SiCepat taps electric vehicle space in JV with NFC Indonesia, buys EV maker Volta

Source: CHUTTERSNAP/Unsplash

Indonesian logistics company SiCepat has entered the electric vehicle (EV) business through a joint venture with NFC Indonesia, a subsidiary of the listed digital company M Cash Integrasi, the companies announced in a statement.

The deal marks the latest tie-up between SiCepat and M Cash. Both companies have been making investments into each other’s subsidiary units.

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