right. He bought the social network Twitter, renamed it X and erased restrictions that had infuriated conservatives. He spent an estimated $250 million to boost Trump’s 2024 Republican campaign, becoming by far his biggest benefactor.
Musk continues to run Tesla — as well as X and the rocket manufacturer SpaceX — while also serving as Trump’s adviser.
Tesla stock doubled in value in the weeks after Trump’s election but has since shed all those gains.
Trump gave a boost to the company when he turned the White House driveway into an electric vehicle showroom. The president promoted the vehicles and said he would purchase an $80,000 Model S, eschewing his fierce past criticism of electric vehicles.
Tesla did not respond to a request for comment. Musk briefly addressed the vandalism Monday during an appearance on Sen. Ted Cruz’s podcast, saying “at least some of it is organized and paid for” by “left-wing organizations in America, funded by left-wing billionaires, essentially.”
“This level of violence is insane and deeply wrong,” Musk wrote Tuesday on X, sharing a video of burning Teslas in Las Vegas. “Tesla just makes electric cars and has done nothing to deserve these evil attacks.”
The progressive group Indivisible, which published a guide for supporters to organize “Musk Or Us” protests around the country, said in a statement that all of its guidance is publicly available and “it explicitly encourages peaceful protest and condemns any acts of violence or vandalism.”
Some Tesla owners have resorted to cheeky bumper stickers to distance themselves from their vehicle’s new stigma and perhaps deter would-be vandals. They say things like “I bought this before we knew Elon was crazy” or “I just wanted an electric car. Sorry guys.”
Prices for used Cybertrucks, Tesla’s most distinctive product, have dropped nearly 8% since Trump took office, according to CarGurus, which aggregates used car vehicle listings. The market as a whole remained steady over the period.
The White House has thrown its weight behind Musk, the highest-profile member of Trump’s administration and a key donor to committees promoting Trump’s political interests. Trump has said Tesla vandalism amounts to “domestic terror,” and Trump has threatened retribution, warning that those who target the company are “going to go through hell.”
Attorney General Pam Bondi said she’d opened an investigation “to see how is this being funded, who is behind this.”
“If you’re going to touch a Tesla, go to a dealership, do anything, you better watch out because we’re coming after you,” Bondi said Friday on Fox Business Network. In a statement Tuesday, she vowed to “continue investigations that impose severe consequences,” including for “those operating behind the scenes to coordinate and fund these crimes.”
Colin Clarke, a senior research fellow at the Soufan Center, said left-wing political violence tends to target property rather than people. He views the rise of neo-Nazi groups as a bigger security threat at this point.
“It’s not the type of act that I would prioritize,” Clarke said. “Not right now compared to all the other threats that are out there.”
Theresa Ramsdell is the president of the Tesla Owners of Washington state, a club for Tesla enthusiasts, and she and her husband own three of them.
“Hate on Elon and Trump all you want — that’s fine and dandy, it’s your choice,” she said. “It doesn’t justify ruining somebody’s property, vandalizing it, destroying it, setting it on fire. There’s other ways to get your voice heard that’s more effective.”
Someone recently slapped a “no Elon” sticker on the tailgate of her Cybertruck, but she said she doesn’t intend to stop driving her Teslas. Other club members have taken a similar view, she said.
“I love my car. It’s the safest car,” Ramsdell said. “I’m not going to let somebody else judge me for the car I drive.”
Cooper reported from Phoenix.
Demonstrators shout at a driver of a Tesla as they protest against the Trump administration near the White House Friday, March 14, 2025, in Washington. (AP Photo/Jacquelyn Martin)
FILE – People protesting Elon Musk’s actions in the Trump administration hold signs outside a Tesla showroom in Seattle on Thursday, Feb. 13, 2025. (AP Photo/Manuel Valdes, File)
FILE – A person protesting Elon Musk’s actions in the Trump administration holds a sign outside a Tesla showroom in Seattle on Thursday, Feb. 13, 2025. (AP Photo/Manuel Valdes, File)
FILE – People protesting Elon Musk’s actions in the Trump administration hold signs outside a Tesla showroom in Seattle on Thursday, Feb. 13, 2025. (AP Photo/Manuel Valdes, File)
FILE- Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio, March 14, 2019, in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)
FILE – Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. (Patrick Pleul/Pool via AP, File)
A burned Tesla vehicle is shown at a Tesla collision center Tuesday, March 18, 2025, in Las Vegas. (Steve Marcus/Las Vegas Sun via AP)
Law enforcement officials investigate vehicle fires at a Tesla collision center Tuesday, March 18, 2025, in Las Vegas. (Steve Marcus/Las Vegas Sun via AP)
A burned Tesla vehicle is shown at a Tesla collision center Tuesday, March 18, 2025, in Las Vegas. (Steve Marcus/Las Vegas Sun via AP)
FILE – ATF investigators take apart and document a burned Tesla Cybertruck at a Tesla lot in Seattle, Monday, March 10, 2025. (AP Photo/Lindsey Wasson, File)
FILE – A burned Tesla Cybertruck is parked at a Tesla lot in Seattle, Monday, March 10, 2025. (AP Photo/Lindsey Wasson, File)
FILE – A member of the Seattle Fire Department inspects a burned Tesla Cybertruck at a Tesla lot in Seattle, Monday, March 10, 2025. (AP Photo/Lindsey Wasson, File)
