# Maka Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maka-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Yogyakarta, Indonesia
- Website: www.maka-motors.com
- Total disclosed funding: $38M
- Latest round: Seed (Jul 20, 2023)
- Investors on record: 13

## About

Based in Yogyakarta, Indonesia, and founded in 2021 by its CEO Raditya Wibowo and CTO Arief Fadillah, Maka Motors operates as a manufacturer of electric motorbikes designed to cater to the diverse needs of riders. In July 2023, Maka Motors raised USD 37.6 million in seed funding co-led by AC Ventures, East Ventures, and SV Investment, with participation from AlfaCorp, BEENEXT, Kinesys Group, M Venture Partners, Northstar Group, Openspace Ventures, Peak XV Partners, Provident Capital Partners, Shinhan Venture Investment, Skystar Capital, and SV Investment.     

Maka Motors offer a portfolio of electric motorcycles equipped with electric motor technology. The company also provides customization options to its riders.

The company plans to use the seed funding for research and development of its in-house development of EVs.

## Funding rounds

- Seed, Jul 20, 2023, $38M — Northstar Group, Shinhan Venture Investment, East Ventures, SV Investment, BEENEXT, Skystar Capital, Openspace Capital, Provident Capital Partners, Kinesys Group, AC Ventures, M Venture Partners, Peak XV Partners, AlfaCorp

## Investors

- Northstar Group (https://capitalatlas.ai/funds/northstar-group) — Seed
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- SV Investment (https://capitalatlas.ai/funds/sv-investment) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- Skystar Capital (https://capitalatlas.ai/funds/skystar-capital) — Seed
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Seed
- Provident Capital Partners (https://capitalatlas.ai/funds/provident-capital-partners) — Seed
- Kinesys Group (https://capitalatlas.ai/funds/kinesys-group) — Seed
- AC Ventures — Seed
- M Venture Partners (https://capitalatlas.ai/funds/m-venture-partners) — Seed
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed
- AlfaCorp — Seed