- CEO
- Gilarsi Wahju Setijono
- Full Time Employees
- 1,367
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Bakrie Tower Jakarta Indonesia 12940
- IPO Date
- Jun 19, 2023
- Business
- PT VKTR Teknologi Mobilitas Tbk PT VKTR Teknologi Mobilitas Tbk engages in the trading, manufacturing, and assembly of electric vehicles and related components in Indonesia. The company offers electric buses including 12-meter and 8-meter models with complete knocked-down assembly, electric motorcycles under the VKTR brand, battery-based electric vehicles such as garbage compactors, dump trucks, drumroll trucks, tractor heads, transporters, and electric forklifts; it also provides charging stations, telematics, smart fleet management systems, foundry and automotive components like brake drums, flywheels, disc brakes, hubs, and vehicle bodies, alongside wholesale and leasing of automotive products. A subsidiary of PT Bakrie & Brothers Tbk, PT VKTR Teknologi Mobilitas Tbk traces its origins to PT Bakrie Steel Industries founded in 2007 and is headquartered in Jakarta Selatan, Indonesia, with operations focused on mining contractors, palm oil plantations, logistics firms, government agencies, state-owned enterprises, and fleet operators including Transjakarta.
In 2022, the company rebranded from PT Bakrie Steel Industries to PT VKTR Teknologi Mobilitas Tbk, pivoting to electric vehicle trading, manufacturing, assembly of electric buses, and original equipment manufacturer spare parts distribution; it listed shares on the Indonesia Stock Exchange in June 2023. Recent developments include construction of Indonesia's first CKD electric vehicle assembly facility in Magelang, Central Java, targeting over 40% local content for 12-meter electric buses; delivery of 29 electric buses and chassis to Transjakarta operators, first electric buses for airport mobility, introduction of the inaugural electric compactor truck at Ibu Kota Negara, and seven electric forklifts in 2024, achieving a 44% year-on-year increase in EV sales. Strategic alliances encompass a February 2024 joint venture with PT Indomobil Sukses Internasional Tbk via PT IMG Sejahtera Langgeng for passenger and commercial EVs, another with Pertamina New & Renewable Energy for around 1,000 commercial EVs under an e-Mobility as a Service model, exclusive brand holding for BYD electric buses and trucks, and partnerships with Hino, Mitsubishi Fuso, Suzuki, Daihatsu, Toyota, Yanmar, Komatsu, CV Tri Sakti, PT Goodrich Zhong Xing, PT Gaya Abadi Sempurna, and Equipmake for production, retrofits, and local component enhancement; subsidiaries like PT Bakrie Autoparts and PT Braja Mukti Cakra hold IATF 16949, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.