Indonesia

Bell Society, CarbonEthics, and Surplus are the three selected start-ups to join JICA NINJA accelerator program 2022.

Indonesian state-owned electricity company PT PLN (Persero) (PLN) announced Wednesday an agreement with Amazon for 210 megawatts (MW) of renewable energy capacity across four solar projects in Indonesia. This is a first-of- its-kind agreement for corporates to access additional, utility-scale solar projects in the country.

PT Telkom Indonesia (Persero) Tbk (Telkom) and Google Cloud have entered into a multi-year strategic collaboration to realize Telkom’s vision of becoming a leading digital telco that empowers local businesses and communities.

East Ventures, a sector-agnostic venture capital firm in Indonesia, has signed a Memorandum of Understanding with the Indonesia Chamber of Commerce and Industry (KADIN) Net Zero Hub and World Resources Institute (WRI) Indonesia for the strategic partnership and collaboration in advancing commitment towards net zero targets.

KKR, a leading global investment firm, and Privy, a leading digital trust provider in Indonesia, announced Monday the signing of definitive agreements under which KKR will participate as the lead investor in the $48 million Series C funding round of Privy.

Broom, an Indonesia-based automotive startup, announced Thursday its partnership with Bank DBS Indonesia through a IDR 100 billion ($6.45 million) credit facility. The credit facility is expected to be a growth accelerator for the company to expand its geographical scope and services across the used-car showroom industry in Indonesia, as well as Bank DBS…

Base, a technology-based, vegan beauty and wellness brand in Indonesia, announced that it has raised $6 million in Series A funding to strengthen its positioning in Indonesia’s market and to continue fueling its growth. Rakuten Ventures led the round, along with participation from existing investors Antler, East Ventures, Skystar Capital, and Pegasus Tech…

Indonesia fisheries start-up FishLog announced Wednesday that it has successfully closed its pre-Series A round, with participation from BRI Ventures, Accel, Insignia Ventures Partners, Patamar Capital, Indogen Capital, and Triputra Agri Group.

The airasia super app is officially launched in Asean’s largest populated country - Indonesia on Wednesday, marking a significant milestone for the region’s fastest-growing travel super app as it completes its Asean expansion plan in 2022, focusing on Bali as a key international tourist market.