Gearing Up
Forbes Indonesia|July 2021
Local EV producer Volta advances to lead Indonesia’s electric motorbike market
Marella Putri

Following the signing of the presidential regulation on battery electric vehicles (EV) in August 2019, the government has been pushing more EV production and usage policies. Through these measures, the Ministry of Industry aims to gradually increase the production of electric motorbikes in Indonesia, targeting to reach around 1.76 million units in 2025 and up to 2.45 million units by 2030. As a popular and affordable transportation method, more than 133 million motorbikes were running in the country in 2019, according to Statistics Indonesia. This points to the immense size of the market potential for electric motorbike producers in Indonesia and Semarangbased PT Volta Indonesia Semesta (Volta) has taken a few steps to get ahead in entering the market.

In early June, it was announced that PT Energi Selalu Baru (ESB), a new joint venture between PT NFC Indonesia and shipping company SiCepat, took a majority stake in Volta. In order to improve the EV ecosystem in Indonesia, ESB plans to create an integrated, seamless distribution network for electric motorbikes and battery exchange services. As such, Volta is a component to its plans through the production of electric motorbikes for ESB, including supporting the gradual conversion of SiCepat’s own fleet, which stands at around 20,000-30,000 units.

Volta was founded in October 2017 by Willty Awan. Previously, Willty was general manager of PT Tossa Shakti, an automotive company known for pioneering three-wheeled cargo motorbikes and where he worked for nearly 18 years before venturing into the electric vehicle market. Noting how China, the US, and European countries were leaning towards more environmentally-friendly transportation, he aimed to grab a share of the vast market potential in Indonesia as it shifts to EV.

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