Blitz Electric Mobility (Blitz), an Indonesia-based electric vehicle (EV) logistics enabler, has closed a Pre-Series A funding round led by Malaysia-based Vynn Capital.
Blitz said in a statement on Monday that this investment marks Vynn Capital’s ongoing commitment through its mobility and supply chain fund, with participation from existing Blitz investor Iterative Capital.
The round also brings in notable new backers, including former Andreessen Horowitz general partner Balaji Srinivasan, ex-PayPal exec Rajesh Venkatesh, and Vinner Ventures.
These add to Blitz’s roster of impact-driven institutional investors such as Asian Development Bank (ADB) Ventures, FiveFortyAlpha, BonBillo Fund, and Peak XV.
Now entering a new chapter of disciplined, sustainable growth, Blitz plans to use its secured funding to accelerate expansion across Indonesia.
With a sharper focus on efficiency, quality clients, and scalable operations, the company is aligning its resources to drive stronger unit economics and long-term value.
This renewed strategy positions Blitz to move confidently toward profitability while continuing to deliver impact at scale.
The firm aims to grow its operational footprint to 30 cities, becoming Indonesia’s largest EV logistics provider.
“The initial growth phase is behind us. Now, our focus is disciplined scaling,
“That means maximizing what works and discontinuing what doesn’t,” said Saivya Chauhan, Founder and Chief Executive Officer of Blitz.
William So, Co-Founder and Chief Financial Officer of Blitz, added this funding reflects confidence in their proven model and positions them to secure capital aligned with our long-term objectives.
Blitz’s asset-light, tech-first approach places it at the forefront of sustainable logistics in Indonesia’s last-mile delivery market, said the statement.
It highlighted the company addresses three critical challenges: meeting instant delivery demands, overcoming the complexities of scaling in-house logistics, and enabling cleaner, electrified infrastructure.
Blitz also empowers businesses with scalable, same-day, and instant delivery without the need to own or manage their own fleet assets.
The firm operates a growing pool of thousands of gig couriers, providing tailored business to business (B2B) logistics solutions that include: 1- to 12-hour instant and same-day deliveries; integrated white-label logistics services; comprehensive delivery management under clients’ own brands.
Blitz has built a unique model designed for sustainable margins, long-term client partnerships, and embedded EV financing for gig workers.
In 2024, the firm had tripled its revenue while cutting its burn rate by over 70 percent, significantly optimizing its operational costs.
With a disciplined strategy, the company has achieved substantial profitability improvements.
“Blitz is solving a fundamental challenge for businesses in Southeast Asia: how to scale logistics rapidly without the overhead of owning infrastructure,” said Victor Chua, Vynn
Capital’s Founding and Managing Partner.
“Their model empowers brands to meet growing delivery expectations with speed, reliability, and sustainability,
“As we double down on our mobility and supply chain thesis, Blitz stands out as a commercially disciplined operator ready to reshape how businesses move goods across the region,” he added.
According to the statement, courier, express, and parcel market size in Indonesia is estimated to be valued at 7.86 billion in 2025, with a projected compound annual growth rate (CAGR) of 7.24 percent.
By the end of the decade, the market is expected to reach $11.15 billion, demonstrating significant growth driven by the increasing number of small and medium- sized enterprises (SMEs) and the rapid expansion of e-commerce in the country.
Blitz has completed over 14 million deliveries, deployed over 1,000 EV bikes, and logged 220 million electric kilometers.
In terms of partnership, the firm integrated Blitz’s EV fleet with Grab’s platform, enhancing sustainable last-mile delivery.
Meanwhile, Blitz has also been selected for NVIDIA’s Inception program, gaining advanced artificial intelligence (AI) tools for routing, driver performance analytics, and SLA forecasting.
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