Indonesian electric vehicle (EV) maker PT Energy Selalu Baru (ESB), which owns the two-wheeler brand Volta, has raised fresh funding led by Twin Towers Ventures (TTV), the investment arm of Petronas Ventures, and Rigel Star Fund LP, or Rigel Capital, according to an announcement on Monday.
While the company did not disclose the financial details, sources told DealStreetAsia that the funding round is estimated to be north of the targeted $35 million.
