This alliance is dedicated to pioneering sustainable mobility solutions for public transportation in Indonesia. The partnership, formalized through a Letter of Interest to the US International Development Finance Corporation (US DFC), is a strategic endeavor towards achieving Indonesia's Net Zero emission target by 2060.

Washington DC - Monday, 13 November 2023

 

PT VKTR Teknologi Mobilitas Tbk ("VKTR"), a pioneer in commercial and public electric vehicle (EV) mobility and a subsidiary of the Bakrie Group, in collaboration with PT Pertamina Power Indonesia ("Pertamina NRE"), a sub-holding of PT Pertamina (Persero) focused on new and renewable energy, today announced a groundbreaking partnership. This alliance is dedicated to pioneering sustainable mobility solutions for public transportation in Indonesia. The partnership, formalized through a Letter of Interest to the US International Development Finance Corporation (US DFC), is a strategic endeavor towards achieving Indonesia's Net Zero emission target by 2060.

Jakarta's air quality, which reached alarming levels on September 19th, 2023, underscores the urgency of this initiative. As the city with the world's worst air quality, primarily due to transportation sector emissions, this partnership represents a critical step in decarbonizing transportation and improving urban air quality.

In line with President Joko Widodo’s directive to accelerate the electrification of public transportation, as stipulated in President Regulation No.55/2019 and President Instruction No.7/2022, this collaboration is timely and essential.

With a substantial bus population of over 260,000, Indonesia presents a significant opportunity for EV bus penetration. The partnership introduces the innovative e-MaaS (electric Mobility as a Service) model, offering flexible financing for EV bus operations and maintenance, thereby reducing reliance on government funding.

Gilarsi W. Setijono, CEO of VKTR, remarked at the LoI signing in Washington, DC, “Our combined expertise in electrification public transportation and renewable energy uniquely positions us to lead transformative solutions in Indonesia. We are committed to facilitating a comprehensive EV infrastructure, transitioning from a CAPEX to an OPEX model, and substantially contributing to Indonesia's economy.”

Dannif Danusaputro, CEO of Pertamina NRE, added, “Pertamina NRE is dedicated to achieving Net-zero emissions by 2060 or sooner. We focus on decarbonizing challenging sectors through low carbon solutions, renewable energy development, and building future businesses comprising EVs, batteries, clean hydrogen, and carbon business. We believe that collaboration will accelerate our efforts.”

The partnership aims to assist entities like TransJakarta and the New Capital IKN in developing the necessary infrastructure for widespread EV adoption. The e-MaaS model is not limited to vehicles; it encompasses essential infrastructure such as charging stations and renewable energy sources, offering a holistic and cost-effective solution for major Indonesian cities.

This collaborative effort through e-MaaS is ready for immediate implementation in various sectors, promoting green transportation and electric transformation projects. Its scalability also opens avenues for expansion into other regions, fostering a robust and sustainable green transportation ecosystem.

About VKTR

PT VKTR Teknologi Mobilitas Tbk. (VKTR) is at the forefront of the electric vehicle ecosystem in Indonesia's heavy mobility segment. Committed to accelerating sustainable mobility, VKTR collaborates with leading electric vehicle manufacturers to drive innovation and progress.

About PNRE

PT Pertamina Power Indonesia (Pertamina NRE) is a subsidiary of PT Pertamina (Persero), Indonesia’s largest energy company. Its business focuses on three pillars; low carbon solutions, renewable energy, and new & future business. It is highly committed to supporting Indonesia’s energy transition and achieving net zero emission 2060,  as well as implementing ESG.

 

For further information:

Investor Relations (alex.kim@vktr.id)

Corporate Secretary (corsec@vktr.id)

Media Relations (arita.gloria@vktr.id)

Corporate Secretary (dicky.septriadi@pertamina.com)