Weekly roundup: EV battery startup Swab Energy raises funds and other SE Asia deals

Swap Energy, an Indonesia-based startup that offers battery swapping solutions for electric vehicles (EVs), has reportedly raised an undisclosed amount in its pre-Series A funding round.

The round was led by Kejora-SBI Orbit, the joint venture fund of Southeast Asian venture capital firm Kejora Capital and Japanese financial conglomerate SBI Holdings. Baramulti Group, New Energy Nexus Indonesia, and Living Lab Ventures also participated in the funding round.

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