ALVA lands $20M trade finance facility from Standard Chartered
What's the deal? Indonesian electric motorcycle maker ALVADealroom has a profile for this one. Try Dealroom → has secured an additional $20 million in sustainable trade finance from Standard Chartered Indonesia. The facility, for operating company PT Electra Mobilitas Indonesia, will fund procurement of raw materials and components for production.
Why now? The financing comes as ALVA steps up efforts to expand production, distribution, and charging infrastructure in Indonesia. It builds on a partnership with Standard Chartered established in 2022.
What's the endgame? ALVA is strengthening its manufacturing and developing new products domestically. Chief executive Purbaja Pantja said the funding would give the company "greater flexibility to expand its business."
Standard Chartered Indonesia chief executive Donny Donosepoetro said the bank's support also reflected its backing of the broader transition efforts of Indonesian conglomerate Indika Energy, which is associated with ALVA.
In other news: Swiss impact investor responsAbility Investments AGDealroom has a profile for this one. Try Dealroom → has extended a $15 million loan to Thai non-bank lender Ngernturbo Public Company Limited to expand lending to borrowers underserved by commercial banks.
The three-year senior unsecured facility was disbursed on October 1 and marks responsAbility's first financing for Ngernturbo, which listed on the Stock Exchange of Thailand in 2025. The money will support small-ticket lending through the firm's branch network and help diversify its funding beyond domestic banks.
Ngernturbo provides loans secured by vehicle and land titles, plus nano-finance loans, to individuals and micro-entrepreneurs with limited banking access. Founded in 2017, it operates 1,004 branches across 54 provinces, with a net loan portfolio of US$392.9M as of June 30, up 11.3% from a year earlier.
The signal: Both deals are growth financing rather than equity raises, a pattern across Southeast Asia as companies use credit to fund working capital and lending portfolios without diluting shareholders. ALVA's larger facility points to continued lender support for EV supply chains, though the reporting offers little basis to call it a broader shift in Indonesia's EV financing.
Read more: dealstreetasia.com
Image credit: idemolab
