Treeletrik Enters Partnership To Supply 200,000 Electric Motorbikes To Indonesia

Treeletrik Enters Partnership To Supply 200,000 Electric Motorbikes To Indonesia
Treeletrik Enters Partnership To Supply 200,000 Electric Motorbikes To Indonesia
Apr 20, 2021
Homegrown electric vehicle maker, Tree Technologies Sdn Bhd (also known as Treeletrik), has signed a partnership deal to supply 200,000 electric motorbikes to Indonesia. The company will supply its Treeletrik electric motorbikes via distributors, PT Pasifik Sakti Enjiniring and Nahdatul Ulama Board (PBNU).
This partnership will expand Treeletrik’s regional presence and reinforce its position as a key player in promoting electric mobility, supporting ASEAN’s energy transition agenda. Tree Technologies is a subsidiary of Ideanomics (NASDAQ: IDEX), which is headquartered in USA and has operations China, Ukraine, Malaysia and USA. Ideanomics acquired 51% ownership of Treeletrik in 2019. The company had since begun organising itself for growth in the ASEAN region to tap the region’s heavy reliance on two- and three-wheeled transportation.

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