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The company expects to go public in Indonesia in the first half of 2022.

As the third largest motorized two-wheel market in the world, Indonesia logs 7 million vehicle sales every year, but less than 3% run on batteries.

Investment part of fundraising round said to be targeting total of USD 1.5 billion.

Competition intensifies as digital services leapfrog legacy financial systems.

While the BNPL payment method may boost e-commerce spending, it can also drive consumerism and potential debt among consumers.

Analysts believe that tech stocks such as Bukalapak will lure young retail investors and inspire other internet companies to hit the local capital market.

‘Super app’ provider teams with gas major and business group to fight shortage.