Charged Indonesia, a new electric motorcycle startup, has secured a US$4.5 million (approximately IDR 68 billion) investment led by Singapore-headquartered DeClout Ventures.
Charged Indonesia intends to launch a range of “affordable and practical” e-motorcycles for commercial fleets and individuals in the archipelago in Q4 2022.
Founded in 2022, Charged Indonesia is a direct-to-user e-motorcycle manufacturer and distributor.
The firm is currently rolling out a 16,000-square metre zero energy facility in Greater Jakarta to house its experiential centre and R&D and production engineering teams.
The firm starts with three models to cover varying needs, including personal transportation, logistics, corporate fleets, and ride-hailing services. The firm aims to accelerate the adoption of electric vehicles (EVs) to mitigate air pollution and improve the overall mobility experience in Indonesia.
Also Read: Oben Electric wants to RORR past other e-motorcycles in India with its ICE-comparable model
Stephanus Widi, Chief Commercial Officer at Charged Indonesia, said: “Carbon emissions from traditional combustion motorcycles are one of the main sources of air pollution in Indonesia. Charged Indonesia aims to improve this by leading the transition of combustion motorcycle users towards sustainable mobility. We see ourselves as part of the sustainability movement in Indonesia with the government, state-owned enterprises, NGOs, supply chain partners and other ecosystem members to create a future with cleaner air, reduced pollution and better health for our future generations and environment.”
“This investment is a strategic one for us as we see strong alignment and synergies between Charged Indonesia’s business and our portfolio companies in the smart city infrastructure, IoT, and cleantech space,” said DeClout CEO Lim Swee Yong.
Indonesia’s EV sector is still in its infancy. According to a Gaikindo’s report, only 705 total EV sales were recorded in 2019. As of June 2021, the number of EV sales in the country totaled 1,900 units. When viewed from the total sales of cars in Indonesia in the first semester of 2021, the interest in the EV market is at 0.5 per cent of total cars sold.
—
Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.
The post DeClout Ventures leads US$4.5M investment in e-motorcycle startup Charged Indonesia appeared first on e27.