Singapore-headquartered DeClout Ventures - the corporate venture arm of DeClout - has led a US$4.5 million investment in e-mobility scale up, Charged Indonesia.
Charged Indonesia, which was conducting its inaugural funding round, is a direct-to-user electric motorcycle manufacturer and distributor that aims to speed up the adoption of electric vehicles to alleviate air pollution in Indonesia.
It is presently establishing a 16,000 square metre zero energy facility in Greater Jakarta where its experiential centre, research and development as well as production engineering teams will be based. It intends to launch affordable electric motorcycles for commercial fleets and individuals in Indonesia in Q4.
Stephanus Widi, chief commercial officer for Charged Indonesia, said: "Carbon emissions from traditional combustion motorcycles are one of the main sources of air pollution in Indonesia, and Charged Indonesia aims to improve this by leading the transition of combustion motorcycle users towards sustainable mobility."
Lim Swee Yong, chief of Declout Ventures, described the investment as a strategic one, pointing to the strong alignment and synergies between the firm and DeClout Ventures' portfolio companies in the smart city infrastructure, IOT and cleantech spaces.