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Bybit Rising Fund Joins Forces with Ceylon Cash to Ready Sri Lankan Youth for Web3-Enabled Economy

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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reveal the Sri Lankan chapter of the Bybit Rising Fund initiative in collaboration with Ceylon Cash, the driving force behind Web3Ceylon, Sri Lanka’s largest community-led blockchain education and adoption program. The joint initiative serves to promote Web3 literacy and empower the next generation of talent with a passion for blockchain technology and the digital economy.

Through Web3Ceylon, Bybit and Ceylon Cash will curate a series of educational seminars in Colombo (September 20, 2025), Galle (September 17, 2025), Kandy (September 28, 2025), and Ella (October 12, 2025) in Sri Lanka to build awareness and understanding of blockchain technologies. Newcomers, researchers, creators and builders stand to benefit from an effective and engaging introduction into the world of cryptocurrencies, distributed ledger technology, and on-chain security.

The four seminars aim to connect local builders, learners, and educators with experts at the forefront of blockchain innovation and safety, expanding access to the know-how and vision of a blockchain-enabled future for all, one city at a time.

Highlights

  • Up to 600 seats available across four cities in Sri Lanka
  • Knowledge transfer: Hands-on workshops and sessions on the basics of wallets, smart contracts, and building a Web3 project
  • In-depth insights: Industry insiders and innovators will share real-world case studies of blockchain, diving into the technology, application and utility, and business layers of the technology
  • Connecting with changemakers: Bringing together creators, builders, and entrepreneurs to shape the growth opportunities in Sri Lanka and meet the needs of local communities

Registration is required and subject to approval.

“At Bybit, we believe education is the first step toward building a sustainable Web3 future. Sri Lanka’s vibrant youth and entrepreneurial spirit make it an ideal place to nurture the next generation of blockchain innovators. Through this partnership with Ceylon Cash and Web3Ceylon, we aim to equip young people with the skills, knowledge, and opportunities they need to participate confidently in the digital economy and become active contributors to the global Web3 ecosystem,” said Nazar Tymoshchuk, Regional Manager at Bybit.

“We devise the seminars with everyone in mind: the speakers will cover everything from the basics to the technical aspects. Whether you are a developer eager to kick start your blockchain journey, a small business owner curious about crypto payments, or a student preparing yourself for the future of Web3, we have something to offer,” said Nisal Chandrasekara, Community Lead at Ceylon Cash.

With a fast-growing digital economy, high mobile penetration, and rising interest in blockchain and cryptocurrencies, Sri Lanka is well positioned to capture the transformative opportunities in Web3. As part of Bybit’s World Series of Trading (WSOT) 2025, the Bybit Rising Fund supports community-led initiatives that benefit local Web3 enthusiasts, builders, and educators.  

The Bybit Rising Fund is part of a community outreach program under WSOT 2025, to improve the access to and the quality of blockchain education in local communities. Registration is required for all events and subject to approval.

#Bybit / #TheCryptoArk  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Sri Lankan-founded startup Logical accepted into Y Combinator, raises over Rs. 150 Mn

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A Sri Lankan founded artificial intelligence startup has achieved a major international milestone after being accepted into Y Combinator (YC), one of the world’s most prestigious startup accelerators, while also raising more than Rs. 150 million in initial funding to accelerate its global expansion.

Logical, founded by Sri Lankan engineers Samurdhi Karunaratne (Sam Karu) and Anushka Idamekorala, is believed to be the first startup established entirely by a Sri Lankan founding team to join the highly selective Silicon Valley accelerator. The investment provides the company with a strong platform to develop a globally competitive artificial intelligence product from the United States.

The company is developing a proactive desktop AI copilot designed for knowledge workers. Unlike conventional AI chatbots, Logical understands a user’s work context across multiple applications and proactively assists with drafting emails, preparing documents, summarising meetings, identifying action items and streamlining workflows with minimal prompting.

Chief Executive Officer Samurdhi Karunaratne said acceptance into Y Combinator reinforces the belief that Sri Lankan entrepreneurs should aspire to build globally significant technology companies. Co Founder and Chief Technology Officer Anushka Idamekorala added that the team’s ambition is to demonstrate that world class AI products can be created by Sri Lankan engineers competing on the global stage.

The two founders first met at Dharmaraja College, Kandy, before pursuing engineering degrees at the University of Peradeniya and the University of Moratuwa respectively. Both later continued advanced studies in the United States before launching Logical in Silicon Valley.

The achievement represents an important milestone for Sri Lanka’s innovation ecosystem, highlighting the country’s growing capability to produce globally competitive technology entrepreneurs and reinforcing its reputation as an emerging source of AI talent and deep technology innovation.

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First Fuel Station to be Established in Delft Island

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The Ceylon Petroleum Corporation (CPC) says a fuel station will be established for the first time on Delft Island in Sri Lanka.

CPC Managing Director Dr. Mayura Neththikumarage said the initiative is expected to boost tourism development and support livelihoods on the island.

He added that the current fuel distribution process in the Delft Island has been disorganised and the new facility aims to improve efficiency and access.

Dr. Neththikumarage further stated that the foundation stone for the fuel station was laid on the Delft Island today, with construction expected to be completed within the next few months.

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Evolution Auto Launched the Xpeng G6 in Sri Lanka Marking a New Era in Premium Electric Mobility

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Evolution Auto Private Limited the authorised distributor for Xpeng in Sri Lanka, officially launched the New Generation Xpeng G6 at its multi brand showroom in Colombo 05 on 22 May 2026, marking a significant milestone in the country’s rapidly evolving electric vehicle landscape.

The launch event brought together media representatives, industry stakeholders, and invited guests for the official unveiling of the premium intelligent electric SUV. The evening featured a formal vehicle reveal, live demonstrations, and opportunities for test drives, allowing attendees to experience the Xpeng G6 firsthand.

The introduction of the Xpeng G6 arrived at a crucial moment for Sri Lanka’s New Energy Vehicle market. While consumer interest in electric mobility continues to grow, the segment has faced challenges including range anxiety, limited premium offerings, and concerns over aftersales support. The arrival of the G6 aimed to directly address these gaps by introducing a globally competitive intelligent EV backed by advanced technology and strong international partnerships.

Speaking at the launch, Ashan Wickramasinghe Head of Marketing Evolution Auto stated:

“We are not just bringing a car to Sri Lanka. We are bringing a new standard in technology, in ownership experience, and in what Sri Lankan consumers should expect from a modern electric vehicle.”

Positioned as a premium electric SUV competing in the global mid to upper EV segment, the Xpeng G6 offered a WLTP certified driving range of up to 480 kilometres. The vehicle was powered by an electric motor delivering 110 kW of output and 440 Nm of torque, providing a balance of efficiency, performance, and everyday usability.

A key highlight of the G6 was XPILOT, Xpeng’s proprietary Level 2 Advanced Driver Assistance System. The system included Adaptive Cruise Control, Lane Centering, automated parking, and remote summon functionality. Designed to enhance safety and convenience, XPILOT supported drivers while maintaining full driver responsibility in accordance with Level 2 autonomy standards.

Inside, the Xpeng G6 showcased a strong emphasis on digital integration and comfort. The cabin featured a 15.6 inch central touchscreen infotainment system, the XOPERA 2.0 premium sound system with 18 speakers, ventilated and massaging front seats, and dual glazed soundproof glass with active noise cancellation. These features collectively positioned the vehicle as a technologically advanced and comfort focused electric SUV.

Xpeng, the manufacturer of the G6, is a globally listed technology company headquartered in Guangzhou China and traded on the New York Stock Exchange under the ticker XPEV. The company has evolved beyond traditional automotive manufacturing, expanding into artificial intelligence, robotics, and advanced mobility systems.

Its strategic partnership with the Volkswagen Group further reinforces its global positioning. In 2023, Volkswagen acquired a 4.99 percent stake in Xpeng and entered a joint development agreement focused on next generation electric vehicle platforms, highlighting strong industry confidence in Xpeng’s technological capabilities.

The Xpeng G6 is part of a broader innovation ecosystem developed by the company, which includes autonomous mobility research, humanoid robotics under its IRON platform, and flying vehicle development through its ARIDGE division. These initiatives reflect Xpeng’s long term vision of integrating physical AI across multiple modes of transport and intelligent systems.

For Sri Lanka, the launch of the G6 represents more than the introduction of a new vehicle model. It signals the entry of a globally significant technology brand into the local market, bringing with it advanced mobility solutions and new expectations for the EV ownership experience.

Evolution Auto emphasized that the introduction of the Xpeng G6 aligns with its long term commitment to expanding premium electric mobility options in Sri Lanka. The company noted that full aftersales support, service infrastructure, and customer experience enhancements would accompany the brand’s entry into the market.

As Sri Lanka continues its transition toward sustainable transportation, the arrival of the Xpeng G6 is expected to play a key role in shaping consumer expectations and accelerating adoption of intelligent electric vehicles in the premium segment.

Evolution Auto (Pvt) Ltd

Evolution Auto (Pvt) Ltd is the sole authorized distributor for Xpeng electric vehicles in Sri Lanka. The company operates a multi-brand showroom at R. A. De Mel Mawatha, Colombo 05, and provides full aftersales service through a dedicated multi-brand workshop with a fully stocked parts inventory.

Contact evolution auto on 0744112132 or visit www.xpeng.lk to learn more about evolution auto & Xpeng. 

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