The Indonesia tech news snapshot for January, February and March of 2024 – the first quarter – touched on items including: the impact of artificial intelligence on Indonesia’s 2024 presidential elections; the inroads made by China’s BYD into Indonesia for electric vehicle manufacturing; climate technology funding, focused on Indonesia; and more.
Hit the links below to read each of the articles behind the featured Indonesian technology news headlines in full, online and free-of-charge.
In March 2024 | In February 2024 | In January 2024
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Indonesian tech: 03/2024
- Indonesia: Wagely fintech secures $23M with earned wage access platform and financial services / read it here
- Indonesia’s East Ventures VC and Singapore’s state fund, Temasek, unveil 3 new tracks for Indonesia-focused Climate Impact Innovations Challenge 2024 / read it here
- Indonesia: Microsoft AI Founders Club launched recently to provide a community for AI-based B2B startup founders, with 18 Indonesian startups so far selected / read it here
- Indonesia’s Telkomsel partners Taiwan’s AppWorks to launch 9th edition of TINC startup accelerator program / read it here
- Indonesia: AwanTunai raised $27.5M Series B with lending capital and risk management fintech focusing on SMEs in the fast-moving consumer goods sector / read it here
- Indonesia: Qoala insurtech startup closes $47M Series C round led by PayPal Ventures with personalized insurance for Indonesia’s young and largely uninsured marketplace / read it here
Indonesia tech: Feb 2024
- Video: ‘Indonesia election gives glimpse of AI influence on democracy‘, a look at the use of artificial intelligence technologies in the successful Prabowo Subianto presidential campaign
- ‘Next, Rizal plans to take the platform to India before its general election… “Because Indonesia is before the US and India … this election [Indonesia] is a warm up,” he said.’
- Indonesia: Even following $840M deal with GoTo, country’s largest e-commerce platform, to avoid ban and continue operating in the country, TikTok remains in violation of regulations, says gov’t minister
- “In another video that attracted intense criticism, AI-generated children were used by the party in a TV commercial to skirt rules banning children from appearing in political campaigns”
- Indonesia: Ministry of Communication & Informatics gains US feasibility study grant to develop Open RAN cellular wireless connectivity to 1621 unserved rural villages
- South Korea: Indonesia’s East Ventures VC introduces first managing partner for $100M East Ventures South Korea fund, formed in partnership with SV Investment
INdonesian tech: January 2024
- Indonesia: Semaai agritech startup raised $4.7M Pre-A with full-stack agri-tech to help farmers and rural MSMEs boost earnings, in part with access to better financing, services and new markets
- Indonesia: Vietnam’s VinFast and Green & Smart Mobility Corporation, GSM, partner Indonesia’s GoTo Gojek Tokopedia for $2.1BN EVs collaboration
- Indonesia: China’s BYD electric vehicle maker to invest $1.3BN to build a manufacturing plant in Indonesia, targeting production capacity of 150,000 units
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