KUALA LUMPUR, Nov 1 (Bernama) -- Sersol Bhd has partnered with Thailand energy giant and EV motorbike specialist Takuni Group PCL to anchor business growth plans within Malaysia, Indonesia and Thailand. The joint-venture was inked in Bangkok announcing Sersol’s investment portfolio diversification to incorporate a Malaysian entity to handle manufacturing, marketing and distribution of EV motorbike batteries, EV batteries and charging platforms throughout the region. 
 
The Sersol-Takuni JV will set up a battery factory in Malaysia, harnessing energy storage and improving battery quality and efficiency as well as producing high quality charging platforms for EV motorcycles and e-scooters.
 
“We are absolutely excited about partnering with Takuni Group – an Energy giant in Thailand listed on Thailand’s Stock Exchange (SET), with a market capitalisation of 2.864bil THB. Together, we are upbeat about greening the motor scooter and motorcycle segments, with both currently being popular transportation modes across Southeast Asia,” said Datuk Wira Justin, Managing Director of Sersol Bhd.
 
 “We are meeting critical needs of the hour in the ongoing global energy and climate crisis. In merging our resources and capabilities, Sersol and Takuni’s competitive advantage is embodied in our ability to implement the collection of carbon credits. Additionally, we plan to offer leasing programmes for e-hailing bikes in these three markets,” he added.
 
The new joint venture company naturally extends Takuni Group’s strengths in providing comprehensive services, focusing on energy storage. In elevating usage of “green energy” for EV motorbikes and e-scooters, this partnership will contribute to accelerating the renewable energy transition mandate in several countries in Southeast Asia to achieve “Net Zero” carbon emissions by 2050.
 
“We expect the new joint-venture company to generate RM900 million sales across Malaysia, Indonesia and Thailand,” Datuk Wira Justin enthused.
 
In a report by Meticulous Market Research Pvt Ltd, the e-scooters market is expected to record a Compound Annual Growth Rate (CAGR) of 28.9% from 2022 to 2029 to reach $625.03 billion by 2029. Much of the growth potential stems from increasing investments by OEMs and ride-hailing companies spurred by favourable government policies and regulations and increasing subsidies for EVs.
 
Statista predicts the EV motorbike segment will grow at a CAGR of 10.2% to reach $102 billion US Dollars by 2030. 
 
“We plan to capture 10% of market growth garnered predicted in both segments in Malaysia, Thailand and Indonesia as drivers of growth stem from increasing usage of e-scooters & bikes in courier and e-commerce delivery applications, and decreasing battery prices offered to consumers,” Datuk Wira Justin confidently added.
 
Additionally, the growing number of investments by government authorities in the development of EV charging infrastructure has spiked growth predictions in this forecasted period.
 
“The JV Company will introduce battery SWAP charging stations, where users can quickly exchange batteries without waiting to recharge. This will accelerate the adoption of e-scooters and EV motorbikes in all three nations. Charging convenience will be a significant success factor for our business,” he anticipates.
 
Sersol’s principal business in coatings, thinners and industrial chemicals will also be leveraged in this new partnership to provide newly developed paints for the EVs.
 
Both companies’ diversification charter will take into account overall liquidity retention to ensure a sustainable future for their joint-venture company.

Images for the signing ceremony can be found in the link below:
https://we.tl/t-9QVzb0yvHP
 
TAKUNI GROUP PCL
Takuni Group Public Co. Ltd. engages in oil and gas trading and distribution business. It operates through the following segments: Liquid Petroleum Gas Trading, Gas Installation Equipment Trading, Transportation Services, Construction Services, Non-Destructive Testing (NDT) and Inspection Services, and Others. The Thailand-based Group has set a vision to run a fully integrated business using eco-friendly technology to seamlessly add value benefiting customers across all business segments. The company was founded on March 26, 2007 and is headquartered in Bangkok, Thailand.
 
SERSOL BERHAD
Headquartered in Johor, Malaysia, Sersol Berhad is a public limited company incorporated in late 2002. Listed on the Bursa Malaysia Securities Berhad since 2004, the investment holding company is venturing into several new industries, including aviation, electric vehicles, renewable energy, property development, health care, organic food and green technology.

Issued by: Twenty-Eight Degrees Sdn Bhd on behalf of Sersol Berhad.

Source: Twenty-Eight Degrees Bhd on behalf of Sersol Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Twenty-Eight Degrees Sdn Bhd 
Name: Jessie Ooi
Tel: +6019 566 8448
Email: jessie@twentyeightdegrees.com.my

--BERNAMA