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Indonesia's NFC, SiCepat launch electric motorbike partnership

Venture rides Southeast Asian country's domestic EV and battery ambitions

NFC Indonesia and delivery company SiCepat Express are acquiring a majority stake in electric motorcycle manufacturer Volta Indonesia Semesta. (Photo courtesy of Volta Indonesia Semesta)

JAKARTA -- NFC Indonesia, a digital services company, is teaming up with SiCepat Express, a fast expanding delivery company, as new entrants in the electric motorbike industry, with plans for everything from bike manufacturing to battery stations.

The NFC-SiCepat joint venture, Energi Selalu Baru, will acquire a majority stake in Volta Indonesia Semesta, an electric bike maker based in Semarang, the capital of Central Java Province.

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