Is being a first mover really an advantage in Indonesia’s EV sector?

We look at how the early days of Indonesia’s EV industry. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Indonesia’s EV pioneers taking cautious steps forward]( - The top investors in Southeast Asia’s logistics and transportation sector --------------------------------------------------------------- Hello {NAME} I love those types of phrases where you take a commonly known saying and either add a new line after it or use a different context, and the overall meaning can change drastically. For instance, we all know that “blood is thicker than water,” which talks about how familial bonds are more important than anything else. However, there’s a [different interpretation]( out there that suggests a different meaning: “The blood of the covenant is thicker than the water of the womb.” In this scenario, it means that the relationships forged through those you choose are stronger than the ones you were born with, such as those with your family. There’s another one that I like, which is “the early bird gets the worm.” Now add another line after it: “But the second mouse gets the cheese.” It shows that while being a first mover can give you a big advantage, sometimes it’s better to sit back and let someone else take the risk of entering the mousetrap first. Only then do you make your move. Indonesia’s electric vehicle sector, which is growing rapidly but still in its nascent stage, is grappling with that question: Is it better to be the early bird or the second mouse? Today’s story takes a look at what the industry’s stakeholders have to say about being first movers. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Indonesia’s early EV pioneers are making ground but vulnerable to disruptors]( Electric vehicle companies are raising big bucks to ramp up manufacturing and infrastructure. But what happens if a Shopee-like newcomer appears? ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Series SEA: Who’s investing in the region’s logistics and transportation startups?]( We've compiled a list of investors that are pouring money into Southeast Asia’s logistics and transportation startups. --------------------------------------------------------------- TECH IN ASIA’S REGIONAL FOUNDERS MEETUP: VIETNAM  By popular demand - RFM returns to HCMC! HCMC-based founders! We’re holding another Founders Meetup on November 30 at the Hive Villa. Don’t miss this opportunity to build your network and connect with your fellow founders - all over a couple of complimentary refreshments! Plus, we’re holding a fireside chat with Bryan Pelz, co-founder of VNG and Bootloader Studio. Pelz will share insights from his 30 years of experience in the gaming, media, and AI industries, having built 11 companies along the way. Moderated by Tech in Asia engagement editor Peter Cowan, the fireside chat will dig deep into the realities of building and scaling a successful startup in Vietnam. [Get your tickets now]( before they run out! Special thanks to our event partners - AppWorks, AWS, CleverTap, Cooley, Sinarmas Land, Singapore Global Network (SGN), Quest Ventures, and Purple Quarter - as well as our venue host, the Hive Villa. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Telin Insights - Elevate CX: Optimize Communication with WhatsApp Business]( on 30 November In today’s ever-evolving business landscape, delivering exceptional customer experiences has never been more important. Enter WhatsApp, a communications platform with over 2.7 billion users globally. Leveraging this channel using WhatsApp Business can enhance customer interaction, assisting organizations in meeting their key performance indicators. If you’re a business leader or decision maker in marketing, contact center, product, or IT, join us on this free webinar on Thursday, November 30, from 5:00 to 6:00 p.m. SGT to learn how to integrate WhatsApp Business into your CX strategies. RSVP [here](. - [Tech in Asia’s Founders Meetup: Vietnam on November 30]( We’re making our way back to Ho Chi Minh City on November 30 for our tenth Founders Meetup! Get a glimpse of the startup journey of Bryan Pelz, the co-founder of VNG and Bootloader Studio. Hear what he and Peter Cowan, Tech in Asia’s engagement editor, have to say about what it’s like to build and scale a startup in Vietnam. Plus, exchange ideas and tips with your fellow founders on how to navigate your own startup journey. Don’t miss out! Join us at the Hive Villa (29 Nguyễn Bá Lân, Thảo Điền, Quận 2, Thà nh phố Hồ Chí Minh 713385, Vietnam) on November 30 from 6:30 p.m. to 8:30 p.m. (GMT+7). Hurry, tickets are selling like hotcakes - [RSVP now before they’re all sold out](  - [Tech in Asia’s Regional Founders Meetup: Singapore on December 5]( Calling all Singapore-based founders! We’re concluding this year’s Regional Founders Meetup event series at the Lion City, where it all began. As Tech in Asia gears up for its next adventure with SPH Media, our founder and CEO Willis Wee will share his startup journey and give insights on what it takes to pull off an M&A deal in a fireside chat moderated by our COO Maria Li. Join us at Mortar & Pestle (269 South Bridge Rd, Level 4, Singapore 058818) on December 5 from 6:00 p.m. to 8:00 p.m. (SGT) to connect with fellow founders and end the year with a bang. Hurry, tickets are selling like hotcakes - [RSVP now before they run out]( Note: This event is closed-door and strictly off the record - no media buzz, please! While Willis and Maria will share as much about the M&A deal as possible, confidential terms will not be disclosed. ---------------------------------------------------------------  PRESS PEEKS The following press releases were published as they were received, without any editing from the Tech in Asia team. You too can publish your own press release on Tech in Asia by simply filling in [this]( page](. Our team will get back to you by the next business day. - ChargeSini - [ChargeSini Malaysia EV Charging Solution Startup Seeks for $6m Funding in Series-A]( ChargeSini, a private company founded in 2022, revolutionize the landscape of EV charging and has quickly risen to become 1 of the top 3 in market - Ultimate Fintech - [Forex Trading: The Transformational Journey of the Last 20+ Years]( Dive into the recent history of currency trading from the Gold Standard to digital assets with AAAFx. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Business Consultant (Security)]( at Juke Solutions Jakarta, Indonesia - [Head of Sales]( at Little Joy Indonesia Jakarta, Indonesia - [Associate Product Manager - Kompas.id]( at Kompas Gramedia Jakarta, Indonesia - [Data Analyst]( at Pasifik Satelit Nusantara Indonesia Bulk Terminal, Indonesia - [Associate Product Manager (Platform)]( at Scout.inc Jakarta, Indonesia - [Reporter detikNews]( at detik.com Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. 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