EV Hive Changes Name to CoHive

NOVEMBER 8, 2018 — Indonesia’s largest coworking space operator, COCOWORK (previously known as EV Hive), is pleased to announce its rebranding into CoHive to provide various products such as co-living solutions (CoHive Co-Living and Residences) and new retail concepts (CoHive Marts and CoHiveX), not limited to coworking space

CoHive currently operates more than 32,000m2 of workspace solutions across 22 locations in Jakarta and Medan, and host a 5,500+ strong community of enterprises, SMEs and startups who subscribe for its monthly or longer packages for workspace solutions. CoHive has developed a wholistic, fully integrated set of services for sourcing strategically located properties, concepting and fitting beautiful, collaborative spaces, and hosting community building activities, enabling the Company to rapidly triple the square footage of workspace managed to 100,000m2 across Indonesia by 2019.

Carlson Lau, CEO and Co-Founder of CoHive remarked: “The sharing economy is an important conduit through which new generations of entrepreneurs can access much needed resources and community support to start and grow their business. Through our comprehensive set of solutions on the CoHive platform, our community of entrepreneurs can work, live and play within our ecosystem. We have a strong pipeline of entire office towers and townships where we eagerly looking to put through our entire set of shared services and community building activities that will be rolled out to our community over 2019.”

CoHive is supported by a strong set of investors, including East Ventures, Sinar Mas Digital Ventures, Insignia Ventures, SoftBank Ventures Korea, H&CK Partner, Tigris Investment and Intudo Ventures.