Danantara: State Banks Ready to Fund Molinas Electric Motorcycle

Danantara Indonesia CEO Rosan Perkasa announced that all state-owned banks and financial institutions are prepared to provide funding to the National Electric Motor (Molinas). These institutions will offer lower interest rates and longer repayment terms, according to Rosan, who addressed the launch of Molinas and its supporting ecosystem in Cikarang, Bekasi, West Java.

He also revealed that Danantara plans to waive or reduce the initial 10% down payment, aiming to boost public interest in purchasing electric motorcycles. This initiative seeks to accelerate the production of national electric motorcycles in Indonesia. Rosan, who serves as the Minister of Investment and Downstreaming and Head of the Investment Coordinating Board (BKPM), estimates the potential market for electric motorcycles in Indonesia at US$170 billion (Rp3,036 trillion).

Around 10 Indonesian companies have met the Ministry of Industry's Domestic Component Level criteria. Rosan highlighted PT Len Industri's role in developing national electric motorcycles that meet international standards, stressing that Indonesia's achievements extend beyond national borders. President Prabowo Subianto inaugurated the domestically produced Molinas and its supporting ecosystem at the PT Ilectra Motor Group (ALVA) facility in Cikarang, Bekasi Regency, West Java.

The President commended private business players' courage in venturing into electric motorcycle production, amid stiff competition from Chinese, Japanese, and South Korean manufacturers. He emphasized that these entrepreneurs' efforts are vital to Indonesia, symbolizing a unified approach toward "Indonesia Incorporated." President Prabowo believes this initiative can help reduce reliance on imported fuel oil.