# ALVA Secures $20 Million Sustainable Trade Finance From Standard Chartered Indonesia

> ALVA secured an additional $20 million in sustainable trade finance from Standard Chartered Indonesia to fund raw material procurement and production expansion.

- Published: 2026-10-21T05:05:40+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-21/alva-standard-chartered-trade-finance
- Source: [DealStreetAsia](https://www.dealstreetasia.com/stories/sea-digest-alva-ngernturbo-498697)

## Key takeaways

- ALVA secured an additional $20 million in sustainable trade finance from Standard Chartered Indonesia.
- The facility for PT Electra Mobilitas Indonesia builds on a financing partnership established in 2022.
- ALVA's funding rounds on record total two, including a $50 million Series B in August 2023 led by Horizons Ventures.

Indonesian electric motorcycle maker [ALVA](https://akta.pro/company-profiles/0000zxn/alva) has secured an additional $20 million in sustainable trade finance from Standard Chartered Indonesia to support raw material and component procurement for production. [DealStreetAsia](https://www.dealstreetasia.com/stories/sea-digest-alva-ngernturbo-498697) reported the facility, which builds on a financing partnership established in 2022.

## ALVA Expands Its Standard Chartered Facility

The facility is for PT Electra Mobilitas Indonesia, ALVA's operating company, and the latest increase is intended to support business expansion and strengthen the supply chain, according to its statement. ALVA is stepping up efforts to expand production, distribution and charging infrastructure in Indonesia.

Donny Donosepoetro, chief executive of Standard Chartered Indonesia, said the bank's continued support for EMI also reflected its backing of the broader transition efforts of Indonesian conglomerate Indika Energy, which is associated with ALVA. ALVA chief executive Purbaja Pantja said the additional financing would give the company greater flexibility to expand its business. The company is also strengthening its manufacturing capabilities and developing new products in Indonesia, he added.

## ALVA's Funding and Fleet Record

ALVA's funding rounds on record number two, according to akta.pro [company records](https://akta.pro/company-data): a $50 million Series B in August 2023 led by Horizons Ventures, and a $10 million debt-funded round in December 2022 led by Standard Chartered Bank. The company's total funding stands at $60 million at the Series B stage, with the last round dated August 21, 2023.

| Funding round | Date | Amount | Lead investor |
| --- | --- | --- | --- |
| Debt-funded | December 2022 | $10 million | Standard Chartered Bank |
| Series B | August 2023 | $50 million | Horizons Ventures |

ALVA produced 10,000 units by November 2023 and reported 110 charging connectors across 50 locations in Indonesia as of September 2025. In January 2026 it deployed 500 ALVA N3 units through Kalista fleet-as-a-service financing and Dash Electric operations, serving DHL, Happy Fresh, Allo Fresh, Sayurbox and Chagee. In December 2025, 250 ALVA N3 electric motorcycles were deployed in Yogyakarta for ride-hailing operations with Grab.

## Ngernturbo's $15 Million Loan From responsAbility

Swiss impact investor [responsAbility Investments AG](https://akta.pro/company-profiles/000025u/responsability-investments-ag) 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, responsAbility said in a statement, marking its first financing for Ngernturbo, which listed on the Stock Exchange of Thailand in 2025.

Ashish Malik, investment officer for financial inclusion at responsAbility, said Ngernturbo's branch network and improvements in governance and transparency following its stock market listing were among the factors behind the investment. Ngernturbo operates 1,004 branches across 54 provinces in Thailand, and its net loan portfolio stood at 12 billion baht ($360 million) as of June 30, up 11.3% from a year earlier.

## Companies in this story

- [ALVA company profile](https://akta.pro/company-profiles/0000zxn/alva) · website: https://www.alvaauto.com
- [responsAbility Investments AG company profile](https://akta.pro/company-profiles/000025u/responsability-investments-ag) · website: http://www.responsability.com

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