EV mobility company offering EV conversion, battery swapping, and IoT/fleet management solutions to B2B/G markets.

- A mobility company offering EV motorcycle managed services.
- Operations started just 3 months back.
- We source fuel-based motorcycles from 60 brand dealers across Indonesia, convert to EVs in our assembling plant and are sold to clients.
- Targeted market is B2B and B2G.
- Currently, our market is only B2B and we have 3 industrial clients.
- Revenue is generated by offering subscription contracts, which is valid for 2 years and we supply vehicles on monthly basis.
- Sold over 2,000 vehicles since inception and planning to sell 3,000 by December 2023.
- There are 15 permanent employees and additionally, we have a 10 to 15 contract employees.
- Projecting an annual turnover of USD 800k and profit margins of >40% by next year.

Conversion of fuel-based motorcycles into EV vehicles.
Sold to B2B and B2G markets - industrial clients.

The business funding is bootstrapped and owners funded the operations fully. Currently there are 3 shareholders holding 50%, 40% and 10%.

Physical assets include fleet of 200 vehicles and other office and assembling equipment.