Vmoto Limited announced that it has entered into a strategic technology and investment agreement with Charged Asia Pte. Ltd. (Charged Asia), which owns 100% of PT Industri Charged Mobilitas and PT Charged Tech Indonesia (Charged Indonesia), a scale up electric motorcycle technology company in Indonesia focused on providing sustainable mobility options and Electric Vehicle as- a-service (EVaaS) to Indonesian customers. Charged Indonesia aspires to lead the sustainable mobility movement in Indonesia by deploying at scale vehicles and services which are affordable while at the same time helping in the reduction of greenhouse gas emissions and supporting government policies encouraging the use of renewable energy resources.

Charged Indonesia has launched a number of electric motorcycle (EV) products equipped with parts supplied by Vmoto and Vmoto developed technology that addresses various needs including logistics, corporate fleets, ride hailing services and personal transportation.