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Moladin, an online motorcycle platform in Indonesia, received $ 1.2 million in funding from East Ventures Berjaya Group and Ethos Partners, the startup announced in a statement
The Moladin platform is trying to help bikers find information and allow the purchase of motorcycles. The platform also offers other features such as a directory of repair shops, a question-and-answer forum for bikers and a space where users can share their opinions on spare parts and clothes.
More than 40 dealers and some of the largest finance companies. Moladin claims to have made more than $ 1 million worth of transactions and is growing 20 to 30 percent every month.
"The growth is mainly due to the extreme ease of buying motorcycles via the platform.Before Moladin, the purchase of motorcycles from dealers took a long time and weighed heavily. While waiting to make 2 or 3 visits to dealerships to cope with the complicated process of buying, financing and registering plates, Moladin eliminates these hassles by manipulating the entire process for them. consumers without them having to enter any dealer, "said Jovin Hoon, founder of Moladin C.
The start-up will use funding for the expansion and growth of Other regions Indonesia.
Willson Cuaca, managing partner of East Ventures, said: "Potential buyers do not need to travel far and wait long to buy a motorcycle The sales volume of Moladin in May 2018 was since its launch in January. There is a lot of room for growth in the motorcycle industry. "
East Ventures invested last year in a similar start-up for car sales called Mobilkamu, which aims to help consumers choose their cars through a personalized experience. The latest VC company financing was also in an auto-related start-up in the form of an undisclosed amount Montir Amount, an automotive services company and parts of spare to the request which aims to bring a car workshop to the customer's location. See also:
Montir raises series A of the Indonesian automotive services company
Matrix Partners co-directs $ 473m round in CHJ Automotive China's electric car manufacturer Malaysia Carsome to invest $ 7.1M in Indonesian operations
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