Gojek, TBS Energi form joint venture in EV industry

Ride-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.”

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