New partnership: CETHO(Indonesia) & TIDE / + DP PLN(Indonesia)
1. Partner’s Name
CETHO(Indonesia) & TIDE
2. Counterparty Website
Cetho | Ciwaru Transaksi Elektronik
Kami menanggapi pemberitahuan dugaan pelanggaran hak cipta dan menghentikan akun pelanggar kambuhan menurut proses yang…
5. Partnership Details
(1) Charzin established a joint venture with Tide Co., Ltd. and CETHO, an Indonesian payment solution IT company, to preoccupy the charging market in Indonesia
(2) DP-PLN (National Public Corporation Pension Fund Bank), a subsidiary of Indonesia’s state-run electric power corporation PLN, We signed an agreement to participate in this joint venture
In Indonesia, the world’s fourth-largest population (270 million), Hyundai Motor began operating its electric vehicle production plant earlier this year, and the electric vehicle market is heating up to the point where the government is leading the transition.
The three companies will enter the Indonesian electric vehicle charging market through the establishment of the joint venture, and as the first project, they have agreed with Indonesian real estate tycoon Alam Sutera Realty to start a pilot electric vehicle charging service at Garuda Park in Bali, where the G20 will be held next month.
** Alam Sutera Realty is a real estate company with the largest shopping mall in Jakarta, Indonesia, and has factory sites, logistics company warehouses, apartments, commercial buildings, and hospitals, so the joint venture plans to charge electric vehicles first to the company’s
Charzin — Operate electric vehicle charger platform in Indonesia / Install slow and fast electric vehicle chargers and supply V2G interlocked chargers (with Tide) ** V2G (Technology that connects electric cars to the power grid to use the remaining power of the battery)
Tide — Conducting remote meter interworking by electric power company
CETHO — It operates a charging and payment system for electric vehicles through mobile phones or prepaid cards, and introduces EVZone, a charging prepaid card and blockchain-based payment system, for vehicle manufacturers and government agencies.
Indonesia has 150 fast chargers and 1,000 slow chargers installed, but the operation is still insufficient and the potential for the expansion of the charger infrastructure market is endless because it cannot keep up with the speed of electric vehicles!!
Through the establishment of this joint venture, the tenant plans to enter the Indonesian market in earnest and expand the charging payment of electric vehicles to the real estate industry in the future.
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