- Loan Open For Subscriptions Until 30 Sep 2026
Scaling Indonesia’s electric fleet: The bike is rented today. In 24 months, the rider owns it.
Dash Electric Pte. Ltd.
- Jakarta, DKI Jakarta, Indonesia
Menu
- 19,002 USD
Amount committed of 100,000 USD target. This loan will be funded as long as it raises between 50,000 USD and 150,000 USD.
Dash Electric runs a stationed electric delivery fleet across 20 Indonesian cities. This loan funds deposits that release EVs from OEM partners to drivers on rent-to-own terms: the driver owns the bike after 24 months, nets roughly triple typical gig-courier pay, and rides an asset emitting about 86% less per kilometre than petrol. Our first US$45,000 LendForGood loan funded exactly this and was repaid in full; this one scales it three-fold.
- 3 Lenders
Committed
- 18 months
Loan Period
- 12%
Interest Rate
- BACKGROUND
Loan summary
Ride through Jakarta at six in the morning and you’ll pass thousands of them: men and women on motorbikes, waiting for the app to ping, paid per parcel, insured by nobody. Indonesia has roughly four million of them. Most will ride for twenty years and finish owning nothing, not the bike, not a pension, not a single day of guaranteed income.
Dash was started in November 2023 to change what that work is. Not to add another app between the rider and the customer, but to give the work the things ordinary jobs have: committed shifts instead of a lottery, a wage floor instead of piece rates, national health cover, training, and a bike that stops being a cost and becomes a possession.
That last part is the piece we care most about. Every bike in the Dash fleet is electric, and every one is placed with a rider on rent-to-own terms. The rider pays it down out of daily earnings, and at the end the title transfers into their name. They keep it. It is theirs whether they stay with Dash or not.
It has worked. At 30 June 2026 Dash was running almost 1,000 electric bikes across more than 20 cities, serving 63 companies, on revenue that grew 426% year on year. But there’s a bottleneck, and it’s an unglamorous one: before our vehicle partners release a bike, we have to lodge a deposit. The deposit goes out weeks before the rider’s first payment comes back. We have riders waiting. We have companies waiting. What we don’t have, in the gap, is cash.
That’s the entire ask. A group of LendForGood lenders solved this exact problem for us with US$45,000 last year. We placed the bikes, the riders rode them, and we paid every one of those lenders back in full. We’re back because the queue got longer.
Borrower's mission
A Dash rider nets around IDR 180,000 on a working day. A typical gig courier makes IDR 80,000 to 120,000. That gap is not a rounding error in someone’s life, it is the difference between a month you can plan and a month you cannot. In the first quarter of 2026 alone, that difference put approximately US$664,000 into riders’ hands that would not otherwise have existed.
Every rider is enrolled in BPJS, Indonesia’s national health and accident scheme. For a lot of them it is the first health cover they have ever had, and it is the thing they mention first. not the pay. If you come off a bike in Jakarta without it, that’s the end of the earning.
Then there’s the bike. Between 700 riders are currently partway through rent-to-own agreements, paying down a bike that becomes theirs. We designed the company so that the fleet shrinks as a Dash asset and grows as a rider asset, by 2030 the plan is for the majority of bikes on our network to be owned by the people riding them, not by us. That is a strange thing for a company to plan for, and it is the plan.
Riders who are paid properly, insured, and building towards owning something show up. They stay. They know the routes. That reliability is what our clients actually buy, which is why we can pay well above market and still hold margins six times the industry norm. Doing right by the rider and running a good business are the same action here. That is not a happy accident, it is the design, and it’s the reason you can lend into this without choosing between your conscience and your capital.
Schneider Electric and Fondation Botnar both invested partly on this basis, and we report our impact numbers to them under contract. We don’t get to quietly drop them.
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
At Harapura Impact, the goal is to create real, lasting change by working closely with partners — from corporations and NGOs to governments and start-ups. Our focus is on clear strategies, practical solutions, and honest impact measurement, always prioritizing meaningful results over short-term gains. We believe that by delivering quality service with sincerity, even small actions can help build a better world. Every project is an opportunity to learn, adapt, and grow, using resources wisely and respecting the unique context of each challenge. Our commitment is to make a difference in every community we serve.
- IMPACT
Impacts and how they are measured
One bike. Two things happen at once. A rider ends up owning something. They start renting and finish with the title and legal registration in their own name after 24 months. It is a productive asset, it earns, it carries family, it can be sold. We count the units where title has actually transferred, from vehicle registration records. Not units placed. Units transferred. The air gets cleaner. Our bikes emit roughly 86% less per kilometre than the petrol equivalent. In practice each bike takes about a tonne of CO₂ out of Indonesian city air per year. Across the fleet that was around 515 tonnes in 2025 and 296 tonnes in the first quarter of 2026 alone, the fleet grew. We measure it from actual kilometres logged in our dispatch system, not from an assumption about how much a bike is ridden. In the last quarter of 2025 the two-wheel fleet covered 1.47 million kilometres across roughly 800,000 trips. And underneath both, the thing that makes them stick: income and formal protection. None of this is measured specially for this loan. It runs through our own operating system because we need it to run the company, and it’s reported quarterly. Two of our investors have the right to hold us to it in writing.
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