Danantara partners up with Bakrie Group to boost commercial EV ecosystem
According to a public disclosure published by VKTR, the proposed financing set out in the agreement would provide an indicative principal amount of up to Rp 2 trillion (US$112.7 million).
Danantara Investment Management, through its investment arm DIM, has entered into a non-binding agreement with local conglomerate Bakrie & Brothers and its EV subsidiary VKTR Teknologi Mobilitas to explore strategic investment in Indonesia's commercial EV ecosystem. The collaboration aims to accelerate the adoption of commercial electric vehicles (EVs), particularly electric buses and trucks, in the country.
By supporting VKTR's mobility-as-a-service (MaaS) business activities, the partnership seeks to develop an integrated electric mobility ecosystem model that reduces barriers to EV adoption, expands access to financing, and expedites the transition of fleet operators to EVs. Pandu Sjahrir, chief investment officer of Danantara, highlighted the importance of this long-term energy transition investment in accelerating national EV adoption and contributing to Indonesia's economic development.
The non-binding term sheet serves as an initial framework, with the partnership planning to conduct comprehensive trials to ensure the transactions can generate commercial value and positively impact Indonesia's economic development.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
