ALVA e-motorbike development in Indonesia to be supported by Series B fund raise; Foxconn among largest investors
Announced on August 21, 2023, PT Ilectra Motor Group (IMG), with its total mobility solution brand ALVA, has finalized its Series B fund raise, totaling up to USD 50 million. Proceeds from this funding will be used to continue accelerating ALVA’s electric motorbike and other product developments and scaling up networ....
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