JAKARTA - PT Energi Selalu Baru (ESB), a subsidiary of PT NFC Indonesia Tbk (NFCX), secures investments from LX Ventures and SAIC Capital in its pre-series A round of funding. Previously, this venture has also secured investments from Rigel Capital dan Twin Towers Ventures.

Okie Octavia Kurniawan, Director of NFCX, said that investments from LX Ventures and SAIC Capital will accelerate the measures of the company to expand its electric vehicle fleet and battery-swapping infrastructures.

“We are prepared to provide a more innovative and sustainable mobility solution to the users with their (investors’) support,” Kurniawan said in the information disclosure quoted Thursday (4/7).

LX Ventures, a venture capital under LX Group, is focusing on promoting sustainable energy, manufacture and logistics automatization, green materials, and semiconductor technology.

On the other hand, SAIC Capital will focus on innovations of future automotive and technology, including autonomous vehicles and clean energy (electricity and hydrogen based).

Wanjoong Jun, Director of Investment of LX Ventures, expresses his enthusiasm in supporting ESB to revolutionise the electric vehicle (EV) market in Indonesia. “Our investment is in line with our commitment to build sustainable future through renewable energy, resource recycles, and food technology,” he added. (LK/ZH)