Jakarta, Indonesia — GHP Law Firm announces its role in advising Horizon Ventures in the successful $50 million USD Series B investment round for PT Ilectra Motor Group (IMG), commonly known as ALVA. This investment is poised to significantly impact the electric vehicle (EV) market and development in Indonesia.

Horizon Ventures led the funding round, joined by key investors such as HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund) and Indika Energy, creating the largest investment group for IMG to date. The round also welcomed new investor Brama One Ventures.

The GHP Law Firm team was led by Founder and Managing Partner Bintang Hidayanto, supported by Senior Associate Indira Putri and Associate Syadrina Zahrah. The successful deal underscores GHP Law Firm's capabilities in Mergers & Acquisitions, particularly in advanced round investments.

"The Series B round for ALVA marks an important step for the EV industry in Indonesia. We are pleased to have advised Horizon Ventures in this transaction", said Bintang Hidayanto.

Jakarta, Indonesia — GHP Law Firm announces its role in advising Horizon Ventures in the successful $50 million USD Series B investment round for PT Ilectra Motor Group (IMG), commonly known as ALVA. This investment is poised to significantly impact the electric vehicle (EV) market and development in Indonesia.

Horizon Ventures led the funding round, joined by key investors such as HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund) and Indika Energy, creating the largest investment group for IMG to date. The round also welcomed new investor Brama One Ventures.

The GHP Law Firm team was led by Founder and Managing Partner Bintang Hidayanto, supported by Senior Associate Indira Putri and Associate Syadrina Zahrah. The successful deal underscores GHP Law Firm's capabilities in Mergers & Acquisitions, particularly in advanced round investments.

"The Series B round for ALVA marks an important step for the EV industry in Indonesia. We are pleased to have advised Horizon Ventures in this transaction", said Bintang Hidayanto.