The Jakarta Post
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsDanantara 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).
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Set as preferred source
President Prabowo Subianto gestures as he stands in front of an electric bus during the inauguration of the country’s first commercial electric vehicle assembly plant operated by PT VKTR Sakti Industries in Magelang, Central Java, on April 9, 2026. (Courtesy of/BPMI Setpres)
S
tate asset fund Danantara, through its investment arm Danantara Investment Management (DIM), has inked a non-binding agreement with local conglomerate Bakrie & Brothers and its electric vehicle (EV) subsidiary VKTR Teknologi Mobilitas to explore strategic investment in Indonesia’s commercial EV ecosystem.
In a statement published on Tuesday, Danantara said the collaboration aimed to support the acceleration of commercial EV adoption in the country, particularly for electric buses and trucks.
The partnership seeks to support the expansion of VKTR’s mobility-as-a-service (MaaS) business activities, develop an integrated electric mobility ecosystem model designed to reduce barriers to EV adoption, expand access to financing, as well as expedite fleet operators' transition to EVs, including operators of electric buses across the archipelago.
Read also: Electrification drive needs stronger political will, ‘long-term strategy’
“Investment in commercial electrified mobility is a long-term energy transition investment that can bring a positive impact in accelerating the national electric vehicle adoption,” Pandu Sjahrir, chief investment officer (CIO) of Danantara, said in the same statement.
“In line with the Indonesian government priority, we see this collaboration as part of broader efforts to reduce emissions, strengthen the national industry, push for downstreaming and build a sustainable economic foundation,” he added.
Pandu explained that the non-binding term sheet served as an initial framework, with the partnership set to conduct “comprehensive trials” to ensure the transactions could generate commercial value and contribute positively to Indonesia’s economic development.
