PT Indika Energy Tbk (INDY), a company owned by Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Arsjad Rasjid, will attempt to strengthen the EV ecosystem by establishing a new company, PT Industri Baterai Nusantara (IBN).
PT Industri Baterai Nusantara will be specializing in the production of EV batteries and was established with a registered capital of IDR 45 billion.
According to Adi Pramono, the Corporate Secretary of INDY, IBN is a subsidiary of INDY, owned by PT Solusi Mobilitas Indonesia (SMI) with a 99.99% of share ownership, and PT Indika Energy Infrastructure (IEI) with a 0.002% share ownership.
“IBN’s establishment has received legal recognition from the Minister of Law and Human Rights through Decree No. AHU-0071936.AH.01.01 of 2023, dated September 22, 2023,” said Adi.
Adi explained that IBN will be engaged in four business activities. First, it will focus on the production of electric vehicle batteries for motor vehicles.
In addition, the company will offer management consulting services coupled with wholesale trading of motorcycles and their spare parts and accessories.
Also, the company will be involved in the wholesale trading of cars and their spare parts and accessories.
“SMI and IEI’s participation in IBN is part of the company’s group-wide expansion efforts into the electric vehicle sector,” Adi noted.
Previously in 2022, Indika had already established a subsidiary specializing in electric motorcycle production, PT Ilectra Motor Group (IMG), under the Alva brand.
The Alva factory in Cikarang, West Java, has a production capacity of 1,200 units per month. Their electric motorcycle products, including Alva One and Cervo, are currently marketed with prices ranging from IDR 30 million to IDR 40 million per unit. In the future, IMG plans to produce electric motorcycles priced below IDR 20 million per unit.
In addition to IMG, Indika also operates two subsidiaries involved in the trade and distribution of electric vehicles and the maintenance of electric vehicles. These subsidiaries are PT Electra Distribusi Indonesia (EDI) and PT Electra Auto Indonesia (EAI).
Indika has also collaborated with the Taiwanese electronics giant, Foxconn, to produce electric buses. These electric buses can carry 45 passengers and cover a distance of 350 km on a single charge. They were tested during the G20 Summit held in Bali at the end of the previous year.
Indika Energy’s commitment to expanding its electric vehicle business highlights its dedication to supporting the growth of sustainable transportation in Indonesia.
