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KUALA LUMPUR, Malaysia, Aug. 25, 2025 /PRNewswire/ -- Blitz Electric Mobility (Blitz), Indonesia's leading EV logistics enabler, has closed a Pre-Series A funding round led by Malaysia-based Vynn Capital.
This investment marks Vynn Capital's ongoing commitment through its mobility and supply chain fund, with participation from existing Blitz investor Iterative Capital. The round also brings in notable new backers, including former Andreessen Horowitz general partner Balaji Srinivasan, ex‑PayPal exec Rajesh Venkatesh, and Vinner Ventures. These add to Blitz's roster of impact-driven institutional investors such as Asian Development Bank (ADB) Ventures, FiveFortyAlpha, BonBillo Fund, and Peak XV.
A Business Model Built for Scale and Sustainability
Blitz's asset-light, tech-first approach places it at the forefront of sustainable logistics in Indonesia's last-mile delivery market. The company addresses three critical challenges: meeting instant delivery demands, overcoming the complexities of scaling in-house logistics, and enabling cleaner, electrified infrastructure. Blitz empowers businesses with scalable, same-day, and instant delivery without the need to own or manage their own fleet assets.
Blitz operates a growing pool of thousands of gig couriers, providing tailored B2B logistics solutions that include:
- 1- to 12-hour instant and same-day deliveries
- Integrated white-label logistics services
- Comprehensive delivery management under clients' own brands
Unlike other players, Blitz has built a unique model designed for sustainable margins, long-term client partnerships, and embedded EV financing for gig workers.
In 2024, Blitz had tripled its revenue while cutting its burn rate by over 70%, significantly optimising its operational costs. With a disciplined strategy, the company has achieved substantial profitability improvements.
Now entering a new chapter of disciplined, sustainable growth, Blitz plans to use its secured funding to accelerate expansion across Indonesia. With a sharper focus on efficiency, quality clients, and scalable operations, the company is aligning its resources to drive stronger unit economics and long-term value. This renewed strategy positions Blitz to move confidently toward profitability while continuing to deliver impact at scale.
"The initial growth phase is behind us. Now, our focus is disciplined scaling. That means maximizing what works and discontinuing what doesn't," said Saivya Chauhan, Founder and CEO of Blitz. "This funding reflects confidence in our proven model and positions us to secure capital aligned with our long-term objectives," added William So, Co-Founder and CFO of Blitz.
"Blitz is solving a fundamental challenge for businesses in Southeast Asia: how to scale logistics rapidly without the overhead of owning infrastructure," said Victor Chua, Vynn Capital's Founding & Managing Partner. "Their model empowers brands to meet growing delivery expectations with speed, reliability, and sustainability. As we double down on our mobility and supply chain thesis, Blitz stands out as a commercially disciplined operator ready to reshape how businesses move goods across the region."
Blitz's Key Milestones in 2024 and 2025: Partnerships and Innovation
- Forbes Under 30: Blitz and CEO Saivya Chauhan named to Forbes 30 Under 30 List for Consumer & Enterprise Technology (Class of 2025).
- NVIDIA Inception Partnership: Selected for NVIDIA's Inception program, gaining advanced AI tools for routing, driver performance analytics, and SLA forecasting.
- Grab Ventures Collaboration: Integrated Blitz's EV fleet with Grab's platform, enhancing sustainable last-mile delivery.
- Operational Scale: Completed over 14 million deliveries, deployed over 1,000 EV bikes, and logged 220 million electric kilometres.
- Market Expansion: Grew operational footprint to 60 cities, becoming Indonesia's largest EV logistics provider.
Market Size
Courier, Express, and Parcel Market Size in Indonesia is estimated to be valued at US$7.86 billion in 2025, with a projected compound annual growth rate (CAGR) of 7.24%. By the end of the decade, the market is expected to reach US$11.15 billion[1], demonstrating significant growth driven by the increasing number of small and medium-sized enterprises (SMEs) and the rapid expansion of e-commerce in the country.
About Vynn Capital
Vynn Capital is an industry-focused early-stage venture capital firm investing in transformative companies across mobility, travel, and supply chains. With deep local networks and a partnership-driven approach, Vynn Capital supports founders through capital and strategic collaboration. Learn more at vynncapital.com.
About Blitz
Blitz is Indonesia's largest and leading EV logistics enabler, providing white-labelled, instant, and same-day deliveries powered by electric vehicles and proprietary technology. Visit rideblitz.com.
Reference:
- Mordor Intelligence. (2025, March 18). Mordor Intelligence. Global Information, Inc. (GII) - Premium market research reports. https://www.mordorintelligence.com/industry-reports/indonesia-courier-express-and-parcel-cep-market
KUALA LUMPUR, Malaysia, Aug. 25, 2025 /PRNewswire/ -- Blitz Electric Mobility (Blitz), Indonesia's leading EV logistics enabler, has closed a Pre-Series A funding round led by Malaysia-based Vynn Capital.
This investment marks Vynn Capital's ongoing commitment through its mobility and supply chain fund, with participation from existing Blitz investor Iterative Capital. The round also brings in notable new backers, including former Andreessen Horowitz general partner Balaji Srinivasan, ex‑PayPal exec Rajesh Venkatesh, and Vinner Ventures. These add to Blitz's roster of impact-driven institutional investors such as Asian Development Bank (ADB) Ventures, FiveFortyAlpha, BonBillo Fund, and Peak XV.
A Business Model Built for Scale and Sustainability
Blitz's asset-light, tech-first approach places it at the forefront of sustainable logistics in Indonesia's last-mile delivery market. The company addresses three critical challenges: meeting instant delivery demands, overcoming the complexities of scaling in-house logistics, and enabling cleaner, electrified infrastructure. Blitz empowers businesses with scalable, same-day, and instant delivery without the need to own or manage their own fleet assets.
Blitz operates a growing pool of thousands of gig couriers, providing tailored B2B logistics solutions that include:
- 1- to 12-hour instant and same-day deliveries
- Integrated white-label logistics services
- Comprehensive delivery management under clients' own brands
Unlike other players, Blitz has built a unique model designed for sustainable margins, long-term client partnerships, and embedded EV financing for gig workers.
In 2024, Blitz had tripled its revenue while cutting its burn rate by over 70%, significantly optimising its operational costs. With a disciplined strategy, the company has achieved substantial profitability improvements.
Now entering a new chapter of disciplined, sustainable growth, Blitz plans to use its secured funding to accelerate expansion across Indonesia. With a sharper focus on efficiency, quality clients, and scalable operations, the company is aligning its resources to drive stronger unit economics and long-term value. This renewed strategy positions Blitz to move confidently toward profitability while continuing to deliver impact at scale.
"The initial growth phase is behind us. Now, our focus is disciplined scaling. That means maximizing what works and discontinuing what doesn't," said Saivya Chauhan, Founder and CEO of Blitz. "This funding reflects confidence in our proven model and positions us to secure capital aligned with our long-term objectives," added William So, Co-Founder and CFO of Blitz.
"Blitz is solving a fundamental challenge for businesses in Southeast Asia: how to scale logistics rapidly without the overhead of owning infrastructure," said Victor Chua, Vynn Capital's Founding & Managing Partner. "Their model empowers brands to meet growing delivery expectations with speed, reliability, and sustainability. As we double down on our mobility and supply chain thesis, Blitz stands out as a commercially disciplined operator ready to reshape how businesses move goods across the region."
Blitz's Key Milestones in 2024 and 2025: Partnerships and Innovation
- Forbes Under 30: Blitz and CEO Saivya Chauhan named to Forbes 30 Under 30 List for Consumer & Enterprise Technology (Class of 2025).
- NVIDIA Inception Partnership: Selected for NVIDIA's Inception program, gaining advanced AI tools for routing, driver performance analytics, and SLA forecasting.
- Grab Ventures Collaboration: Integrated Blitz's EV fleet with Grab's platform, enhancing sustainable last-mile delivery.
- Operational Scale: Completed over 14 million deliveries, deployed over 1,000 EV bikes, and logged 220 million electric kilometres.
- Market Expansion: Grew operational footprint to 60 cities, becoming Indonesia's largest EV logistics provider.
Market Size
Courier, Express, and Parcel Market Size in Indonesia is estimated to be valued at US$7.86 billion in 2025, with a projected compound annual growth rate (CAGR) of 7.24%. By the end of the decade, the market is expected to reach US$11.15 billion[1], demonstrating significant growth driven by the increasing number of small and medium-sized enterprises (SMEs) and the rapid expansion of e-commerce in the country.
About Vynn Capital
Vynn Capital is an industry-focused early-stage venture capital firm investing in transformative companies across mobility, travel, and supply chains. With deep local networks and a partnership-driven approach, Vynn Capital supports founders through capital and strategic collaboration. Learn more at vynncapital.com.
About Blitz
Blitz is Indonesia's largest and leading EV logistics enabler, providing white-labelled, instant, and same-day deliveries powered by electric vehicles and proprietary technology. Visit rideblitz.com.
Reference:
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Blitz Electric Mobility, Indonesia's Leading EV Logistic Enabler, secures Pre-Series A Investment Led by Vynn Capital
- Having secured the fully driverless commercial permit in mid-November 2025, the partners have launched fully autonomous ride-hailing service via the AutoGo app.
- Initial operations cover Yas Island, with phased expansion planned for Reem, Al Maryah, and Saadiyat Islands.
- The launch marks a critical step toward the partners' goal of deploying hundreds of vehicles by 2026 and building Abu Dhabi's largest fully driverless fleet.
ABU DHABI, UAE, Jan. 17, 2026 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) today announced that its autonomous ride-hailing service, Apollo Go, and AutoGo, a leading UAE-based autonomous mobility company, have officially launched the fully autonomous commercial ride-hailing service in the emirate. The launch of the service, now available via the AutoGo app, marks a major milestone in the commercialization of autonomous driving in the Middle East. The service has launched initially on Yas Island, where users in Abu Dhabi can now download the app to hail fully driverless rides.
The collaboration between Baidu's Apollo Go and K2's AutoGo began in March 2025, when they announced the partnership to build Abu Dhabi's largest fully driverless fleet. Building on that momentum, the companies secured one of the inaugural permits for fully driverless commercial operation in Abu Dhabi in mid-November 2025 and signed a next-phase agreement to scale the fleet to hundreds of vehicles by 2026. With the service now available to the general public through the AutoGo app, the partners are actively advancing their goal of establishing the emirate's largest fully driverless fleet.
"Moving from an initial partnership agreement to launching live, fully driverless operations for the public in a span of just a few months is a remarkable milestone," said Liang Zhang, Managing Director of EMEA at Baidu Apollo. "This speed of execution highlights the technical readiness of Apollo Go, the strong operational capabilities of our partnership, and the steadfast support of local regulatory bodies."
"AutoGo's transition to live robotaxi operations marks an important milestone in Abu Dhabi's autonomous mobility journey," said Sean Teo, Managing Director of K2. "Launching the service at the start of the year reflects our focus on execution and long-term value creation. By introducing robotaxi services in real urban environments and scaling across key districts, we are moving decisively from development to deployment—delivering autonomy that is practical, safe, and ready for everyday use."
The initial operation covers Yas Island, a premier leisure and entertainment hub in Abu Dhabi, now designated as a permitted zone for fully driverless operations. This service allows users to simply download the AutoGo app, request a ride, and experience a journey in a vehicle with no human driver behind the wheel.
Following the initial launch on Yas Island, the service will implement a phased geographic roll-out across Abu Dhabi. The expansion will begin with Reem Island, Al Maryah Island, and Saadiyat Island. Over time, the service will continue to expand across additional areas, with the long-term objective of operating across the wider Abu Dhabi emirate.
Apollo Go's rapid expansion into the UAE is backed by its industry-leading autonomous driving technology and proven real-world operational expertise. As a leading autonomous ride‑hailing service provider globally, Apollo Go has logged more than 240 million autonomous kilometers, of which over 140 million kilometers were completed in fully driverless mode. With a global footprint across 22 cities, Apollo Go's weekly ride count has recently surpassed 250,000, and the service has completed more than 17 million cumulative rides as of October 31, 2025. Looking ahead, Apollo Go and AutoGo will scale fully autonomous commercial ride-hailing services to reach more users and advance Abu Dhabi's smart city vision.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.
Media Contact
intlcomm@baidu.com
ABU DHABI, UAE, Jan. 17, 2026 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) today announced that its autonomous ride-hailing service, Apollo Go, and AutoGo, a leading UAE-based autonomous mobility company, have officially launched the fully autonomous commercial ride-hailing service in the emirate. The launch of the service, now available via the AutoGo app, marks a major milestone in the commercialization of autonomous driving in the Middle East. The service has launched initially on Yas Island, where users in Abu Dhabi can now download the app to hail fully driverless rides.
The collaboration between Baidu's Apollo Go and K2's AutoGo began in March 2025, when they announced the partnership to build Abu Dhabi's largest fully driverless fleet. Building on that momentum, the companies secured one of the inaugural permits for fully driverless commercial operation in Abu Dhabi in mid-November 2025 and signed a next-phase agreement to scale the fleet to hundreds of vehicles by 2026. With the service now available to the general public through the AutoGo app, the partners are actively advancing their goal of establishing the emirate's largest fully driverless fleet.
"Moving from an initial partnership agreement to launching live, fully driverless operations for the public in a span of just a few months is a remarkable milestone," said Liang Zhang, Managing Director of EMEA at Baidu Apollo. "This speed of execution highlights the technical readiness of Apollo Go, the strong operational capabilities of our partnership, and the steadfast support of local regulatory bodies."
"AutoGo's transition to live robotaxi operations marks an important milestone in Abu Dhabi's autonomous mobility journey," said Sean Teo, Managing Director of K2. "Launching the service at the start of the year reflects our focus on execution and long-term value creation. By introducing robotaxi services in real urban environments and scaling across key districts, we are moving decisively from development to deployment—delivering autonomy that is practical, safe, and ready for everyday use."
The initial operation covers Yas Island, a premier leisure and entertainment hub in Abu Dhabi, now designated as a permitted zone for fully driverless operations. This service allows users to simply download the AutoGo app, request a ride, and experience a journey in a vehicle with no human driver behind the wheel.
Following the initial launch on Yas Island, the service will implement a phased geographic roll-out across Abu Dhabi. The expansion will begin with Reem Island, Al Maryah Island, and Saadiyat Island. Over time, the service will continue to expand across additional areas, with the long-term objective of operating across the wider Abu Dhabi emirate.
Apollo Go's rapid expansion into the UAE is backed by its industry-leading autonomous driving technology and proven real-world operational expertise. As a leading autonomous ride‑hailing service provider globally, Apollo Go has logged more than 240 million autonomous kilometers, of which over 140 million kilometers were completed in fully driverless mode. With a global footprint across 22 cities, Apollo Go's weekly ride count has recently surpassed 250,000, and the service has completed more than 17 million cumulative rides as of October 31, 2025. Looking ahead, Apollo Go and AutoGo will scale fully autonomous commercial ride-hailing services to reach more users and advance Abu Dhabi's smart city vision.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on the NASDAQ under "BIDU" and HKEX under "9888." One Baidu ADS represents eight Class A ordinary shares.
Media Contact
intlcomm@baidu.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Baidu's Apollo Go and K2's AutoGo Commence Fully Autonomous Ride-Hailing Service on Yas Island, Announce Phased Expansion Across Abu Dhabi
