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Indonesia-based Indika Energy Invests in Shift4Good

Shift4Good, a Singapore and Paris based independent Venture Capital impact fund dedicated to sustainable mobility, has just announced a strategic investment in the company by PT Indika Energy Tbk. Indika Energy is an Indonesia's leading investment holding company with a diversified business portfolio.

Shift4Good, a Singapore and Paris based independent Venture Capital impact fund dedicated to sustainable mobility has just announced a strategic investment in the company by PT Indika Energy Tbk. Indika Energy is an Indonesia’s leading investment holding company with a diversified business portfolio.

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Through this investment, Indika Energy joins an esteemed group of global investors in Shift4Good, alongside prominent companies such as Renault, ComfortDelGro, Capricorn, Motul, as well as disLnguished financial insLtuLons including the European Investment Fund, BNP Paribas, BPI France, Fimalac and Credit Mutuel Arkea.

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This partnership will support Shift4Good’s investment strategy in Indonesia while offering Indika Energy with not only a unique access to internaLonal deal flow, but also cutting-edge technologies, and mobility sector experts. Joining Shift4Good as an LP will open avenues for collaborative projects and innovations, especially in areas like electric vehicle infrastructure, renewable energy integration in transport, and energy-efficient technologies.

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Vice President Director and Group CEO of Indika Energy, Azis Armand states, “Shift4Good, focusing on sustainable mobility startups, aligns with Indika Energy’s commitment to a low-carbon future. We look forward to conLnuously innovaLng and providing a comprehensive EV ecosystem in Indonesia. Together with Shift4Good, we can significantly and quickly transform the EV industry in order to achieve our net-zero emissions objecLves by 2050.”

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Shift4Good’s Co-Founder and Managing Partner, Sebastien Guillaud, added: “Indika Energy joining our fund as a Limited Partner is really exciLng for us. With Indonesia’s edge in the bagery supply chain, a domesLc market of 280 million people, and supporLve government policies, Indonesia is well placed to become an EV global powerhouse soon. We believe Indika Energy is the ideal player to lead in Indonesia’s EV sector; we are really looking forward to collaboraLng with Indika Energy’s innovaLon and strategy teams to invest in and accelerate the decarbonizaLon of the transportaLon sector in the world’s fourth most populous country.”

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About Shift4Good

Founded in 2021, Shift4Good is an impact venture capital fund. It aims to decarbonise the transport sector for goods and people, which alone accounts for around 20% of global CO2 emissions.

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About Indika Energy

Founded in 2008, PT Indika Energy Tbk. (Indika Energy) is Indonesia’s leading diversified investment company with key focus on developing new sustainable businesses through its strategic investments in the areas of Energy.

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