This EV startup aims to make e-motorcycles a better choice for Indonesian consumers
Spotted: Home to over 125 million motorcycles, Indonesia has one of the largest markets for two-wheeled vehicles globally. Despite e-motorcycle sales tripling between 2021 and 2022, most motorbikes still rely on petrol and diesel, making them a central greenhouse gas emitter in Indonesia. MAKA Motors, an Indonesian EV startup, hopes to become a key player in helping mitigate transport-related emissions with its electric motorcycle.
Maka Motors aims to address an unmet need in the market by introducing a two-wheeled e-vehicle that offers a perfect combination of driving range, power, ease of use, and durability at competitive prices. Currently, most of the motorcycles available in the country are not built to withstand Indonesian road conditions and driving habits. Maka Motors plans to provide an e-motorcycle tailored to Indonesia and Indonesians, while also contributing to the country’s climate goals.
Avina Sugiarto, a partner at East Ventures and key investor in Maka Motors said: “We are excited to support Maka Motors on the journey to revolutionize the automotive industry. We believe Maka Motors exemplifies a commitment to sustainable mobility solutions, combining cutting-edge technology with environmental responsibility.”
Recently, the company announced that it has raised $37.6 million (around €34.3 million) in its latest seed funding round. This marks one of the largest seed funding rounds to date for a hardware startup in Southeast Asia, which was co-led by East Ventures, AC Ventures, and SV Investment.
In the archive, Springwise has previously spotted other innovators from around the world that are accelerating the uptake of sustainable vehicles, from a tech company assisting the EV transition in East Africa to a startup providing solar-powered bikes in rural Zimbabwe.
Written By: Georgia King