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Gojek, TBS Energi form joint venture in EV industry
Gojek and PT TBS Energi Utama have formed a joint venture, Electrum, to establish a comprehensive electric vehicle industry.
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Gojek riders wait for their delivery orders at a distribution centre in Surabaya, East Java, on May 17, 2021. Gojek plans to become a net-zero company by 2030 by electrifying all of its fleet. (AFP/Juni Kriswanto )
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ide-hailing decacorn Gojek is entering the electric vehicle (EV) manufacturing industry through a joint venture with energy company PT TBS Energi Utama to develop an end-to-end EV ecosystem.
The joint venture, called Electrum, will manufacture electric two-wheelers, battery packaging and battery-swapping infrastructure, as well as providing EV loans.
“This joint venture is part of our effort to use electric vehicles for all of our business lines,” Gojek CEO Kevin Aluwi said during a press conference on Thursday, referring to the company's ride-hailing, food, grocery and last mile delivery services. “So this is a commitment that is at the heart of our core business.”
The company announced in May a commitment to attain net-zero carbon emissions by 2030, which entails switching its entire vehicle fleet to EVs, among other strategies.
Gojek recently started its second EV trial with a goal of deploying 5,000 electric motorcycles. The technology company previously said that it used EV rental schemes for their drivers, but Kevin said that providing loans was better as drivers could own the motorcycles.
Read also: Gojek to deploy 5,000 e-motorbikes in second EV trial
While the size of the investment in the joint venture was not disclosed, TBS Energi Utama vice president director Pandu Sjahrir said that it was “an even split” between the two.
