Announced
Financials
Sources
Tags
electric motorcycles
Majority
Automobiles
Private
Pending
Acquisition
Single Bidder
Friendly
Indonesia
Domestic
Synopsis
NFC Indonesia, a digital platform operator, and Sicepat, a provider of logistics services, joint venture agreed to acquire Volta, a developer of electric motorcycles. Financial terms were not disclosed. “We expect that as battery technology improves with time, going green in the transportation/logistics industry will become increasingly affordable and economical,” The Kim Hai, SiCepat CEO.
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