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NEFIN Group, one of Asia's leading green power producers, has reportedly signed an MOU (Memorandum of Understanding) with Oyika Pte Ltd., an e-mobility start-up that provides battery swap and infrastructure for charging.
The partnership is expected to drive electric vehicle adoption in Southeast Asian regions like Cambodia, Thailand, Singapore, Malaysia, and Indonesia.
Founded in 2018, Oyika is committed to reducing the barriers to the adoption of Electric Vehicles in Southeast Asia. Adhering to that commitment, it offers affordable power subscription plans ranging from pay-per-use to weekly, and monthly subscription plans.
This addresses various gasoline to electric transition pain points, like battery degradation, range anxiety, charging times, uncertain commitment to an e-motorbike, and capital expense. Apart from powering vehicles, Oyika batteries can also be used to light up homes, present in off-grid communities, thereby offering a more efficient alternative to traditional solar home systems.
Jinsi Lee, CEO, Oyika added that it is thrilled to partner and tap into the infrastructure and green energy technology to deliver more centers to swap batteries and charging stations in that area.
In a short span of eight years, NEFIN’s global portfolio stands at 3,400MW of commercial, utility-scale, and industrial rooftop solar systems and other renewable energy projects. It is a one-stop turnkey provider to Fortune 500 clients and MNCs, and it streamlines the process of going green.
Mr. Glenn Lim, CEO, NEFIN Group, added that signing this MOU enables NEFIN to expand its business reach to e-mobility. Together with Oyika, it will first target the delivery market and the B2B logistics. Later, it will venture into the wider B2C motorbike market.
Popular E-motorbike brands that are affiliated with Oyika are Gesits, Yadea, Niu, and TailG. Oyika's backend management system and mobile application convert these two-wheelers into smart bikes. Besides, each petrol-run motorbike on the road that is replaced by an e-motorbike saves around one tonne of carbon dioxide in a year. This leads to the adoption of e-motorbikes the fastest means of reducing vehicular emissions in Southeast Asia.
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