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Horizons Ventures leads IMG's Series B investment round along with HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund) and Indika Energy as the largest investors

PT Ilectra Motor Group (IMG or ALVA) with its brand ALVA has finalized its Series B fund raise, totalling up to USD50 million. The round which included all previous investors, is led by Horizons Ventures. New investors include HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund), which together with Horizon Ventures and Indika Energy, form the largest investors of IMG to date. New investors other than Foxconn Co-GP fund include Brama One Ventures. Proceeds from the Series B funding will be used. ....

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Indonesian energy firm Indika weighs $2b EV venture with Taiwan's Foxconn

Indonesian energy firm Indika weighs $2b EV venture with Taiwan's Foxconn
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Indonesia's higher coal output target thwarted by heavy rains | Hellenic Shipping News Worldwide

Indonesia, the world’s biggest exporter of coal used for power generation, is facing challenges in hitting its output target for the fuel because of heavy rains that have slowed activity at key mines in recent months. Global coal prices have soared to records this year on a recovery in industrial fuel demand and constrained mine . ....

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