The firm is set to raise its Series B round in 2022, aiming to close by the middle of the year.

The startup’s compact motorcycle storage system is available at 20 locations in Jakarta, Bandung, and Yogyakarta.

Indonesia-based J&T has quickly expanded into Southeast Asia, but China is now its main target.

After Nadiem Makarim, more tech executives have switched over to the public sector, with the latest being Bukalapak’s Rachmat Kaimuddin.

The firm currently monetizes its service by charging 8% on top of tickets that are sold via its platform.

The startup also offers various financial services to workers who use the MyRobin app.

CeriTech was a finalist at the second Alibaba Cloud x KrASIA Global Startup Accelerator Indonesia Demo Day.

New digital banks were created this year while regulators inked new regulations and a blueprint to support the industry.