Global EV charging station developer V-Green has signed Memoranda of Understanding (MOU) with four strategic partners to deploy around 63,000 charging ports exclusively for VinFast EV's in Indonesia.
V-Green, which is owned by Vietnamese-based EV manufacturer VinFast, says the charging ports are more than double the previously announced target and will be installed by the end of 2025.
It adds that the collaboration underscores its commitment to expanding the VinFast EV ecosystem across Southeast Asia.
Under the agreement, V-Green and its four partners - Chargecore, Chargepoint, Amarta Group and CVS - will jointly invest a total of US$300m to develop EV charging infrastructure throughout Indonesia, focusing on provinces such as Jabodatebek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan. The projects will launch in May 2025, with the first stations scheduled to go online in June.
In 2025, Chargecore plans to invest a minimum of US$30m, while Chargepoint, Amarta Group, and CVS have each committed to becoming charging ports distributors and investing approximately US$5.3m annually. V-Green will directly invest in 20% of the stations, while the remaining 80% will be implemented through business cooperation contracts (BCC).
Since its entry into the Indonesian market, V-Green has operated under the BCC model in partnership with leading reputable local businesses. The company is offering investors highly attractive terms, including a power purchase rate of 750 rupiah/kWh and a guaranteed annual return of up to 25% during the first three years. These strategic collaborations not only enable V-GREEN to rapidly scale its EV charging network across Indonesia, but also highlight the strong potential of the country’s green transportation sector.
Mai Truong Giang, MD 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.”
John Yan, co-founder and CEO of Chargecore, commented: “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 not only delivers strong business results for Chargecore, but also supports the nation’s transition to electric vehicles and a more sustainable future.”
Daniel Nguyen, CEO of Chargepoint, stated: "We have strong confidence in the growth potential of electric vehicles in Indonesia — a promising market that is 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 destination. This marks a clear demonstration of our long-term commitment and regional vision as a Vietnamese enterprise in the green transportation sector."
Established by VinFast’s founder Pham Nhat Vuong, V-Green has built a leading position in Vietnam, operating roughly 150,000 charging ports nationwide. The company is growing its network through partnerships and is actively expanding into international markets.
Currently, VinFast has launched four electric car models — VF 3, VF 5, VF 6, and VF e34 — just over a year after entering Indonesia.