Southeast Asia’s largest integrated car e-commerce platform, Carsome is bolstering its Indonesian operations and has committed to investing in expanding its business in the nation’s planned Nusantara capital.
It is also joining forces with Indonesia-based Electrum to contribute to the future of Indonesian mobility by encouraging the adoption of sustainable mobility solutions as the nation ramps up towards meeting its energy transition goals.
Electrum is a joint venture between TBS and Gojek with a mission to develop and transform the two-wheeled electric vehicle ecosystem in Indonesia.
In conjunction with Carsome’s participation in the Malaysian Prime Minister’s working visit to Jakarta, on Sunday, Carsome’s Co-founder and Group CEO Eric Cheng submitted a Letter of Intent (LOI) to the Minister of International Trade and Industry, Tengku Datuk Seri Utama Zafrul Abdul Aziz citing the company’s interest to set up operations in Nusantara and to invest in digitalizing its automotive industry.
The ceremony was witnessed by the Prime Minister, Datuk Seri Anwar Ibrahim, who was accompanied by Foreign Minister Datu Seri Dr. Zambry Abd Kadir, Indonesia’s Foreign Minister Retno Werdiningsih, and Indonesia’s Public Works and Housing Minister Basuki Hadimuljono.
Carsome’s LOI was subsequently handed by Malaysia’s Minister of International Trade and Industry to Bambang Susantono, Chairman of the Nusantara Capital City Authority in the presence of the Malaysian Prime Minister and the President of Indonesia, Joko Widodo at the Bogor Presidential Palace on Monday.
In a separate development during the Jakarta visit, Carsome announced its collaboration with Electrum to further accelerate two-wheeler EV adoption in response to growing local demand for sustainable and economical transportation.
Electrum, a joint venture between Gojek and TBS Energi Utama was established in 2021 and aims to drive Indonesia to emerge as a leader in the global EV industry.