Indonesia’s GoTo has extended a loan facility to EV motorbike maker Electrum, while cryptocurrencies data aggregator CoinGecko has acquired the NFT data infrastructure and intelligence company Zash.
GoTo extends $2.9m loan to Electrum
Indonesian giant tech firm PT GoTo Gojek Tokopedia (GoTo), through its subsidiary PT Rekan Anak Bangsa (RAB), has extended a loan facility of 45 billion rupiah ($2.9 million) to the electric motorbike maker PT Energi Kreasi Bangsa, popularly known as Electrum.
RAB provided the loan facility with a tenure of three years and an interest rate of 10.95%, according to a disclosure on Indonesia Stock Exchange (IDX) on Wednesday. Electrum will use the loan facility for operational expenditure (opex) and capital expenditure (capex).
Electrum, jointly owned by GoTo and TBS Energi Utama, unveiled its own e-scooter model, battery packs, and swap stations earlier this month.
The launching of the e-scooter follows the commencement of the construction of Electrum’s electric scooter factory in June 2023. Upon completion in mid-2024, the factory will be able to produce up to 250,000 EV units per year and up to 1 million units per year in the next four years.
Last year, Electrum began its two-wheeler EV pilot in Jakarta under the GoRide Electric service, with 500 EVs operated by Gojek driver-partners. Electrum was part of last year’s G20 Summit in Bali, Indonesia, serving as the official partner providing EVs.
CoinGecko buys NFT infra provider Zash
Cryptocurrencies data aggregator CoinGecko has expanded its crypto data API offering with the acquisition of the NFT data infrastructure and intelligence company Zash.
Founded by CEO Parit Patel and CTO Efe Surekli in 2021, Zash provides enterprise-grade, indexed NFT data across 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana and Bitcoin Ordinals. Zash covers NFT metadata, historical trades and lending data, and additionally deploys advanced data science techniques through its proprietary algorithms to detect wash trades at scale.
Founded in 2014, CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.