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§ Private Profile · Yogyakarta, Yogyakarta, Indonesia
Maka Motors is a technology company.
Maka Motors develops electric motorcycles specifically engineered for the Indonesian market. Their flagship product, the MAKA Cavalry, emphasizes durability and performance tailored to local road conditions and rider needs. The company focuses on in-house research and development, utilizing local engineering and craftsmanship to create robust vehicles that offer an enjoyable riding experience adapted to the region's unique demands.
Founded in 2022 by Raditya Wibowo and Arief Fadillah, Maka Motors emerged from the founders' extensive experience as veterans in the ride-hailing industry. This background provided them with critical insights into urban transportation challenges and the significant demand for efficient, reliable two-wheeled vehicles in Indonesia. Their initial vision was to address these specific needs by offering domestically designed and produced electric mobility solutions.
Maka Motors targets Indonesian riders, particularly those in urban environments who require dependable and cost-effective personal transport. The company's long-term vision is to accelerate the adoption of electric vehicles across the archipelago by consistently delivering the "most enjoyable" electric motorcycles in Indonesia. They aim to contribute to a sustainable transportation future through locally relevant and high-quality electric offerings.
Maka Motors has raised $38.0M across 1 funding round.
Maka Motors has raised $38.0M in total across 1 funding round.
Maka Motors has raised $38.0M across 1 funding round. Most recently, it raised $38.0M Seed in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2023 | $38M Seed | Michael Soerijadji, East Ventures, SV Investment | Jungle Ventures, Openspace Ventures, Alfa Ventures, Beenext, Kinesys Group, M Venture Partners, Northstar Group, Peak XV Partners (Sequoia Capital India), Provident, Shinhan Venture Investment, Skystar Capital | Announced |
Maka Motors has raised $38.0M in total across 1 funding round.
Maka Motors's investors include Michael Soerijadji, East Ventures, SV Investment, Jungle Ventures, Openspace Ventures, Alfa Ventures, Beenext, Kinesys Group, M Venture Partners, Northstar Group, Peak XV Partners (Sequoia Capital India), Provident.
MAKA Motors is an electric vehicle startup building high-performance electric motorcycles tailored for Indonesian riders, emphasizing durability, power, range, and affordability to drive EV adoption in a market dominated by fossil-fueled two-wheelers.[1][2][4] The company serves everyday riders facing Indonesia's diverse road conditions, solving key barriers like high fuel costs, uneven terrain, and reliability concerns by offering in-house tech like the Intercellar™ battery, Revium™ dynamo, and Osiris™ controller for superior acceleration, efficiency, and comfort comparable to gasoline bikes.[2][4][8] Its flagship MAKA Cavalry, debuted in 2024, features cutting-edge suspension and lithium iron phosphate (LFP) batteries for longer rides, positioning MAKA as a leader in Indonesia's shift to sustainable mobility amid government pushes for domestic manufacturing and subsidies.[2][5]
Backed by investors like East Ventures and ACV, MAKA aligns with UN SDGs including good health, well-being, and climate action, targeting retail consumers beyond ride-hailing with competitive financing and stylish designs.[1][2][5]
Founded in 2022, MAKA Motors emerged from the garage of co-founder Raditya Wibowo (CEO, industrial engineering background) and Arief Fadillah (CTO, design engineering expertise), lifelong two-wheeler enthusiasts and ex-Gojek colleagues with seven years in ride-hailing.[2][4] Their idea stemmed from personal frustrations as Indonesian riders—navigating potholed roads and high maintenance—combined with insights from 125 million local motorcyclists who prioritize cost, performance, and reliability over pure sustainability.[4]
Early days involved hands-on prototyping, like experimenting with dynamos, leveraging their user-centric experience to design from scratch despite challenges in full R&D.[2][4][5] Pivotal traction came with the 2024 launch of the locally designed MAKA Cavalry, marking Indonesia's EV self-sufficiency push.[2]
MAKA Motors rides Indonesia's EV two-wheeler boom, fueled by 125 million riders, government mandates for domestic production, subsidies, and sustainability goals amid rising fuel costs and emissions pressures.[2][4][5] Timing is ideal as legacy brands lag in specs, creating openings for agile startups like MAKA with in-house innovation over outsourced tech.[5]
Market forces favor locals: infrastructure gaps, consumer demand for reliable alternatives, and energy transition needs position MAKA to accelerate adoption, influencing the ecosystem by benchmarking performance and inspiring R&D in Southeast Asia's climate tech scene.[1][4][5]
MAKA Motors is poised for inflection with its R&D edge, eyeing mass retail scaling via financing and subsidies while expanding beyond Cavalry to broader EV2W lines.[5] Trends like infrastructure buildup, subsidy expansions, and competition upgrades will shape growth, potentially evolving MAKA into Indonesia's EV mobility benchmark—delivering the durable, powerful rides that redefine greener roads for millions.[2][4][5]