Global charging station developer V-GREEN has recently announced the signing of a Memorandum of Understanding (MoU) with four strategic partners to deploy a total of 63,000 dedicated charging ports for VinFast electric vehicles in Indonesia by 2025, doubling its previously announced target.
According to V-GREEN, this event reaffirms their commitment to expanding the VinFast electric vehicle ecosystem in Southeast Asia and underscores the company’s credibility and appeal to leading names in the green transportation industry.
As per the agreement, V-GREEN and its partners—Chargecore, Chargepoint, Amarta Group, and CVS—are committed to investing a total of $300 million to develop charging infrastructure in Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The projects will kick off in May 2025, and the first charging stations will become operational in June.
V-GREEN signs MoU with 4 strategic partners to deploy 63,000 dedicated charging ports for VinFast electric vehicles in Indonesia by 2025
In 2025, Chargecore is expected to invest a minimum of $30 million. Chargepoint, Amarta Group, and CVS will distribute charging stations and each commit to investing $5.3 million per year. Regarding the investment structure, V-GREEN directly invests in 20% of the charging stations, while the remaining 80% will be raised through a Business Cooperation Contract (BCC) format.
In Indonesia, V-GREEN has been operating through the BCC model with reputable local partners since entering the market. The company aims to create a particularly attractive investment mechanism for investors, including revenue sharing of 750 rupiah/kWh and a guaranteed profit of up to 25% per annum in the first three years of the contract.
These partnerships not only enable V-GREEN to rapidly expand its electric vehicle charging network in Indonesia but also underscore the appeal and potential of green transportation in the archipelago.
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