Announced

NFC Indonesia and Sicepat joint venture to acquire Volta.

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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