Aditya Hadi Pratama · · 1 min readGojek-backed EV firm 🤝 with battery station maker Gogoro
Gogoro, a Taiwan-based battery station maker, has signed a memorandum of understanding (MOU) with Indonesian electric vehicle (EV) company Electrum, which was founded by Gojek and energy firm TBS Energi Utama.
Photo credit: Electrum
According to a statement, both companies will work to build an infrastructure for electric vehicles, especially for two-wheel EVs and battery solutions. It’s a continuation of Gogoro and Gojek’s partnership last year to pilot battery swapping solutions in South Jakarta.
Electrum was founded in November last year to increase the adoption of EVs in Indonesia, as well as bolster the country’s vehicle manufacturing, battery packaging, battery swapping, and vehicle financing capabilities. Gojek and TBS Energi Utama initially injected US$10 million into the joint venture, but Electrum could see investments of up to US$1 billion within the next five years.
Meanwhile, Gogoro already has more than 450,000 riders and more than 10,000 battery swap stations in its home market in Taiwan. The company claimed that 25% of two-wheel vehicles sold in Taipei in December 2021 were powered by its battery-swapping solution.
Editing by Collin Furtado and Jaclyn Tiu
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