V-GREEN, a company that builds electric vehicle (EV) charging stations, has signed agreements with four critical partners. Together, they plan to set up around 63,000 charging ports in Indonesia just for VinFast electric cars by the end of 2025. This is more than double the number they had planned earlier.
This new partnership shows V-GREEN’s strong commitment to growing the VinFast EV network in Southeast Asia. It also proves that the company is becoming more trusted and attractive to major players in the green transportation industry.
V-GREEN and its four partners — Chargecore, Chargepoint, Amarta Group, and CVS — will work together to build EV charging stations across Indonesia. They plan to invest 300 million USD in this project.
The charging stations will be set up in key areas like Jabodetabek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The project starts in May 2025, and the first charging stations will begin working in June.
In 2025, Chargecore plans to invest at least 30 million USD. The other partners — Chargepoint, Amarta Group, and CVS — will each invest about 5.3 million USD annually and help distribute the charging ports. V-GREEN will directly build 20% of the charging stations. The other 80% will be built through business partnerships.
Since coming to Indonesia, V-GREEN has used a business cooperation contract (BCC) model with well-known local companies. The company gives investors good deals, like a payment rate of 750 rupiah per kWh and a guaranteed return of up to 25% per year for the first three years.
These smart partnerships help V-GREEN grow its EV charging network quickly across Indonesia. They also show that the country’s green transportation sector has a lot of promise for the future.
Mr. Mai Truong Giang, Managing Director of V-GREEN Indonesia, said:
“Partnering with reputable companies in Indonesia marks a significant step in our global EV charging network strategy, especially as we respond to growing demand across Southeast Asia. With the support of our strategic partners, we are confident that V-GREEN and VinFast will successfully build a modern green mobility ecosystem that contributes to the region’s and the world’s sustainable development goals.”
Mr. John Yan, co-founder and CEO of Chargecore, shared: “We are excited to collaborate with V-GREEN, a company with a clear vision, strong commitment, and well-defined strategy for EV infrastructure development in Indonesia. This partnership delivers strong business results for Chargecore and supports the nation’s transition to electric vehicles and a more sustainable future.”
Mr. Daniel Nguyen, CEO of ChargePoint, stated: “We have strong confidence in the growth potential of electric vehicles in Indonesia — a promising market undergoing a remarkable transition toward greener transportation. As the official distributor of V-GREEN in Vietnam, Chargepoint is proud to continue supporting the expansion of VinFast’s electric mobility ecosystem across Southeast Asia, with Indonesia as our first clear demonstration of our long-term commitment and regional vision as a Vietnamese enterprise in the green transportation sector.”
Pham Nhat Vuong, the founder of VinFast, started v-GREEN. The company has become a leader in Vietnam by building around 150,000 EV charging ports nationwide. V-GREEN is still growing fast through partnerships and expanding into other countries.
In Indonesia, V-GREEN quickly gained support from both local and international partners. The company plans to build 50,000 charging stations and 63,000 charging ports nationwide in 2025. As a first step, starting in May, VinFast car owners can charge for free at 1,000 V-GREEN stations.
VinFast has released four electric car models in Indonesia: VF 3, VF 5, VF 6, and VF e34—all within just over a year of entering the market. As more people start using these cars, V-GREEN’s fast-growing charging network will help meet the rising demand, make things easier for drivers, and support global goals for a cleaner, greener planet.
About V-GREEN
V-GREEN is a global electric vehicle (EV) charging company started by billionaire Pham Nhat Vuong, who founded VinFast. The company is focused on building an extensive network of charging stations for VinFast electric cars, with over 150,000 charging ports planned across Vietnam.
V-GREEN is also working in Indonesia and plans to expand into other international markets where electric vehicles are growing in popularity.
V-GREEN’s mission is “For a Green Future for Everyone.” The company wants to become a world leader in clean energy by providing smart, easy-to-use, and flexible charging solutions for electric vehicles.
Read more- Maybank: Grab-Gojek Merger Faces Regulatory Hurdles in Singapore
