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Why Invest in VKTR?
Pioneer in Indonesia’s Commercial EV Industry
VKTR is at the forefront of Indonesia’s transition to sustainable transportation, focusing on the electrification of commercial vehicles.
Our journey began with the introduction of our first electric bus at the 2018 IMF–World Bank Annual Meetings in Bali, where it was deployed to transport official delegates.
Since then, we have taken a proactive role in driving public awareness and engaging in policy advocacy, playing a key role in shaping the regulatory landscape that now enables electric commercial vehicles to operate legally on Indonesian roads.
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Leveraging First-Mover Advantage in a Multi-Billion-Scale Commercial EV Market
Indonesia’s commercial vehicle market presents a significant opportunity for electrification, with over 300,000 buses and 6 million trucks currently in operation.
Yet, EV penetration in this segment remains below 1%, both in terms of total commercial vehicle stock and overall EV adoption.
A full transition to electric vehicles across this fleet would translate into a total addressable market of over USD 400bn, signaling a generational opportunity for value creation.
Electrification in the bus segment is currently led by the public sector, particularly through TransJakarta, the Jakarta government-owned BRT system.
VKTR holds a leading market share in supplying electric buses to TransJakarta, which targets 10,000 electric buses on the road by 2030.
Public sector fleets serve as an effective channel for introducing electric mobility to a wider audience, helping educate the public by directly demonstrating the benefits of cleaner, quieter, and more sustainable transportation.
As one of the largest contributors to carbon emissions in Indonesia, the transport sector represents a critical frontier for decarbonization.
VKTR’s focus on commercial EVs directly supports the country’s ambition to achieve net zero emissions by 2060.
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Indonesia’s First CKD Electric Commercial Vehicle Plant: Local Assembly as a Strategic Lever for Margin Improvement
As Indonesia’s first CKD facility for commercial EVs, VKTR has transitioned from CBU imports to local assembly—unlocking both cost efficiencies and regulatory advantages.
Located in Magelang, a city with a long-standing legacy in Indonesia’s bus body manufacturing industry and competitive labor costs, the plant offers a strategic base for scalable EV production.
We partner with Karoseri Trisakti, one of Indonesia’s most established bus body manufacturers with over 40 years of experience.
One of our bus models is the first in the market to meet the 40% TKDN threshold, making it eligible for the lower VAT incentive. This allows us to offer more competitive pricing to customers while improving margins.
Beyond cost benefits, our localization strategy also contributes to domestic job creation and aligns with Indonesia’s broader push for EV industrialization.
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Strategic Alliances with Global Technology Leaders
VKTR partners with world-class EV manufacturers—including BYD, CHTC, JAC Motors, and Synland—to deliver globally competitive commercial electric vehicles.
These partners are leaders in their segments: BYD is the world’s largest EV maker; CHTC and JAC are pioneers in China’s commercial EV market; and Synland brings advanced smart mobility systems.
These alliances provide VKTR with cutting-edge technology and accelerate time to market—enabling us to focus on local assembly, ecosystem development.
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Established Auto Parts Business Anchoring VKTR’s Earnings Stability
VKTR’s automotive parts manufacturing business—built on over five decades of operational experience—offers a solid foundation of recurring revenue and industrial credibility.
Operating through our in-house foundry, we supply to the two largest commercial vehicle manufacturers in Indonesia, ensuring consistent demand and long-term customer relationships in one of the most resilient segments of the auto industry.
While the majority of our production currently supports internal combustion engine (ICE) vehicles, our facilities and engineering expertise are readily adaptable to EV component manufacturing once market demand scales.
This positions us not only as a steady cash-generating business today, but also as a strategic asset in supporting the broader EV ecosystem in the future.
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