Granite Asia is the lead investor in McEasy, an internet-of-things (IoT) and software-as-a-service (SaaS) enterprise company based in Indonesia. East Ventures, an existing investor, follows in second place.
McEasy announced in a statement that it has now received $11 million in Series A funding in total.
“We intend to use the funds to accelerate the development of new IoT solutions, enable world- class artificial intelligence video-based transportation safety and drive customer-first supply chain ecosystem products,
“Our commitment is to continue delivering innovative solutions that address the critical challenges in Indonesia’s logistics ecosystem,” said Hendrik Ekowaluyo, Co-Founder of McEasy.
Over 85% of logistics players in Indonesia still use manual pen-and-paper methods, indicating that the country’s logistics sector is rife with fragmentation and inefficiency.
Poor driver behavior, inefficient delivery costs, and low delivery satisfaction are the three main problems that have resulted from this.
According to McEasy, resolving these issues is essential to raising the nation’s competitiveness and the prosperity of logistics companies.
According to the company, it has had great success in the first half of 2024.
The McEasy Platform (MEP) offers a comprehensive suite of solutions to address challenges in the country’s logistics ecosystem, with partnerships growing more than six times to 1500 companies over the last 18 months. These solutions include best-in-class IoT mobility for fleet management, comprehensive end-to-end logistics delivery solutions, and vehicle spare part and maintenance solutions.
“In 2023, McEasy expanded its clientele substantially, highlighting its growing role in the market,
“Their customer-centric approach and deep market insights deliver best-in-class solutions for Indonesia’s logistics ecosystem,” said Dimitra Taslim of Granite Asia.
The speaker expressed that Granite Asia is eager to assist McEasy in revolutionizing the industry by setting new benchmarks for operational excellence and achieving notable gains in logistics efficiency.
East Ventures’ partner Melisa Irene stated that the company has been a supporter of McEasy since 2021 and is pleased to have increased its investment in the company threefold.
