Horizons leads $50m round for Indonesia EV player IMG
Horizons Ventures, a deep tech investment arm of Hong Kong billionaire Li Ka-Shing, has led a USD 50m Series B round for Indonesian electric vehicle (EV) maker Ilectra Motor Group (IMG).
Foxconn and local energy company Indika Energy also participated. Foxconn, also known as Hon Hai Precision Industry, is investing through a joint venture with Taiwan’s CTBC Financial Holding called HH-CTBC...
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