Indonesia’s MAKA Motors debuts first locally designed electric motorcycle, MAKA Cavalry
MAKA Motors, an electric vehicle company focused on accelerating Indonesia’s journey to self-sufficiency in automotive technology, has officially launched its first locally designed electric motorcycle, MAKA Cavalry. With this launch, MAKA Motors aims to redefine the riding experience for Indonesian consumers while advancing the electric vehicle ecosystem within the region, the company said in a statement on Wednesday.
Startups can expect brighter 2025 after prolonged funding winter
Startups are expected to find it easier to secure funding in the year ahead after a tough 2024 which saw rising costs, muted investor interest and geopolitical developments hampering their growth. Industry players told The Straits Times that the local funding landscape is poised to be buoyant in 2025, driven by expected rate cuts and more investments targeting Southeast Asia.
East Ventures’ market outlook 2025: Thriving in the new transitions and realizing a “believable Southeast Asia”
As new leaders take the helm in major countries, the global economic and market outlook is clearer, and promising opportunities are on the horizon. Projections indicate that the global growth is set to stabilize at around 3.1% over the next five years, indicating a resilient recovery from the pandemic’s impact.
Unlocking the urban middle-class: Insights from Indonesia’s fast-growing consumer segment
Southeast Asia (SEA), a region populated by nearly 700 million people, is poised for remarkable digital economy growth over the next couple of years. The latest e-Conomy SEA 2024 report by Google, Temasek, and Bain&Company projected a 15% increase in GMV up to US$263 billion. This growth is also largely driven by the rising tech consumption within the region, where consumers are shifting towards digital services.
Willson Cuaca: “A tech winter? Not in tropical Indonesia”
Around 3,000 startups knock on the doors of East Ventures every year, hoping to join the ranks of unicorns like Tokopedia, Traveloka, and Carro, which have all been backed by the prominent VC firm. But if you think that presenting with a pitch deck would fly – think again.
Indonesia’s manufacturing companies: The next economic powerhouse
The expansion of Indonesia’s manufacturing industry has shown a positive trajectory following the global COVID-19 pandemic in 2020. The industry was worth US$240 billion in 2022 and was the 12th-biggest manufacturer in the world. The nation’s manufacturing industry grew by 4.64% in 2023 and contributes around 20% to Indonesia's total Gross Domestic Product (GDP), which amounted to US$1.371 trillion.
Reinventing leadership style: Insights from former executives turned startup founders
The recent East Ventures Summit 2024, held in July this year, brought together over 100 experts and leaders in the Southeast Asian tech, startup, and business landscape to share their nuanced insights in more than 30 simultaneous panels.
David vs Goliath: How Indonesian SaaS startups can win
Over the past decade, software-as-a-service (SaaS) has emerged as a successful model for software delivery globally. Both businesses and consumers have been demanding more software tools, and the question has always been – “how to sell and deliver what the customers want at scale?” The hallmark of SaaS - a centrally hosted, web-delivered, multi-tenant architecture (i.e. built once, sold many times) fit into the growing digitalization theme and was the core engine of tech adoption in the US and many developed economies.