Indonesia
Indonesia cuts VAT on electric vehicles drastically to 1% – report
The incentive came into effect this month and will remain in place until the end of the year, the Coordinating Ministry of Maritime and Investment Affairs said in a statement.
Indonesia’s Fresh Factory raises $4.15M in pre-Series A funding led by SBI Ven Capital
Fresh Factory, an Indonesia-based integrated cold chain fulfilment and enabler startup, has on Monday announced it has raised $4.15 million in pre-Series A funding. The round was led by SBI Ven Capital through its joint fund with Kyobo Securities and NTUitive.
Indonesia’s Social Bread officially launched after raising $400,000 seed funding led by East Ventures
Social Bread, an Indonesia-based digital marketing marketplace to support business owners, predominantly small and medium enterprises (SMEs), has been officially launched.
Indonesia’s Etana secures financing from DEG, East Ventures and others
PT Etana Biotechnologies Indonesia (Etana), an Indonesian biopharmaceutical company, has secured a new round of investment led by DEG followed by Yunfeng Capital, HighLight Capital and East Ventures.
Antler commits to investing into 30+ Indonesian startups in 2023
Antler, a global early-stage venture capital firm with strong presence in Indonesia, said Wednesday it will continue its commitment to support aspiring founders and early-stage teams by providing backing from day zero along with a goal to invest in over 30 Indonesian startups in 2023.
Indonesia’s Hijra Bank optimistic on this year performance, aiming 1M users in 2024
Indonesian Islamic digital bank Hijra Bank is optimistic that its performance this year will increase, because it is supported by the number of users that have experienced significant growth, in line with the high public needs in sharia financial services.
Indonesia launches metaverse collaboration initiative to boost metaverse industry
Indonesia has made a significant move towards becoming a major player in the global metaverse industry with the launch of its Indonesia Metaverse Collaboration Initiative on 1 March 2023, in conjunction with the Mobile World Congress 2023 in Barcelona.
Indonesian automotive tech startup Broom raises $10M Pre-Series A funding led by Openspace
Broom, an all-in-one automotive small and medium sized enterprise (SME) solutions startup based in Indonesia, announced Tuesday its $10 million Pre-Series A funding round led by Openspace.
Indonesian raw material procurement startup Bababos secures pre-seed funding led by East Ventures
Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, has on Tuesday announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia.
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
