Indonesia’s Maka Motors, an electric vehicle startup specializing in two-wheelers, has successfully concluded its seed funding round, raising US$37.6 million. The company, co-founded by two former executives from the Indonesian ride-hailing giant Gojek, managed to secure the funding while still in the research and development stage, making it one of the largest seed funding rounds […]

Broom, an Indonesia-based automotive SME tech solutions startup, has announced raising $10 million in pre-Series A funding round led by Openspace Ventures. The funding round was also backed by MUFG Innovation Partners and BRI Ventures, alongside existing investors AC Ventures and Quona Capital. Broom’s newly raised funds will enable the company to diversify its product […]