SEA Digest: VinFast plans $1.2b investment in Indonesia; SG startup Meiro raises $3m

Customer data platform Meiro has raised $3 million in pre-Series A funding, while Vietnam’s VinFast is planning to invest $1.2 billion to promote electric vehicles in Indonesia.

Gojek, GSM, VinFast sign MoU to promote EVs in Indonesia

Vietnamese automaker VinFast plans to invest at least $1.2 billion in Indonesia over the long term to distribute vehicles and establish an electric vehicle manufacturing plant, according to an announcement.

VinFast said about $200 million will be used to establish an EV plant with a projected production capacity of 30,000-50,000 vehicles per year in Indonesia.

Separately, Green and Smart Mobility Corporation (GSM), which is headed by Vietnamese billionaire chairman of Vingroup Pham Nhat Vuong, also plans to invest around $900 million in Indonesia in the near future.

VinFast and GSM will collaborate with GoTo Gojek Tokopedia in Indonesia’s to promote the use of EVs among drivers of four-wheel vehicles on the Gojek platform.

“Gojek has signed an MoU with VinFast and GSM which aims to promote green transportation through the use of electric vehicles in Indonesia,” the three companies said in a joint statement.

Wavemaker Partners leads Meiro’s pre-Series A round

Meiro, a Singapore-based customer data platform (CDP), has announced raising $3 million in its pre-Series A funding round anchored by Southeast Asian venture investor Wavemaker Partners.

The oversubscribed round was also backed by angel investors at Singapore’s Angel Central.

Meiro, which also has offices in Central Europe, said it will use the fresh funding to accelerate its growth trajectory and expand its presence in Europe and Southeast Asia.

It also plans to enter new markets, starting with Dubai in 2024 after launching its initial partnerships and securing its first clients there late last year.

Founded in 2018 by Pavel Bulowski, Jana Marlé-Zizková, and Vojtěch Kurka, Meiro enables brands to better understand their customers and engage with them to help improve marketing efficiency and ROI.

The startup analyses customers’ digital identities, combining customer relationship management (CRM) with behavioural data from mobile apps and websites.

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