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Gojek and TBS Energi Utama forms a JV for EVs in Indonesia

Annjil Chong, DIGITIMES, Taipei 0

Credit: Gojek

A new joint venture (JV) Electrum was formed between the partnership of two Indonesia-based companies, decacorn Gojek and energy firm TBS Energi Utama, with an ultimate goal of accelerating the electric vehicles (EVs) adoption across the country.

Gojet and TBS have already invested US$10 million into Electrum, and the number could go up to US$1 billion within the coming 5 years.

Gojek's CEO Kevin Aluwi claimed that the companies will support Indonesia's emissions reduction targets and air quality improvement by building a cleaner, more accessible, and sustainable mobility system, according to TechinAsia.

Meanwhile, TBS Energi Utama has a budget of approximately US$1.2 billion to facilitate the company's energy transition, more particularly from coal to renewable energy. This project is under the leadership of Pandu Sjahrir, one of the board members at Gojek.

The core of Electrum is to build infrastructure namely batteries, charging stations, and electric motorcycles for two-wheeler electric vehicles (EVs) in Indonesia; and to develop a financing structure, loan scheme opted for Gojek's riders to buy e-bikes and pay for it via installment.

Here are some of the highlights from Gojek in the past few months: a partnership with Gogoro, a Taiwan-based electric scooters and battery station maker; Gesit, an e-bike manufacturer; and Pertamina, a state-owned energy company. The deal well-positioned Gojek in deploying 500 EVs in Jakarta as well as several battery-swapping posts in Pertamina's gas stations.

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