Indonesia Digest: Gojek launches partner support fund, New Energy Nexus launches 2nd batch incubation programme

Gojek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018. REUTERS/Beawiharta

Indonesian ride-hailing decacorn Gojek has launched an initiative in response to the adverse impacts on the income of its drivers, merchants and other partners due to COVID-19. In a separate development, a local unit of California-based non-profit firm New Energy Nexus Indonesia has introduced the second batch of its incubation and acceleration programme.

Gojek launches income support fund for partners affected by COVID-19

Indonesian ride-hailing decacorn Gojek has launched The Gojek Partner Support Fund, an initiative in response to the adverse impacts on the income of its drivers, merchants and other partners due to COVID-19.

The company’s co-CEOs and its senior management team will donate 25 per cent of their annual salary to the fund over the next 12 months, while other funding sources will come from Gojek’s annual salary increase budget and other donations, particularly by corporate partners.

The Gojek Partner Support Fund will be administered through a newly created foundation, the Anak Bangsa Bisa Foundation, Gojek said in a statement.

The foundation will work with multiple stakeholders including government, civil society groups and driver groups to determine the best way to administer the support fund, with the priority of supplementing drivers’ and other partners’ income through this period of uncertainty, it added.

“At Gojek, the pandemic has prompted us to work from home, forced us to conduct business differently, and disrupted our regular working rhythm,” Gojek Co-CEOs Andre Soelistyo and Kevin Aluwi jointly said.

“But our problems pale in comparison to the hardships the coronavirus is likely to place on our driver-partners, whose livelihoods depend on an economy that is experiencing a significant slowdown.”

The Indonesian super app has also commenced other supportive initiatives such as hygiene and safety enhancement and increased insurance offerings for drivers. It has recently joined hands with Halodoc to launch Check COVID-19, a free online medical consultation service for Indonesians experiencing coronavirus symptoms.

New Energy Nexus Indonesia Selects Six Startups  

A local unit of California-based non-profit firm New Energy Nexus Indonesia has introduced the second batch of an incubation and acceleration program, the company said in a statement.

The firm selected six startups that focused on the renewable energy sector. They covered the Internet of Things (IoT),  digitalization and energy access, energy efficiency, clean energy, and business model innovation.

The startups will receive coaching, followed by $4 million seed round to help get their products and services to the market.

The six startups names selected on the incubation program are Vena Energy, Swadesi Surya Persada (SUPER), Chakra Giri Energi Indonesia, Enertec Mitra Solusi, Energi Persada and RESCO Sumba.

Two other startups joining the acceleration program are Forbetric and Warung Energi, which were also Nexus’ former incubation program graduates.

Since 2018, at least 19 startups have participated in the Nexus New Energy incubation and acceleration program, which produced a cohort of five startups who have graduated in November 2019

The firm’s previous five startups under the incubation program were Sylendra Power, Forbetric, Warung Energi, Pendulum and Bionersia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.