Maka Motors is a technology company.
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 in total across 1 funding round.
Maka Motors's investors include Jungle Ventures, Openspace Ventures.
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]
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 |
|---|---|---|---|
| Jul 1, 2023 | $38.0M Seed | Jungle Ventures, Openspace Ventures |