HHP Law Firm (HHP) has assisted PT Energi Selalu Baru (ESB) in its pre-Series A funding round, in which ESB has garnered substantial investments from LX Ventures and SAIC Capital.
The infusion of capital will be instrumental in ESB’s plans to accelerate product development, expand market reach and enhance technological capabilities. It plans to leverage these investments to spread its Volta electric fleet, expand its battery-swapping infrastructure, and explore innovative solutions in electric vehicle (EV) technologies.
ESB, a subsidiary of PT NFC Indonesia Tbk, is a clean energy company focused on providing infrastructure for EV players in Indonesia. Through its subsidiary PT Volta Indonesia Semesta, ESB manufactures electric motorcycles under the brand name Volta.
ESB also provides a Battery Swap System (Sistem Ganti Baterai or SGB), which allows electric motorcycle users to swap their batteries easily, enhancing user convenience. Its battery swap stations and Volta dealerships are located throughout Indonesia. By providing essential infrastructure, ESB contributes to the transition to clean energy and sustainable transportation in Indonesia.
The HHP team was led by Daniel Pardede. Daniel was supported by Andrew Gadd, Eric Chunata and Santri Satria.
