#Asia Indonesian coworking space chain EV Hive announces new management team, raises US$0.8M pre-Series A round

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EV Hive also acquired D.Lab, bringing the total number of its coworking space to four locations

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EV HIVE Management Team. Left to Right: CSO Ethan Choi, CEO Carlson Lau, and CFO Jason Lee

Indonesian VC-backed coworking space and community network EV Hive today announced the appointment of its new management team, consisting of CSO Ethan Choi, CEO Carlson Lau, and CFO Jason Lee.

Apart from taking over leadership of the company, the new management team has also invested a US$0.8 million pre-Series A funding round meant to expand its services in Indonesia.

Backed by venture capital firms East Ventures, SMDV, and real-estate developer Sinar Mas Land, EV Hive is also in the process of looking out for a property partner.

“Our team continues to push hard. We intend to roll out seven locations by the end of the year to provide Indonesia’s largest, most convenient co-working network, allowing entrepreneurs to interact, grow and innovate within a tight-knit community,” said CEO Carlson Lau in a press statement.

EV Hive also announced the acquisition of Central Jakarta-based coworking space D. Lab, bringing its total location to four. D. Lab will complement the company’s other locations in Jakarta Smart City Kuningan, Maja Kebayoran Baru, and Breeze BSD.

Also Read: BetaOut aims to dive deeper to Indonesian market with new East Ventures funding

Working hours at EV Hive, The Maja, Kebayoran, South Jakarta

After the acquisition, EV Hive claimed to be the largest coworking space operator in Indonesia based on size and number of locations.

East Ventures Co-Founder and Managing Director Willson Cuaca dubbed the appointment and acquisition as EV Hive’s step to “move to the next level.”

“EV Hive has served us well as East Ventures’ community platform for over a year-and-a-half. We have engaged with over 10,000 start-up talents, run 120 biweekly events, and hosted countless gatherings with our close partners. We also work with industry stakeholders such as Amazon Web Services, Facebook, Google, SGInnovate and the VC community,” he said.

EV Hive also introduced a new flexible coworking desk scheme. Priced at US$75, users will be able to use the membership in all EV Hive locations.

It was recently being part of a partnership between East Ventures and SG Innovate that provides support for Singapore-based and Indonesian startups that aims to expand regionally.

Despite challenges, Indonesia has been seeing rapid growth in the coworking space industry. Recent new launches including GoWork and government-owned Jakarta Creative Hub. Coworking space Rework has also recently launched its second location in Kuningan, South Jakarta.

Images Credit: EV Hive

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