Dash Electric, Indonesian electric vehicle (EV)-as-a-service startup, has on Wednesday announced the successful close of its oversubscribed seed funding round, led by The Radical Fund and co-led by Bali Investment Club (BIC).
Other participants in the round include Schneider Electric Energy Access Asia (SEEAA), Aksara Ventures, and Kevin Aluwi, Co-founder and former Chief Executive Officer of Gojek, the firm said in a statement.
Returning investor Antler, who first backed Dash Electric in its pre-seed round, also participated.
The funding amount and valuation, however, remain undisclosed.
With the fresh capital, Dash Electric plans to increase driver onboarding efforts, expand its EV fleet, and develop in-house software solutions to enhance fleet management.
A key focus will be on building seamless API integrations with clients to further optimize operations.
“Our mission is to make EV adoption effortless for both businesses and drivers,
“With Dash, companies no longer need to worry about logistics—our infrastructure handles it all, so they can focus on their core business,” said Aditya Brahmana, Dash’s Chief Executive Officer and Co-founder.
The Radical Fund, which led the investment round, sees Dash Electric as a game-changer for Indonesia’s logistics sector.
“Dash stands out as a logistics company with a unique potential to disrupt the market through proprietary technology that offers customers competitive pricing while delivering a truly sustainable solution.
“We are especially proud to support two co-founders with over 25 years of combined expertise in supply chain management and logistics, drawn from Southeast Asia’s leading scale-ups and corporates,” said Alina Truhina, Chief Executive Officer and Managing Partner of The Radical Fund.
According to her, this experience sets Dash apart, positioning it for hyper-growth toward becoming a scaled company and a future unicorn in Indonesia.
“After years of monitoring the EV market and evaluating opportunities aligned with our mandate, we chose Dash for its substantial growth potential, strong alignment with government initiatives, and the extensive expertise Aditya and Robert bring to the table,
“We believe Dash is exceptionally positioned to meet market demand with its customizable solution that addresses environmental challenges while providing drivers with stable income,” said Nicolo Castiglione, Managing Partner at Bali Investment Club (BIC), an angel network that invests in ventures driving waste recovery, carbon dioxide (CO2) reduction, and improved incomes for low-income communities through responsible, scalable growth.
Founded in 2023 by seasoned mobility and logistics veterans Aditya Brahmana and Robert Mulianto, Dash Electric aims to accelerate the adoption of electric vehicles in Indonesia by providing green supply infrastructure to businesses.
With Indonesia’s goal of achieving 100 percent EV adoption by 2040, the firm aims to play a key role in leading the transition.
To date, Dash Electric has enabled more than dozens of clients across sectors such as logistics, e-commerce, retail, and food delivery to execute seamless, sustainable deliveries.