Indonesian EV startup Swap Energi has raised $22 million in a Series A funding round. The investment was led by Qiming Venture Partners, Ondine Capital, and GGV Capital. Swap Energi provides electric motorbike battery exchange and infrastructure services in Indonesia, with over 1,300 swapping centers across multiple cities. The company has partnered with EV manufacturers Smoot and Minerva Electrons, as well as retailers such as Shell and Alfamidi to expand its battery exchange infrastructure. Swap Energi also collaborates with industry leaders Grab and Perusahaan Listrik Negara to develop an integrated electric vehicle ecosystem in Indonesia. The funding will be used to further enhance the company’s network and services.
Indonesia’s Swap Energi nails $22M in series A funding!
Latest from Blog
VCFA Group Closes $1225M Venture Partners VII Fund
TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in
VCFA Group’s Venture Partners VII Fund Raises $1225 Million
TLDR: VCFA Group closed its latest fund, VCFA Venture Partners VII, with $122.5 million in commitments. The fund focuses on smaller and more complex purchases of later-stage venture capital and growth equity
Revolutionizing Payments: $20M Raised for Stablecoin Network Development
TLDR: 1Money has raised over $20 million in seed funding to develop a stablecoin payments network. The network aims to offer instant transaction confirmation, low-cost fees, multicurrency support, compliance mechanisms, and scalability.
Top AI Trends and Startups Shaping 2025 and Beyond
“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Sand Hill Road: Steve Vassallo’s Early Investment Edge at Foundation Capital
“`html TLDR: Steve Vassallo, a general partner at Foundation Capital, focuses on early-stage investments, often being the first institutional investor for startups. He emphasizes the importance of owning a significant stake in