Volta Zaps Up Funding to Juice Indonesia's EV Battery Swap Network

Indonesian e-moto startup Volta just scored fresh funding to power up its national battery swap network.

The company's parent, Energi Selalu Baru (which sounds like an energy drink), roped in strategic cash from Malaysian oil giant Petronas' VC wing Twin Towers Ventures and investor Rigel Capital.

The Product

Volta's swap stations let riders quickly exchange depleted batteries for fully charged ones. Which saves them from long recharging waits.

The company was created last year by the Indonesian delivery app SiCepat and financial firm MCash Group.

Funding and Expansion

This boost will let Volta juice up its swap station network, upgrade its tech, and vroom ahead to grab more e-moto market share in Indonesia.

So far, they've enabled over 3 million battery swaps and saved 20,000 tons of CO2 - not too shabby!

Petronas investing through its VC arm is a fun twist since electric motors mean fewer gas sales for them. But the oil giants seem to be embracing the electrified future. And pumping funds into Volta will help Indonesia's drivers go green while still zipping around fast.

Future Plans

This new jolt of funding will let Volta energize Indonesia's EV infrastructure and get more drivers charged up about emissions-free riding.

Soon, locals will be zapping between swap stations for hassle-free top-ups. And Volta's tech upgrades will make powering around the country smooth as butter. So get ready, Indonesia - your e-moto revolution is charging ahead!