Indonesia’s venture capital firm Alpha JWC Ventures has co-led a $8-million seed round in US-based safe-speed autonomous mobility company Venti Technologies along with LDV Partners, according to an announcement.
LDV Partners is an early-stage investment firm focused on robotics, AI, precision health, and smart enterprise, among others.
The round will support Venti’s plan to scale its operations globally, including targeting growth opportunities in Asia, Europe, and the US.
Venti provides tug-trailers for goods movement in manufacturing yards, warehouses, and logistics hubs, self-driving prime movers for the transport of shipping containers, and small luxury community transport.
Following this investment, Lake Dai, Partner, LDV Partners, and Chandra Tjan, co-founder and General Partner, Alpha JWC, will be joining the Venti board.
“This marks our first investment in autonomous vehicles, which we believe will be a game-changer and a first for Asia. Venti’s founders, vision, product, and track record so far have been astonishing, and we are very excited to work together to revolutionize the autonomous vehicle industry and achieve huge success on a global basis together,” said Alpha JWC’s Tjan.
Jakarta-based Alpha JWC had in June filed to raise $300 million for a new fund that will seek investment opportunities in the seed to Series B stages across various sectors.