Get Initial Funding, Charged Indonesia Immediately Releases Its First Electric Motor in October 2022

Aiming to present a platform that has an impact on the environment and helps the wider community enjoy electric motor vehicles, Charged Indonesia just launched early 2022. They plan to launch the first electric motor in October this year.

Charged powered by an industrial complex zero energy (using sustainable energy resources) covering an area of ​​16.000 square meters in Greater Jakarta. Later the location will be used as a research and development center, experiential center, as well as a production center. In the near future, the company also has plans to establish showroom with an environmentally friendly concept in the Kemang area, South Jakarta.

Initial product

For the initial stage, Charged Indonesia will release 3 practical and affordable electric motorcycle models to meet various needs including personal transportation, logistics, company fleets, and services. ride hailing.

In addition, they will also provide an adapter for charging batteries that can be used by users at home. To control the condition of the motor, through the application you can see the development of the motor, making it easier for users to carry out motor maintenance.

"We are committed to driving major changes towards the use of electric motorcycles that are affordable, practical and also in demand by users in Indonesia, and strive to improve the driving experience felt by millions of motorcycle riders and passengers," said Commercial Director of Charged Indonesia Stephanus Widi.

This year, Charged Indonesia has a target to introduce more widely their electric motors to their target users. By promoting the concept of being friendly to the environment, they hope that their electric motors can be used by more people in Indonesia.

Initial funding

As a first step, Charged Indonesia has pocketed initial funding from DeClout Ventures worth $4,5 million (approximately IDR 68 billion). According to DeClout Ventures CEO Lim Swee Yong, the strategic partnership forged with Charged Indonesia is expected to encourage the use of electric-based motorcycles in Southeast Asia, starting with Indonesia.

"This investment is a strategic investment for us because we see strong alignment and synergy between the Charged Indonesia business and our portfolio companies in the areas of smart city infrastructure, IoT and clean technology. "

Founded in 2016, DeClout Ventures is a wholly owned subsidiary of Exeo Global Pte. Ltd., as the regional headquarters of Exeo Group, Inc. listed on the Tokyo Stock Exchange. The company started as a two-tier platform consisting of incubation and fundraising facilitation for startups and growth-enterprise.

In February 2020, DeClout Ventures invested in ICHX Technologies (iSTOX), a blockchain Capital Markets platform that offers issuance, settlement, storage and secondary trading of digital securities.

Development of electric motors in Indonesia

DailySocial.id noted that in recent years, technology and energy companies to venture capitalists have been busy working on electric vehicle project. This is to support the government's efforts to make Indonesia the center of electric vehicle production in Southeast Asia with a target of producing 600 thousand electric cars and 2,5 million electric motorcycles by 2030.

Since 2019, the development of the distribution of electric motors or known as electric vehicles has been quite widespread in Indonesia. Starting from technology companies like Grab to Goto which then invests through a joint venture (JV) called Electrum in 2021, then through its subsidiary PT Rekan Anak Bangsa (RAB) releases electric motor assets, battery equipment, and trademarks worth 23,6 billion Rupiah to PT Energi Kreasi Together (EKB).

In addition to electric motor developers, there are also startups that have received funding from venture capital, namely: SWAPEnergy a technology company that builds battery exchange infrastructure in Indonesia. Currently, SWAP has more than 400 swap stations placed in Jakarta, Bogor, Depok, Tangerang, Bekasi (Jabodetabek), and Bali. By the end of 2022, they plan to place more than 1500 battery charging stations in several big cities in Indonesia.

There's also ION Mobility which is a smart electric motor development company. Smart here because they've embedded artificial intelligence software for multiple tasks, such as power saving and ease of use. The company is based in Singapore, Shenzhen (China), and Jakarta.