Jakarta — Global EV charging station developer V-GREEN has announced the signing of Memoranda of Understanding (MOU) with four strategic partners to deploy approximately 63,000 charging ports in total exclusively for VinFast electric vehicles in Indonesia by the end of 2025, more than double the previously announced target.

This collaboration underscores V-GREEN’s commitment to expanding the VinFast EV ecosystem across Southeast Asia and demonstrates the company’s growing credibility and appeal among leading players in the green mobility sector.

Under the agreement, V-GREEN and its four partners, including Chargecore, Chargepoint, Amarta Group and CVS, will jointly invest a total of $300 million to develop EV charging infrastructure throughout Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali and Kalimantan. The projects will launch this month, with the first stations scheduled to go online in June.

In 2025 alone, Chargecore plans to invest a minimum of $30 million, while Chargepoint, Amarta Group, and CVS have each committed to becoming charging ports distributors and invest approximately $5.3 million annually. V-GREEN will directly invest in 20 per cent of the stations, while the remaining 80 per cent will be implemented through business cooperation contracts (BCC).

Since its entry into the Indonesian market, V-GREEN has operated under the BCC model in partnership with leading reputable local businesses. The company is offering investors highly attractive terms, including a power purchase rate of 750 rupiah/kWh and a guaranteed annual return of up to 25 per cent during the first three years. These strategic collaborations not only enable V-GREEN to rapidly scale its EV charging network across Indonesia but also highlight the strong potential of the country’s green transportation sector. — VNS