Foreign Players Invest in Nickel and Battery Plants, Advancing Indonesia’s Electric Vehicles Industry
China’s Zhejiang Huayou Cobalt just announced a partnership with electric vehicle battery maker EVE Energy and other players for a USD 2.08 billion nickel and cobalt project in Indonesia. This will represent Huayou’s third battery nickel smelting project in Indonesia....
Indonesian Health Startup Prixa Secures USD 3 Million in Funding
Indonesian Health Startup Prixa has just secured USD 3 million of funding from Telkom Indonesia’s MDI Ventures, Trans-Pacific Technology Fund and Siloam Hospitals Group. Since its founding in 2019, Prixa has raised a total of USD 4.5 million. The new funds will be...
Covid-19 Leads Indonesia’s Mom and Baby Products Market to Register Double Digit Growth
The domestic demand for mom and baby products is poised to enjoy double-digit growth by 2025. This is backed by an increasing number of online shoppers and tech-savvy mothers, as well as a higher birth rate in the context of the Covid-19 pandemic. The National...