Portfolio

Venture 1

2026–2030

Mission

We are enabling a China-independent supply chain for North America—for EV batteries, defense, and aerospace.

Core Narrative: Unlocking the American Market

The Indonesian government is acutely aware that its nickel is often excluded from U.S. tax credits (IRA) due to Foreign Entity of Concern (FEOC) rules. We position as the Compliance Bridge: the legal, logistical, and ESG layer that turns disqualified Indonesian nickel into IRA-compliant American batteries.

We align with Hilirisasi (downstreaming)—the legacy policy of President Jokowi and Prabowo: no export of raw ore. We extend Hilirisasi all the way to the American consumer. We help Indonesia capture the post-IRA opportunity by enabling compliant, traceable supply into North America.

Venture Summary

Venture 1 was conceived and developed by Angga Raksa following independent, founder-led research into global commodity flows, electric vehicle supply chains, and structural inefficiencies in cross-border nickel sourcing.

Through this research, Angga identified a clear opportunity: Indonesia’s rapid rise as the world’s dominant nickel exporter was not yet matched by a dedicated, relationship-driven market access bridge serving North American industrial buyers—in EV batteries, defense, and aerospace. This gap—between Southeast Asian supply and North American demand—became the foundation of the venture.

The business is intentionally designed to scale in phases, evolving from capital-light trade facilitation into trading, advisory, and ultimately a private equity–backed international platform, with strong governance and capital efficiency at its core.

Founder & Government Relations

Angga Raksa maintains an active network with ministers and senior officials in Indonesia. This access positions the venture to work directly with policymakers and industry bodies to fix supply-chain bottlenecks, raise quality and production standards, and support job creation and skills development in nickel and critical materials for EV batteries, defense, and aerospace.

By aligning producer capabilities with Western buyer requirements and with Indonesia’s downstream and export goals, the venture contributes to stronger economic and strategic ties between the West and Indonesia—enabling a more resilient, transparent, and high-quality supply chain for North America (EV, defense, and aerospace) while supporting Indonesia’s role as a critical supplier.

Phased Business Model

Phase 1: Nickel Brokerage (Years 1–2)

The venture begins by securing offtake and establishing the trade route. We act as a supply chain integrator and offtake partner between Indonesian nickel producers and North American buyers—positioning as a market access bridge, not a rent-seeking middleman.

Key activities include:

Securing long-term offtake and trade facilitation agreements with Indonesian mining companies
Serving North American industrial buyers in EV batteries, defense, and aerospace seeking reliable nickel and critical-materials supply
Navigating regulatory, export, and logistics complexity on behalf of both sides
Building defensible deal flow through relationship-driven sourcing and buyer exclusivity

Value Created

Reduced sourcing friction for North American buyers
Expanded export access and buyer reach for Indonesian miners
Strong margins with minimal capital intensity

Phase 2: Trading & Mining Consultancy (Post-Capital Accumulation)

As capital and market positioning strengthen, the venture transitions beyond trade facilitation.

This phase introduces:

Principal nickel trading to increase margin and volume control
Mining and export advisory services, including:

Regulatory and export compliance
ESG positioning and reporting alignment
Operational optimization and market access strategy

This phase deepens control over pricing, contracts, and long-term relationships.

Phase 3: Private Equity & International Structuring

With scale and track record established, the venture evolves into an institutional-grade structure. Our goal is to co-invest in refining capacity and bring Canadian/U.S. processing technology to our partnerships in Indonesia—technology transfer and long-term commitment, not fly-by-night trading.

Key elements include:

Establishment of a North America–focused SPV (Special Purpose Vehicle)
Creation of an international holding structure to enable investor participation and capital pooling
Multi-jurisdiction capital flow design:

Investor capital routed through offshore holding vehicles
Operational coordination via Singapore
Regional operating subsidiaries aligned with local regulation

Long-Term Vision

The long-term objective is to build a vertically integrated nickel and critical-materials platform that bridges Southeast Asian supply with North American demand—for EV batteries, defense, and aerospace—evolving into a strategic commodities player with trade facilitation, trading, advisory, and investment capabilities.

Presentation to the Government of Indonesia (GOI)

Four pillars

A. Diversifying direct investment (non-aligned strategy). We bring Western capital and market access to balance Indonesia's portfolio. We help Indonesia achieve true Bebas Aktif (active and free) economic diplomacy by opening a dedicated trade corridor to North America that is independent of current geopolitical tensions.
B. Solving the "dirty nickel" stigma (ESG). We bring Western ESG certification and transparency. We implement the tracking systems required by U.S. automakers. This helps brand Indonesian nickel as a premium product rather than a commodity, potentially increasing revenue per tonne for the country (taxes, royalties).
C. The trilingual asset. Our team speaks Bahasa Indonesia, Mandarin, and English. We position as a trade facilitator and market access partner—translators of policy, not just language—rather than a rent-seeking middleman.
D. Technology transfer & investment roadmap. We start by building the trade route (Phase 1). Our goal is to co-invest in refining capacity and bring Canadian/U.S. processing technology to our partnerships in Indonesia (Phase 2 & 3).

Nickel Venture Strategy

NICKEL VENTURE STRATEGY
│
├── Market Opportunity
│   ├── Rising EV, Defense & Aerospace Demand (North America)
│   ├── Indonesia Nickel Expansion
│   └── Supply-Demand Gap
│
├── Phase 1: Brokerage (Years 1–2)
│   ├── Indonesian Mining Companies
│   ├── North American Buyers
│   ├── Long-Term Offtake Agreements
│   ├── Relationship-Based Deal Flow
│   └── Low Capital, High Margin
│
├── Phase 2: Trading & Consulting
│   ├── Principal Nickel Trading
│   ├── Mining Advisory Services
│   │   ├── Compliance
│   │   ├── ESG Strategy
│   │   └── Market Access
│   └── Increased Margin Control
│
├── Phase 3: Private Equity Structure
│   ├── SPV (North America Operations)
│   ├── Investor Capital Pooling
│   ├── Strategic Acquisitions
│   └── Long-Term Control
│
├── International Structure
│   ├── Offshore Holding (Investor-Friendly)
│   ├── Singapore Operations
│   └── Regional Subsidiaries
│
└── Long-Term Vision
    ├── Vertically Integrated Platform
    ├── Commodity Trading Powerhouse
    └── SEA → North America Nickel Bridge

Founder-Led Research & Validation

The research underpinning this venture was independently conducted and led by Angga Raksa, beginning with macroeconomic analysis, commodity demand forecasting, and comparative studies of global mining and trading models.

To ensure analytical rigor, Angga actively collaborated with and sought validation from professionals within his global academic and institutional network. This included working with a researcher affiliated with the International Monetary Fund and a graduate of the Harvard Kennedy School, as well as a Stanford University alumnus. Their role focused on fact-checking assumptions, validating macro and market insights, and strengthening the research framework.

Additional validation of market assumptions and early-stage business model design was supported by academic professionals and educators from leading institutions, who assisted in stress-testing the opportunity, challenging core hypotheses, and refining the venture’s strategic foundation.

The private equity business model and international structuring were further informed through mentorship from a senior professional at KKR. This mentorship provided guidance on institutional-grade governance, capital structuring, and scalable execution, while strategic direction and implementation remained founder-led.

Academic Affiliations & Mentorship Network