- Loan Open For Subscriptions Until 28 Feb 2025
Electrifying Indonesia’s Logistics for a Cleaner Tomorrow
Dash Electric Pte. Ltd.
- Jakarta, Indonesia
Menu
- 2,860 USD
Amount committed of 45,000 USD target. This loan will be funded as long as it raises between 25,000 USD and 45,000 USD.
Dash is committed to a greener future through sustainable logistics powered by electric vehicles. By cutting emissions in last-mile delivery, we help businesses reduce their environmental footprint while offering drivers better income opportunities. With growing demand for eco-friendly logistics, this loan will allow us to expand our EV fleet, scale operations, and meet Indonesia’s need for sustainable transportation—driving positive impact for both the environment and the economy.
- 3 Lenders
Committed
- 18 months
Loan Period
- 12%
Interest Rate
- BACKGROUND
Loan summary
Founded in 2023, Dash is pioneering the electrification of Indonesia’s logistics sector by offering electric vehicle (EV) solutions for last-mile delivery. With urban air pollution reaching critical levels and the need for more sustainable logistics solutions, Dash is addressing these challenges head-on by providing businesses with EV fleet management and delivery services. Our mission is to reduce CO2 emissions while providing affordable EV access to drivers, helping businesses meet sustainability goals, and ensuring drivers earn stable incomes.
This loan will provide Dash with the necessary capital to scale our EV fleet and expand into new cities, supporting our long-term impact goal of significantly reducing emissions through green logistics. With demand for sustainable last-mile delivery growing, the loan aligns with our mission by allowing us to further empower businesses and drivers, contributing to a cleaner, more sustainable future for Indonesia. The funds will be used to deploy more EVs, improve our technology, and meet the increasing demand from clients who are looking to adopt green logistics solutions.
Borrower's mission
Dash is driven by the vision of creating a sustainable logistics sector in Indonesia that reduces urban pollution while providing businesses and drivers with affordable, scalable solutions. Our journey to achieve this mission has uncovered key insights that continue to shape our business.
Firstly, there is a growing demand for green logistics solutions, yet businesses often face cost barriers when attempting to integrate electric vehicles (EVs) into their supply chain. With cities like Jakarta grappling with billions in healthcare costs due to pollution, the need for sustainable last-mile delivery is urgent. However, many companies are primarily focused on price over sustainability. Dash bridges this gap by offering green last-mile logistics at competitive rates, ensuring that businesses can meet their sustainability goals without compromising on cost efficiency. Our tailored EV logistics solutions allow businesses to save on costs while cutting emissions, thus aligning commercial and environmental goals.
Secondly, while many drivers see the benefits of EVs—such as lower operational costs—high interest rates and ownership costs make it difficult for them to transition from traditional vehicles. We’ve partnered with financing institutions and EV manufacturers to offer accessible rent-to-own programs that enable drivers to own EVs without upfront costs. Backed by long-term client contracts, we’ve been able to negotiate favourable terms for drivers and accelerate EV adoption.
Our long-term ambition is to become the leading provider of green logistics in Indonesia, scaling our EV fleet, expanding into new cities, and launching tech solutions to enhance delivery efficiency. As we expand, we aim to create a win-win ecosystem where businesses achieve their sustainability targets, drivers gain access to affordable EV ownership and stable incomes, and the planet benefits from reduced emissions. By 2028, we target reducing over 1,000 metric tons of CO2 emissions per month while growing our revenue to $23.3M, creating both commercial success and lasting environmental impact.
The activities funded by this loan are helping to achieve the above Sustainable Development Goals as defined by the UN.
Intermediary's experience with impact enterprises
Lightwheel Advisors, established in 2022, specialises in optimising operational efficiency and driving commercial growth for organisations at various stages, from startups to SMEs and MNCs. With a holistic approach, Lightwheel integrates corporate governance, strategic advisory, business development, and brand management, leveraging the extensive industry experience of its team. To date, Lightwheel Advisors has partnered with over 10 impact-driven companies across sectors like impact investing, electric mobility, health-tech, and carbon capture, providing tailored support in Go-to-Market strategies, fundraising, and business development to help these enterprises scale and thrive.
- IMPACT
Impacts and how they are measured
The loan will directly accelerate the adoption of electric vehicles (EVs) in Indonesia’s last-mile delivery sector, reducing carbon emissions and improving air quality in urban areas. By scaling our EV fleet, Dash will enable more businesses to transition to sustainable logistics solutions, cutting CO2 emissions significantly. We estimate that for every 100 EVs deployed, we can reduce up to 50 metric tons of CO2 emissions per year, contributing to Indonesia’s broader environmental goals. From a social perspective, the loan will allow us to provide more drivers with access to affordable EV ownership through our rent-to-own program, reducing their operating costs by 40-50% compared to traditional fuel-powered motorcycles. This empowers drivers to earn a stable income while contributing to a cleaner environment. We’ll track these impacts by monitoring the number of EVs deployed, the amount of CO2 reduced, and the financial uplift for drivers through increased earnings and ownership of EV assets. In terms of measurement, our impact will be tracked through the number of deliveries completed using EVs, CO2 reduction data calculated based on kilometres driven, and data from our rent-to-own program, such as the number of drivers transitioning to EV ownership.
Ready to lend?
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