News Summary

• “Indonesia is the world’s third-largest market for powered two-wheeled [vehicles], but EV penetration is still relatively low.”The startup says existing players in Indonesia, with only a fleet of 43,000 registered electric motorcycles, have not fully met the country’s goal, which aims to produce 600,000 electric vehicles by 2030.
• Most 2W EV products with larger batteries and more motor power are more expensive than a gasoline bike.Maka’s mission is to build the best electric motorcycle, which can benefit Indonesian users to save money on gas.
• Many of its team have previously worked for gasoline motorcycle manufacturers in Indonesia and global automotive companies in Japan and Germany.Dat Bike is the creator of Vietnam’s first domestic electric motorbike
• A recent report said that Indonesia’s electric vehicle (EV) market is projected to reach $20 billion by 2029, up from $533 million in 2022.
• We stand behind the team’s deep knowledge of the local market, gained through comprehensive research and industry experience.”The company has around 40 staff members on its team.
• (L-R) MAKA Motors Co-Founder & Chief Technology Officer Arief Fadillah_ MAKA Motors Founder & Chief Executive Officer Raditya Wibowo“Many current two-wheeled EV products are imported as Completely Knocked Down (CKD) kits from China and are designed for the needs of users in China,” the CEO said.