Indonesia
PT Energi Selalu Baru secures strategic investments from LX Ventures, SAIC Capital in pre-series A fundraising round
PT Energi Selalu Baru (ESB), a electric vehicle (EV) subsidiary of PT NFC Indonesia Tbk (NFCX), MCASH Group, has garnered substantial investments from LX Ventures and SAIC Capital during its pre-Series A funding round.
Malaysia & Indonesia emerge as prime beneficiaries in Asean amid data center boom
“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.
South Korea’s Hyundai & LG Energy open Indonesia’s first battery cell plant – report
Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.
Indonesia’s Elevarm partners Amartha, Rabo Foundation & Scala in global collaborations to grow pro-farmer financing product
Indonesia-based integrated farming productivity platform Elevarm has secured $1 million investment from Dutch financial services firm Rabo Foundation and Japanese information technology firm Scala and Indonesian fintech firm Amartha.
Indonesia’s Xurya raises $55M in funding led by Norwegian Climate Investment Fund
Xurya, a renewable energy company offering rooftop solar rental without initial cost in Indonesia, has announced receiving an additional $55 million investment. The deal was led by the Norwegian Climate Investment Fund managed by Norfund, with participation from Swedfund, Clime Capital as the manager of SEACEF II, British International Investment (BII), and…
Indonesia president orders audit of data centers after cyberattack – report
In response to the cyberattack, Indonesia's state auditor said the president instructed it to examine the country's data centers.
Great Wall Motor readies car plants in Malaysia and beyond – report
Chinese automakers are ramping up their investments in emerging EV markets overseas, especially in regions such as Southeast Asia, the Middle East, and Latin America, at a time when competition remains intense at home and the US and Europe are imposing punitive tariffs on China-made EV imports.
Indonesia tech startup funding plunges 64% on year in first half
Total funding into Indonesia tech startups plunged 64 percent to $191 million in the first half of 2024, compared with $526 million in the first half of 2023, Tracxn said Tuesday.
More than 40 Indonesian agencies hit by cyberattack on data centers – report
Forty-four government agencies, including key ministries, were targets of the ransomware attack, said Usman Kansong, an official from the communications ministry.
Accion Digital Transformation Fund invests $17.5M in Indonesian microfinance technology company Amartha
Global nonprofit Accion has on Tuesday announced a $17.5 million equity investment from the Accion Digital Transformation Fund in Indonesian microfinance technology company, Amartha.
