Maka Motors announced that it has received $37.6 million in a round of funding co-led by new investors East Ventures Pte. Ltd, SV Investment Corporation, AV Ventures on July 20, 2023. The transaction included participation from new investors Northstar Advisors Pte.

Ltd, Provident Capital Partners Pte. Ltd., Alfa Crop Bvba, Skystar Capital, Peak XV Partners, Openspace Ventures Pte. Ltd., Shinhan Venture Investment Co, Ltd., Beenext Pte.

Ltd., Kinesys Group and M Venture Partners Pte. Ltd.