MAKA Motors, Indonesia-based electric vehicle (EV) startup, secures US$37.6 million seed round co-led by East Ventures
Indonesia-based electric vehicle (EV) startup MAKA Motors announced today the successful completion of its seed funding round, raising US$37.6 million. The funding round was co-led by East Ventures, AC Ventures, and South Korea’s SV Investment. This investment marks one of Southeast Asia's largest seed funding rounds to date for a hardware startup.
Why scaling up tech innovations will save the planet
It has become increasingly clear that we must use technology sustainably and deploy it more effectively. According to the East Ventures Sustainability Report 2023, to meet the investment needs of green solutions in Southeast Asia, which amount to around US$3 trillion by 2030, there is a need for tech innovations as catalysts.
East Ventures launches its annual Sustainability Report 2023
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, today launched East Ventures Sustainability Report 2023. This report demonstrates East Ventures and its ecosystem’s continued commitment to integrating Environmental, Social, and Governance (ESG) frameworks and practices in creating sustainable value for society.
Ringkas, digital mortgage platform, raises US$3.5 million in Seed round to roll out its platform across Indonesia
Ringkas, a digital mortgage platform with the vision to democratize home ownership, announced it has secured a US$3.5 million in Seed Round co-led by East Ventures and Crestone Venture Capital. Other investors that participated include 500 Global, Teja Ventures, Orvel Ventures, Hustle Fund, and others. With the capital from this round, the company will focus on advancing and scaling its platform across multiple cities in Indonesia and the secondary market.
Empowering women: three key strategies for building confidence at work
As a woman in the workplace, building confidence can be challenging, especially when trying to climb the corporate ladder. Various cultural, societal, and historical factors can influence the confidence gap between men and women. In Asia, for example, there is often a greater emphasis on deference to authority and silent resistance, making it more challenging for women to assert themselves and speak up.
East Ventures’ strategy to strengthen ESG in its ecosystem
The environmental and sustainability issues are becoming more urgent than ever today. No one is immune from these issues, and all stakeholders must take necessary actions to minimize the impact now. With this issue in mind, we at East Ventures believe that technology can positively contribute to and impact the environment.
Closing the gap: Investing in women can drive economic growth
Gender equality is not just a moral issue; but also a key driver of economic growth and development. Investing in women entrepreneurs and addressing the deepening inequalities they face can create a more stable, resilient, and inclusive society that benefits everyone.
FLIK, a unified checkout solution, secured the US$ 1.1 million of pre-seed funding led by East Ventures
FLIK, an Indonesian-based startup that provides a unified checkout solution, announced that it had secured US$ 1.1 million of pre-seed funding led by East Ventures, with the participation of Init-6, GMO VenturePartners, and Saison Capital.