Gojek, TBS Energi forms JV to develop Indonesia’s e-2W ecosystem
Southeast Asia's leading mobile on-demand services platform, Gojek and PT TBS Energi Utama Tbk (TBS), has announced the formation of a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia.
The joint venture, known as Electrum, will act as a platform through which both companies will develop infrastructure for two-wheel EVs throughout the country.
Leveraging Gojek's deep presence in Indonesia and TBS' capabilities in the energy sector, the two companies will work together to build a wide-ranging and scalable EV ecosystem, involving two-wheel EV manufacturing, battery packaging, battery swap infrastructure, and financing for EV ownership.
This joint venture is part of Gojek and TBS' commitments to achieve zero emissions by 2030, which will see Gojek transition its fleet to 100 percent EVs, and TBS invest in clean and renewable energy during the same time. The cooperation is also in line with the Indonesian Government's plans to make the development of the EV industry a national priority.
Gojek CEO and Co-founder, Kevin Aluwi, stated, "We have always recognized that strong industry collaboration will be crucial to help solve the most pressing environmental challenges that society faces today. Gojek aims to work together with partners to achieve our sustainability goals, including fully electrifying our transport fleet by 2030. By bringing together the best of Gojek and TBS' strengths, we will be able to support Indonesia's transition to building a cleaner, more accessible, and sustainable mobility system – ultimately making EVs the norm in our country, contributing to the country's emissions reduction targets and improving air quality in our cities."
Pandu Sjahrir, Vice President Director of TBS, said, "TBS is fully committed to sustainability and our target of achieving net zero emissions by 2030. This collaboration with Gojek is part of our commitment to reinvest our current earnings in clean and renewable energy, in line with our business transformation goals and aim to become a greener business."
Pandu Sjahrir added, "To enable large-scale adoption of EVs in Indonesia, it is crucial to develop a strong and comprehensive EV ecosystem. Our vast experience and deep understanding of the energy sector, combined with the large scale of the Gojek network, will be a catalyst for the development of the EV industry in Indonesia. As EVs become more widely available, we hope that this will inspire greater confidence in EVs from members of the public and encourage them to give it a try, so that they can also enjoy the many benefits of EVs."
