Indonesia

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.

Indosat partners Google Cloud to deliver AI-driven digital experiences to customers across Indonesia

Indosat Ooredoo Hutchison (Indosat) and Google Cloud have on Thursday announced the expansion of their long-term strategic alliance, aimed at accelerating Indosat’s transformation from telco to AI Native TechCo.

Indonesia’s JULO on track to disperse $650M in 2024, launch neobank

JULO, an Indonesia-based digital financial services platform, announced Tuesday that it has achieved significant loan disbursement growth and on track to disburse more than $650 million in 2024.

Indonesia’s McEasy raises Series A+ funding led by Granite Asia

McEasy, an Indonesia-based internet-of-things (IoT) and software-as-a-service (SaaS) enterprise company, has raised Series A+ funding from Granite Asia as the lead investor, followed by existing investor East Ventures. Its total Series A funding has now reached $11 million.

China’s SUV brand JETOUR to launch in Malaysia & Indonesia as soon as this month

In 2023, JETOUR Auto's total annual sales reached 315,167 vehicles, a 75 percent increase year-over-year. It is also worth noting that JETOUR's international exports experienced a remarkable year-over-year increase of 147 percent, far surpassing the overall industry level and reaffirming its status as the fastest-growing new cutting-edge SUV brand in China,…