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Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia – TechCrunch

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Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business.

This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV — the investment arm of Indonesia corporation Sinar Mas — and Singapore’s Jungle Ventures . The startup previously raised $1.6 million last year from East Ventures, SMDV and Monk’s Hill Ventures. It closed a seed round in early 2018.

Waresix is aiming to digitize logistics, the business of moving goods from A to B, which it believes is worth a total of $240 billion in Indonesia.

A large part of that is down to the country’s geography. The archipelago officially has over 17,000, but there are five main ones. That necessitates a lot of challenges for logistics, which are said to account for 25-30 percent of GDP — a figure that is typically below five percent in Western markets — while Indonesia barely scraped the top 50 rankings in World Bank’s Logistics Performance Index.

But, as Southeast Asia’s largest economy and the key market for digital growth in the region, that makes this an attractive problem to solve… or, rather, attractive industry to modernize.

Like others in its space worldwide — which include Chinese unicorn Manbang and BlackBuck in India — Waresix is focused on optimizing logistics by making the process more transparent for clients and more efficient for haulage companies and truckers. That includes removing the chain of ‘middle man’ brokers, who add costs and reduce transparency, and provide a one-stop solution for transportation by land or sea, as well as cold storage and general cargo handling.

As of today, Waresix claims a fleet of more than 20,000 trucks and over 200 warehouses partners across Indonesia. The company said it plans to use this new capital to expand that coverage further. In particular, that’ll include additional land transport options and additional warehouse capacity in tier-two cities and more remote areas. That’s a push that founders Andree Susanto (CEO) and Edwin Wibowo (CFO) — who met at UC Berkeley in the U.S. — believe fits with Indonesia’s own $400 billion commitment to improve national infrastructure and transport.

Waresix trucks

It is also consistent with East Ventures, the long-standing early-stage VC, which has backed a pack of young companies aiming to inject internet smarts into traditional industries in Indonesia. Some of that portfolio includes Warung Pintar, which develops smart street vendor kiosks, Kedai Sayur, which is digitizing street vendors, and Fore Coffee, which draws inspiration from China’s digital-first brand Luckin Coffee, which recently listed in the U.S.

Now with EV Growth, which reached a final close of $200 million thanks to LPs that include SoftBank, the East Ventures has the firepower to write larger checks that go beyond seed and pre-Series A deals as it has done with Waresix.

But the company is far from alone in going after the logistics opportunity in Indonesia. Its rivals include Kargo, which was started by a former Uber Asia exec and is backed by Uber co-founder Travis Kalanick’s 10100 fund among others, and Ritase.

Ritase, which claims to be profitable, closed an $8.5 million Series A this week. It said it has 7,500 trucks and, on the client side, some 500 SMEs and a smattering of well-known global brands. Kargo has kept its metrics quiet, but it is a later arrival on the scene. The startup only came out of stealth in March of this year when it announced a $7.6 million funding round.

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12 Best Uses For Old Computer Keyboards

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Maybe you want to wear your love of keyboards on your sleeve, but earrings and charm bracelets are just a little too ostentatious for your taste. Enter the subtler and more stylish buttons and cufflinks. Not only is this a more discreet way of keeping your old keyboard close, but it’s also among the easiest projects we have for you.

You’ll only need a few supplies, at least one of which you already have at hand. There aren’t any scissors or saws, and you won’t be using any power tools. All you need is your old keyboard, an adhesive like epoxy, and the base of a cufflink or button, both of which you can find at your local craft store or online.

Before you get started, however, take a moment to inspect your keyboard. Consider the wide array of buttons, each with its own special function. Now choose your favorites. Those are the keys you want to carefully remove. If you’re making cufflinks, you’ll need at least two keys. If you’re making buttons, the sky’s the limit.

Now take out a flathead screwdriver — the only tool you’re going to need — and pop the keys you’ve chosen off of the keyboard frame. Once you’ve got them all liberated, generously apply adhesive to the back side of each key and jam the cufflink or button base right in there. Wait for it to cure and you’re ready to attach them to your favorite threads.

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28% Of Car Lovers Most Want To Own This Banned Vehicle

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In a SlashGear poll with 590 U.S. respondents, 27.97% said they would love to own Lamborghini Diablo Strosek. The Italian supercar is not street legal in the U.S. because it’s too fast. If pushed to the limit, the Lamborghini Diablo can exceed 200 mph — this made it the fastest car when it was released in 1990. But it was a German designer known as Vittorio Strosek who modified it and made it even more difficult for it to pass the FMVSS regulations. Because of the 25-year rule, you’re only allowed to import a Lamborghini Diablo that was produced between 1990 to 1997.

The second most popular option in the poll was the Porsche 959, which was picked by 25.25% of the respondents. Just like Lamborghini Diablo, Porsche 959 is super-fast but it doesn’t exceed 200 mph — the best it can do is 198 mph in the Sport variant. However, the real reason Porsche 959 was never sold in the U.S. is that the automaker didn’t want to have its very expensive cars crash tested by NHTSA. Despite the Porsche 959 quickly selling out after it was released, the manufacturer was making a loss selling the car — and if NHTSA crash tested a minimum of four cars, it would have lost more money.

Besides that, 19.83% of the participants said they would prefer Honda ATC and 16.95% wanted Nissan GT-R Skyline. The Smart Crossblade was the least popular option at 10%. 

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The Reason Why NYC Destroys Hundreds Of Dirt Bikes And ATVs Each Year

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In 2021, eight people were killed by dirt bikes or ATVs, and the New York Police Department, along with then-Mayor Bill de Blasio, went on a crusade to get rid of illegal vehicles, according to The City. By the end of the year, the city had seized and subsequently destroyed approximately 500 bikes. As many as 3,000 were ultimately crushed under the tracked wheels of a bulldozer in 2021 (via The City).

When new Mayor Eric Adams took office on January 1, 2022, he continued the fight. By June, they had seized over 2,000 bikes — almost 80% over the number they took by that time the previous year. And there’s no sign of letting up, with the police nabbing more than 250 on a single Sunday in August.

The dirt bikes and ATVs are not street legal to begin with, lacking several required features like turn signals, brake lights, and mirrors. According to the New York Department of Motor Vehicles, any 1985 or newer motorcycle must be equipped with directional or turn signals that show amber to the front and red or amber to the rear. It must also have an adjustable rear view mirror, a red stop lamp on the back, and a headlamp on the front of the vehicle. None of these things are found on a vast majority of the illegal vehicles that, as Mayor Adams put it, are continuing to terrorize the city.

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