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ALVA logo — Change the Game

ALVA

Change the Game

Founded 2021 Indonesia Indonesia 311 employees Series B Total: $60.00M Manufacturing

General Information

Company Name ALVA
Founded Year 2021
Location Indonesia Indonesia
Employees 311
Industries Manufacturing
Funding Stage Series B
Social

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About ALVA

ALVA is a member of Ilectra Motor Group (IMG), which belongs to Indika Energy, operating in the 2-Wheeler Electric Vehicle (2W EV) industry. It presents itself as a lifestyle mobility solution provider with a strong commitment to "Green and Sustainable Mobility for the World." ALVA's vision is to establish itself as an electric mobility champion and reshape sustainability while their mission focuses on delivering innovative mobility solutions in a sustainable manner. Founded in 2021 and headquartered in Indonesia, ALVA recently secured a significant $50.00M Series B investment on 21 August 2023. The investors in this funding round include Horizons Ventures, Brama One Ventures, and Foxconn Co-GP Fund. As a manufacturing startup, ALVA is well-positioned to capitalize on the growing demand for eco-friendly mobility solutions. With the backing of prominent investors and a clear vision for the future, ALVA looks set to make significant strides in the electric vehicle industry.

Business keywords: 2-Wheeler Electric Vehicle, Electric Mobility, Sustainable Mobility, Green Technology, Eco-Friendly Transportation, Lifestyle Mobility, Sustainability Champion, Electric Vehicle Industry, Green Solutions, Sustainable Lifestyle, Green and Sustainable Mobility, Electric Mobility Solutions, New Mobility Lifestyles, Electric Mobility Champion, Eco-Friendly Innovation

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $50.00M 3
Horizons Ventures Brama One Ventures
Horizons Ventures, Brama One Ventures +1
21 Aug 2023
Debt Financing $10.00M 1
Standard Chartered Bank
21 Dec 2022

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FAQ About ALVA

Change the Game
ALVA was founded in 2021.
ALVA is headquartered in Indonesia.
ALVA operates in Manufacturing. Its work centres on 2-Wheeler Electric Vehicle, Electric Mobility, Sustainable Mobility and Green Technology.
ALVA has approximately 311 employees.
ALVA has completed 2 funding rounds, raising a total of $60.00M. The latest funding stage is Series B.
Top alternatives and competitors to ALVA include Scooter, TELO Trucks, fox e-mobility, TENWAYS E-Bike, Italcar Industrial S.r.l. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ALVA and Scooter are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ALVA, https://bouncewatch.com/company/alva-1, updated 28 November 2024. When citing, please name BounceWatch and link this page.

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