Indonesia’s Moladin receives funding from East Ventures in pre-Series A round

The Jakarta-based e-commerce platform for motorcycles has received an undisclosed amount of funding in its pre-Series A round led by East Ventures.

Indonesia’s Moladin receives funding from East Ventures in pre-Series A round | BEAMSTART News

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Moladin, established in 2017, provides a marketplace for Indonesian consumers to purchase new motorbikes.

Previously in July 2018, Moladin announced a fresh capital injection of $1.2 million from East Ventures, Berjaya Group, and Ethos Partners.

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The startup claims to draw over 8,000 listings within seven months when it opened its platform for used motorbikes in May 2019.

Moladin plans to use the new capital to scale up its existing products, expand to other cities, and build out new features such as a category for new-car sales.

“Since its inception, Moladin continues to improve its products and innovation to answer the needs of all Indonesian motorists. This is in line with Moladin’s vision to become a one-stop automotive platform and an inseparable part of Indonesian motorists’ lifestyle,” Mario Tanamas, COO of Moladin, said.

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