Blitz Electric Mobility raised $1.6 million in an oversubscribed seed extension funding round led by ADB Ventures to accelerate AI and EV logistics expansion across Indonesia.
Amount Raised
$1.6 Million
Round Type
Seed
Investors
Description
Blitz Electric Mobility announced the successful closure of its oversubscribed seed extension funding round, securing $1.6 million from notable international and regional investors, including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments, with ADB Ventures leading the round. This brings Blitz's total funding to date to $2.6 million and accelerates its expansion across Indonesia.
Quick answer
Blitz Electric Mobility raised $1.6 Million in a Seed round, dated March 19, 2024. Investors: Satvik Investments, Bansea, Bon Billo Fund, Third Derivative, Five Forty Alpha, Iterative VC and ADB Ventures.
- How much did Blitz Electric Mobility raise?
- Blitz Electric Mobility raised $1.6 Million in a Seed round on March 19, 2024.
- Who invested in Blitz Electric Mobility?
- Satvik Investments, Bansea, Bon Billo Fund, Third Derivative, Five Forty Alpha, Iterative VC and ADB Ventures are named as investors in this round.
- What does Blitz Electric Mobility do?
- Blitz is Southeast Asia’s leading EV logistics enabler, delivering instant and same-day solutions tailored to your business needs.
- Where is Blitz Electric Mobility based and how big is it?
- Fundz records about 61 employees.
- Who are the decision-makers at Blitz Electric Mobility?
- Fundz holds 1 contact at Blitz Electric Mobility. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Blitz Electric Mobility that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- Zypp Electric raised $40M (Series C) on April 12, 2024.
- Windrose Technology raised $110M (Series B) on April 11, 2024.
- Zelos Technology raised $100M (Series A) on February 27, 2024.
- Mober raised $2M (Seed) on February 14, 2024.
- Motional raised $923M (Funding Round) on May 2, 2024.
Who to call at Blitz Electric Mobility, and when
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