The rise of EV two-wheelers in Southeast Asia
While electric vehicles (EVs) are poised to transform mobility across the world, a lesser-known revolution is underway in Southeast Asia (SEA) – the rise of electric two-wheelers. In a region full of motorcycles and scooters, these silent, emission-free alternatives offer the most immediate promise to SEA countries in combating climate change and leapfrogging into a sustainable future.
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.