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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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MAKA Motors
Seed

Cikarang| Est. 2021

Building EV motorcycles from scratch (not rebadging Chinese CKDs). Focus on robust bikes for Indonesian conditions (water resistance, heavy loads).

SectorEV / Automotive
Total FundingUS$ 37.6M
ValuationUndisclosed
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Investment Thesis

"Indonesians need robust bikes for local conditions. Existing EVs are inadequate. MAKA is building the "Toyota Kijang" of EVs."

Recent Signals

  • 01Largest SEA Seed round ($37.6M).
  • 02Building factory in West Java.
  • 03Prototype testing phase.
  • 04Ex-Gojek founders.

Key People

  • R
    Raditya Wibowo
  • A
    Arief Fadillah

Cap Table

AC Ventures East Ventures SV InvestmentArise

Verified Funding History

RoundDateAmountParticipating Investors
SeedJul 2023US$ 37.6MAC Ventures (co-lead), East Ventures (co-lead), SV Investment (co-lead), Northstar, Provident, AlfaCorp, Skystar Capital, Peak XV Partners, Openspace, Shinhan, BEENEXT, Kinesys, M Venture Partners

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