INVEST
WITH BIC
Our investment strategy focuses on 3 impact goals for Indonesia, profitably.
DASH ELECTRIC
Dash (Electric) is an innovative startup that serves as an asset-light enabler for electric vehicles (EVs) in the rapidly growing last-mile delivery sector. The company provides a lease-to-own option for its drivers, making EV ownership more accessible. Dash stands out in Indonesia’s last-mile delivery market by offering highly customizable solutions tailored to diverse client needs, all while maintaining competitive pricing and electrifying Indonesia’s logistics fleet.
WHY WE CHOSE IT
- Strong founding team: The founders bring substantial entrepreneurial experience and deep expertise in ride-hailing, e-commerce, and logistics. They were early employees at two of Indonesia’s largest startups and have also gained significant experience working at one of the world’s leading logistics companies.
- Emerging trends and alignment with government policy: The company is well-positioned to partake in Indonesia’s booming last-mile delivery market and the critical need to reduce transportation-related CO2 emissions through adoption of EVs, which is aligned with Indonesia’s governmental policy to achieve net zero emission by 2060.
- Scalability: Dash offers a highly scalable business model with its asset-light approach, as it does not manufacture EVs.
IMPACT
Empowering delivery drivers, CO2 reduction, increasing livelihood of people in cities
FOUNDERS
Aditya Brahmana, CEO
Robert Mulianto, COO
REMIND
Remind is a startup that offers e-waste management and recycling solutions, addressing the rapidly increasing volume of electronic waste. Simultaneously, the company is committed to raising public awareness about proper e-waste disposal methods. Remind aims to recover all valuable metals from the e-waste stream and, therefore, substantially reduce energy consumption that occurs during highly pollutive traditional mining metal extraction activities. One could say: “Remind is an e-waste-mining startup.”
WHY WE CHOSE IT
- Strong founders: Remind was founded by a highly skilled team with extensive education in relevant fields. The company’s founders have worked overseas at the world’s leading recycling firms and hold PhDs in metallurgical recycling and engineering.
- Significant momentum: In a short period of time, the company has onboarded several international clients and has successfully managed a substantial volume of e-waste sustainably and profitably.
- Increase in (consumer) electronics utilisation: Indonesia has experienced a significant increase in electronic purchases among its consumer spending patterns and the country’s digitalisation era has just started. Both these trends are expected to grow continuously.
- Fastest growing waste category: E-waste is currently the fastest-growing waste category in Indonesia (and globally).
IMPACT
Empowering the informal waste sector, circular economy, e-waste reduction, metal recovery, downstream industry development
FOUNDERS
Dzikri Soefihara, CEO
Farrel Purnama, COO
BIONIQA
Bioniqa is a bio-technology company that has a mission to decarbonise the world starting from Jakarta. Bioniqa has developed a groundbreaking algae-based carbon capture technology that efficiently absorbs CO2 emissions from the atmosphere. The company provides a solution to improve air quality with a hyperlocalisational focus.
Microalgae are small, aquatic organisms that are found in freshwater and marine environments. These microalgae have major growth potential since it can multiply in a matter of hours in the company’s lab. Per 100 liters of microalgae in Bioniqa’s device, the algae can absorb as much as 2,000 kilograms (2 tons) of carbon per year. This device can be seamlessly integrated into various industrial processes, helping businesses reduce their carbon footprint and contribute to a greener planet.
WHY WE CHOSE IT
- Indonesia is the 11th largest emitter in the world, we need a hyperlocal solution to solve this problem and we believe BioniAa can do that, one photobioreactor at a time.
- Strong founders: Rama Raditya and Andre Hutagalung are experienced Co-Founders. They have been building startups since 2012 with one exit and the other successfully raised up to Series B before hitting profitability.
- Early Adaptors: several individuals and schools have bought the device already. Other Individuals and real estate companies have shown interest. Also, BioniQa’s is partnering up with the Ministry of Tourism and Creative Economy to provide more public places with clean air.
IMPACT
Environment, Carbon Reduction
FOUNDERS
Rama Raditya, CEO
Andre Hutagalung, COO
MAGALARVA
Magalarva is one of the fastest growing Black Soldier Fly (BSF) protein farms in Indonesia. The startup upcycles organic waste into the animal food industry by converting it to sustainable high-nutrient feed for Indonesia’s billion-dollar (shrimp) farming sector.
WHY WE CHOSE IT
Magalarva is able to generate high environmental impact while producing a scalable and superior high-protein animal feed addressing large-size markets. Having refined the delicate BSF farming process in recent years, Magalarva is set to become the Indonesian leader in this growing volume-driven industry.
IMPACT
Organic waste upcycling, circular economies, environmental preservation, empowering (aquaculture) farmers
FOUNDERS
Rendria Labde , CEO & Founder
ROBRIES
Robries is a plastic upcycling startup that produces innovative furniture and home decorations from recycled plastics to contribute to the circular economy. This impactful venture provides goods for businesses and residentials. Robries aims to increase the utlization other inputs than virgin raw materials and shows that upcyled materials are very much suitable for day-to-day use goods.
WHY WE CHOSE IT
Robries collaborates with (informal) waste banks, communities, and companies to encourage people’s action of reducing waste, reusing materials and sorting waste to initiate a zero-waste lifestyle. Currently, sustainability becomes a status-quo and also Robries has experienced an increase in this awareness coming from more ‘traditional’ sectors.
IMPACT
Plastic waste recycling, circular economy, sustainable living, environmental awareness, communities involved
FOUNDERS
Syukriyatun Niamah, CEO
Tita Shabrina, CFO
REKOSISTEM
Rekosistem is a climate technology startup that offers waste management and recycling services to optimize the waste value chain. The company services business, individuals and communities through their application and physical Waste Stations providing pick-ups and drop-facilities for (all) your waste. Rekosistem connects all stakeholders in the waste value chain to build smart cities and recycling ecosystems.
WHY WE CHOSE IT
Rekosistem standardizes the chain, empowers informal waste workers, improves productivity of waste workers and generates revenue through waste management. The Indonesian waste management market has a huge potential with all eyes on sustainability and increasing demands.
IMPACT
Empowering informal waste management sector, circular economy, environment, reducing waste
FOUNDERS
Ernest Layman, CEO & Co-Founder
Joshua Valentino, COO & Co-Founder
BUKAPO
BukaPO is a food pre-ordering digital platform that allows its users to order meals from local micro-entrepreneurs living in their area. The app only lists micro-entrepreneur merchants, of which 80% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. Over time, the company aims to incorporate produce suppliers as well as other local crafts, providing a one-stop shop for micro-entrepreneurs and seekers of Indonesian crafts and goods.
WHY WE CHOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms (GoFood), and has the potential to leapfrog competitors in the coming months.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
BUKAPO
ROUND 3
BukaPO is a pre-order food social commerce that allows its users to order meals from local micro-entrepreneurs living in their area. The application only lists micro-entrepreneur merchants, of which 90% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. In addition, the company has incorporated product suppliers providing a one-stop-shop for F&B micro-entrepreneurs
WHY WE CHOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms, and has the potential to leapfrog competitors in the coming years.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
Delia Kirana, CCO
Timothy Darren, CMO
INDOSOLE
Indosole is on a mission to change the way companies across the world look at shoe manufacturing, by upcycling discarded rubber from tires and sneaker soles to produce footwear. The established brand, 100% made in Indonesia, has been delivering high-quality enviro and vegan footwear for travel, adventure, and everyday life, and now seeks to continue developing its technology and market across Asia Pacific.
WHY WE CHOSE IT
Indosole has become a staple-name in eco-footwear fashion and is driving the movement for manufacturing with recycled materials. The founders of Indosole said it best: “We are the most environmentally-responsible footwear company in the world, and have been for the past 11 years”.
IMPACT
Circular economies, reducing waste, environment, local economy, carbon reduction
FOUNDERS
Kyle Parsons, CEO
Kai Paul, COO