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HomeIndonesia Indonesia-Based IoT and SaaS Enterprise Company McEasy Secures Series A+ Funding

[FUNDING NEWS] Indonesia-Based IoT and SaaS Enterprise Company McEasy Secures Series A+ Funding

McEasy, an Indonesian IoT and SaaS enterprise company, acquired Series A+ funding from Granite Asia and East Ventures. McEasy said Wednesday that its Series A funding increased to $11 million.

McEasy, an Indonesian IoT and SaaS enterprise company, acquired Series A+ funding from Granite Asia and East Ventures. McEasy said that its Series A funding increased to $11 million.

“We intend to use the funds to accelerate the development of new IoT solutions, enable world- class artificial intelligence video-based transportation safety and drive customer-first supply chain ecosystem products, “Our commitment is to continue delivering innovative solutions that address the critical challenges in Indonesia’s logistics ecosystem,” said Hendrik Ekowaluyo, Co-Founder of McEasy.

The statement said over 85% of logistics firms in Indonesia use manual pen-and-paper methods, making the sector fragmented and inefficient.

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This has caused low delivery satisfaction, inefficient delivery costs, and poor driver behaviour. Addressing these issues is crucial to improving the country’s logistics industry, according to McEasy. The company reported considerable first-half 2024 success.

The McEasy Platform (MEP) has expanded partnerships to 1500 companies in 18 months, providing a range of solutions to address logistics challenges, such as fleet management, logistics delivery, and vehicle spare part and maintenance.

It, is a leading IoT and SaaS company in Surabaya, East Java, was founded in 2017 by Hendrik Ekowaluyo and Raymond Sutjiono to improve Indonesia’s transportation and supply chain ecosystem. A strong ambition drives the company to improve Indonesia’s transportation and supply chain environment.

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Its goal is to develop a digital ecosystem that connects and streamlines logistical processes to make them more competitive, efficient, and successful.

It’s MEP provides fleet management, end-to-end logistics, and vehicle maintenance solutions using IoT mobility. It said it delivers cutting-edge solutions that improve efficiency and set new industry standards to over 1500 logistics organisations.

About McEasy

McEasy uses technology to offer complete digital transportation and supply chain management solutions.

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