About KAI
KAI is a company based in Bandung (Indonesia) founded in 2016. It operates as a Mobility-as-a-Service, and Pay-per-Use / Usage-Based. KAI has raised $247.3 million across 4 funding rounds from investors including Bank Mandiri, China Developement Bank and Kemenkeu. KAI offers products and services including Passenger Transport, Freight Transport, and LRT Services.
- Headquarter Bandung, Indonesia
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pt Kereta Api Indonesia (Persero)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$247.3 M (USD)
in 4 rounds
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Latest Funding Round
$488.07 M (USD), Debt – Conventional
Feb 13, 2024
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Investors
Bank Mandiri
& 2 more
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Employee Count
Employee Count
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Products & Services of KAI
KAI offers a comprehensive portfolio of products and services, including Passenger Transport, Freight Transport, and LRT Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Passenger rail services are provided across Indonesia.
Freight transport services are offered for goods.
Light rail transit services are operated regionally.
Funding Insights of KAI
KAI has successfully raised a total of $247.3M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $488.07 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $488.1M
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First Round
First Round
(06 Sep 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - KAI | Valuation |
investors |
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| Dec, 2020 | Amount | Series D - KAI | Valuation | Kemenkeu |
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| Nov, 2019 | Amount | Debt – Conventional - KAI | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in KAI
KAI has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Bank Mandiri, China Developement Bank and Kemenkeu. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Development finance offered via long-term lending and bond issuance.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and corporates.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by KAI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - KAI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kai Comparisons
Competitors of KAI
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about KAI
When was KAI founded?
KAI was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is KAI located?
KAI is headquartered in Bandung, Indonesia. It is registered at Bandung, West Java, Indonesia.
Who is the current CEO of KAI?
Edi Sukmoro is the current CEO of KAI.
Is KAI a funded company?
KAI is a funded company, having raised a total of $247.3M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $142.63M, raised on Sep 06, 2019.
What does KAI do?
Rail transportation services are operated by PT Kereta Api Indonesia across the country. Passenger and freight transport solutions are offered, connecting major cities and regions. Urban mobility is supported through LRT services, while continuous transformation is pursued to enhance connectivity and service quality in the transportation sector.
What products or services does KAI offer?
KAI offers Passenger Transport, Freight Transport, and LRT Services.
Who are KAI's investors?
KAI has 3 investors. Key investors include Bank Mandiri, China Developement Bank, and Kemenkeu.