Indonesia

Indonesia-based smart electric mobility service provider IMOTO has introduced its electric motorcycle VISION.ev for global market.

Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.

PT Telekomunikasi Indonesia International (TELIN) and BW Digital have announced a strategic partnership to develop and construct the Nongsa-Changi submarine cable system linking Batam and Singapore.

Lion Parcel, a logistics service provider in Indonesia, has partnered with Salesforce, the United States-based artificial intelligence (AI) customer relationship management firm, to optimize customer service through generative AI integration.

Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.

Vietnam’s electric vehicle (EV) manufacturer VinFast has officially entered Indonesia earlier this year, setting up a new dealership in the Jakarta suburb of Depok and announcing it will soon invest $1.2 billion to build a local assembly plant with a capacity of 50,000 cars per year.

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.

“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.

Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.

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.