JAKARTA: State asset fund Danantara, through its investment arm Danantara Investment Management, has inked a non-binding agreement with local conglomerate Bakrie & Brothers and its electric vehicle (EV) subsidiary VKTR Teknologi Mobilitas (VKTR) to explore strategic investment in Indonesia’s commercial EV ecosystem.
Danantara said it was to support the acceleration of commercial EV adoption, particularly for electric buses and trucks.
The partnership seeks to support the expansion of VKTR’s mobility-as-a-service business activities, develop an integrated electric mobility ecosystem model designed to reduce barriers to EV adoption, expand access to financing, as well as expedite fleet operators’ transition to EVs, including operators of electric buses in the archipelago.
“Investment in commercial electrified mobility is a long-term energy transition investment that can bring a positive impact in accelerating national EV adoption,” Pandu Sjahrir, chief investment officer of Danantara, said in a statement.
“We see this collaboration as part of broader efforts to reduce emissions, strengthen the national industry, push for downstreaming and build a sustainable economic foundation,” he added. — The Jakarta Post/ANN
