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SiCepat taps electric vehicle space in JV with NFC Indonesia, buys EV maker Volta Source: CHUTTERSNAP/Unsplash June 9, 2021 Indonesian logistics company SiCepat has entered the electric vehicle (EV) business through a joint venture with NFC Indonesia, a subsidiary of the listed digital company M Cash Integrasi, the companies announced in a statement. The deal marks the latest tie-up between SiCepat and M Cash. Both companies have been making investments into each other’s subsidiary units. The newly formed EV company, Energi Selalu Baru (ESB), will focus on the distribution of electric motorcycles, battery exchange and supporting services. Following the joint venture agreement, M Cash subsidiaries Digital Mediatama Maxima and Telefast Indonesia will take minority stakes in ESB by providing commercial, infrastructure and ecosystem support. ....