In this NewsCast episode, Adrian Li and Leighton Cosseboom dive into the Indonesia Venture Capital 2023 report, produced in partnership between AC Ventures and Bain & Company.
The pair discuss an imminent upswing in sectors like electric vehicles, renewable energy, healthcare, and new retail, despite the global economic downturn. The episode particularly highlights Indonesia's potential in the electric vehicle market, emphasizing its significant global nickel production, crucial for lithium-ion batteries. The local government's ambitious carbon emissions goals and the evolving investment landscape in the electric two-wheeler space are also explored.
The conversation then shifts to the broader picture of Indonesia's digital economy, its growth trajectory, and the potential for funding to pick back up for later-stage deals post-2024 elections.