Indonesia’s EV Hive raises $20m in SoftBank Korea-led round, eyes 100 locations by 2022

Indonesia’s EV Hive raises $20m in SoftBank Korea-led round, eyes 100 locations by 2022

COCOWORK, formerly EV Hive.

Indonesia’s co-working space provider EV Hive announced that it has raised $20 million in a series A funding round led by SoftBank Ventures Korea, in what the startup said is one of the largest Series A rounds in Indonesia to date.

EV Hive said the fresh funds will help it accelerate regional rollout efforts, as it aims to launch 100 locations throughout Southeast Asia, including Vietnam, the Philippines, and Thailand, by 2022.

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