TREE Technologies Sdn Bhd (Treeletrik), a Malaysian home-grown electric vehicles (EV) maker has emerged as the first regional supplier to export e-motorbikes within the Asean region after sealing a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia.
The inking of the distributorship agreement with PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (PBNU) has extended Treeletrik’s regional presence as a key player in promoting electric mobility, thus supporting Asean’s energy transition agenda.
In line with the region’s evolving energy landscape,Treeletrik aims to contribute to Southeast Asia’s aspiration to reduce the level of final energy consumption in the road transport sector by 2040 – a move that paves the way for EV makers to continue building a progressive EV ecosystem.
“Treeletrik is a pioneer in bringing true electric motorbikes from Malaysia to the Asean region and beyond, spearheading a new method of mobility,” commented Treeletrik CEO Datuk Viswananthan Menon.
“Our 100% electric motorbikes offer customers long-term cost savings and more importantly, it contributes toward an overall positive impact to the environment.”
The agreement spanning three years will see Treeletrik – a 51% subsidiary of Nasdaq-listed Ideanomics – supply electric motorbikes to be jointly marketed by PT Pasifik Sakti and PBNU for the Indonesian market.
PT Pasifik Sakti which operates the electric motorbikes brand MOLINUS (Motor Listrik Nusantara) will now add Treeletrik’s 100% electric motorbikes to its portfolio.
A joint venture is also in the pipeline between Treeletrik and PT Pasifik Sakti to establish an assembly plant in Indonesia in anticipation of growing demand for the electric motorcycles.
Certified in Europe and Malaysia with UNECE WP.29, the new electric motorbike range will feature Treeletrik’s signature quick swap lithium battery technology. With an average speed of 65-90 km/hour, the e-motorbikes have a travel range of 85 to 120 km.
In preparation to fulfil its growing order books, Treeletrik is investing in its assembly, production, and marketing facilities, initially in Selangor and later at a new facility in Gebeng, Pahang.
It also plans to establish an assembly plant in Indonesia, in conjunction with the distribution partner, to streamline supply chain efficiencies and improve margins through local assembly in markets with sufficient demand.
The EV player began exporting an estimated 50 units of electric motorbikes to Thailand and Indonesia in 2020, with an additional 15,000 units due to be exported this year. Other markets Treeletrik is eyeing as potential customers include the Philippines and Cambodia. – April 15, 2020