Gojek and TBS Energi Utama have formed a joint venture to help Indonesia’s two-wheel electric vehicle ecosystem grow.

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Gojek and TBS Energi Utama have formed a joint venture to help Indonesia’s two-wheel electric vehicle ecosystem develop more quickly.

PT TBS Energi Utama Tbk (TBS), a leading integrated energy company in Indonesia, and Gojek, Southeast Asia’s leading mobile on-demand services platform, today announced the formation of a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia.

The joint venture, dubbed Electrum, will serve as a platform for both companies to develop two-wheel EV infrastructure across the country.

The two companies will collaborate to develop a comprehensive and scalable EV ecosystem, which will include two-wheel EV manufacturing, battery packaging, battery swap infrastructure, and financing for EV ownership, leveraging Gojek’s deep presence in Indonesia and TBS’ energy sector capabilities.

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This joint venture is part of Gojek and TBS’ commitments to achieve Zero Emissions by 2030, with Gojek transitioning its fleet to 100% electric vehicles and TBS investing in clean and renewable energy at the same time.

The collaboration also aligns with the Indonesian government’s plans to make electric vehicle development a national priority.

“Strong industry collaboration will be critical to help solve the most pressing environmental challenges that society faces today,” Gojek CEO and Co-founder Kevin Aluwi said.

Gojek’s goal is to collaborate with partners to meet our sustainability goals, which include electrifying our entire transportation fleet by 2030.

We will be able to support Indonesia’s transition to a cleaner, more accessible, and sustainable mobility system by combining the best of Gojek and TBS’ strengths, eventually making electric vehicles the norm in our country, contributing to the country’s emissions reduction targets, and improving air quality in our cities.”

“TBS is fully committed to sustainability and our target of achieving net zero emissions by 2030,” said Pandu Sjahrir, Vice President Director of TBS.

This partnership 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 goal of becoming a greener company.”

“It is critical to develop a strong and comprehensive EV ecosystem in Indonesia to enable large-scale adoption of EVs,” Pandu Sjahrir added.

Our extensive experience and knowledge of the energy sector, combined with the large scale of the Gojek network, will serve as a catalyst for the growth of Indonesia’s electric vehicle industry.

We hope that as electric vehicles become more widely available, this will happen.

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