ALVA
Change the Game
Change the Game
ALVA is a member of Ilectra Motor Group (IMG), which belongs to Indika Energy, operating in the 2-Wheeler Electric Vehicle (2W EV) industry. It presents itself as a lifestyle mobility solution provider with a strong commitment to "Green and Sustainable Mobility for the World." ALVA's vision is to establish itself as an electric mobility champion and reshape sustainability while their mission focuses on delivering innovative mobility solutions in a sustainable manner. Founded in 2021 and headquartered in Indonesia, ALVA recently secured a significant $50.00M Series B investment on 21 August 2023. The investors in this funding round include Horizons Ventures, Brama One Ventures, and Foxconn Co-GP Fund. As a manufacturing startup, ALVA is well-positioned to capitalize on the growing demand for eco-friendly mobility solutions. With the backing of prominent investors and a clear vision for the future, ALVA looks set to make significant strides in the electric vehicle industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series B | $50.00M | 3 |
|
21 Aug 2023 |
| Debt Financing | $10.00M | 1 | Standard Chartered Bank | 21 Dec 2022 |
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