JAKARTA -- Indonesian electric vehicle maker Energy Selalu Baru (ESB), which owns the Volta two-wheeler brand, has raised fresh funding led by Twin Towers Ventures (TTV), the investment arm of Petronas Ventures, and Rigel Star Fund LP, also known as Rigel Capital, according to an announcement.
DealStreetAsia
Indonesia two-wheel EV maker Volta raises fresh funds
Round led by TTV and Rigel Capital said to exceed $35m target
Volta was acquired in 2021 by Energy Selalu Baru, a joint venture between logistics company SiCepat and NFC Indonesia. (Screenshot from Volta's Facebook page)
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