Volta Indonesia on LinkedIn: Celebrating Ramadan, Volta and the Online Motorcycle Taxi Drivers… (2024)

Volta, MCASH Group, Showcases its Latest Electric Motorcycle Prototype 'Volta Cyrus' at the Indonesia International Motor Show (IIMS) 2024Volta, a subsidiary of PT NFC Indonesia Tbk (IDX: NFCX) under the MCASH Group, showcased its latest electric motorcycle prototype, 'Volta Cyrus,' at the Indonesia International Motor Show (IIMS) 2024 in Jakarta. This unveiling represents Volta's commitment to driving technological advancements and sustainable mobility solutions. 'Volta Cyrus' blends retro aesthetics with modern innovation, offering visitors a unique riding experience.Designed with the Millennial generation in mind, 'Volta Cyrus' features an LCD Digital Speedometer, Keyless Ignition System, LED Lamp, and USB Charging Port, catering to contemporary needs. Equipped with a 64V 21Ah LiFePO4 battery with dual battery slots, the motorcycle can reach speeds of up to 60 km/h and a maximum range of 120 km, with a load capacity of up to 190 kg. Its Brushless Direct Current (BLDC) features ensure reliability and durability in various conditions.Okie Octavia Kurniawan, CEO of the Volta Group, emphasized that 'Volta Cyrus' signifies a significant step toward sustainable mobility, offering a glimpse into an environmentally friendly future. Volta invites visitors to experience the excellence of 'Volta Cyrus' firsthand at the IIMS 2024.Volta's presence at IIMS 2024 offers visitors the opportunity to explore technological advancements and participate in various promotional programs, including the Volta XXX program and Double Battery Double Power promo, aimed at encouraging environmentally friendly mobility solutions.

4

Volta, MCASH Group, Presents Classy Innovations on the Stage of IIMS 2024Volta, MCASH Group, a subsidiary of PT NFC Indonesia Tbk, showcased innovative offerings at the Indonesia International Motor Show (IIMS) 2024. The event, running from February 15-25, 2024, features Volta's electric motor vehicles at Hall B3, Booth E15. Among the attractions are prototype presentations of new electric motorcycle variants, test rides, and interactive experiences like a 360 Photo Booth and a Volta x Tokai x Denso Freezer offering free ice cream. Volta also provides various promotions, including cashback vouchers and merchandise.Additionally, Volta presents affordable motorcycle ownership programs with installment plans and discounts on government incentives for electric vehicles. The company emphasizes performance, style, and technology in its electric motorcycles, catering to modern riders' needs.The IIMS 2024 opening, attended by dignitaries including President Joko Widodo and several ministers, underscores the event's significance as a platform for showcasing automotive innovations and trends.Okie Octavia Kurniawan, CEO of Volta Group, expressed the company's commitment to environmentally friendly automotive technology and aims to create memorable experiences for IIMS visitors.IIMS, with the tagline "Your Infinite Autotainment," goes beyond a typical vehicle exhibition, offering a blend of automotive showcases, music stages, and engaging programs, expecting over 470,000 visitors and featuring over 180 leading brands.

3

Bluebird Drivers Can Now Easily Buy Volta Motorcycles With Hassle-Free Installment Options from BRI FinanceBluebird, BRI Finance, and Volta, a subsidiary of PT NFC Indonesia Tbk (IDX: NFCX), MCASH Group, announced a strategic partnership through an electric motorcycle ownership program for Bluebird drivers. This partnership supports the value of sustainability and aims to encourage environmentally friendly behaviors among drivers. The announcement ceremony was held at the Bluebird headquarters in Mampang, South Jakarta on February 2, 2024, and attended by Adrianto Djokosoetono - CEO of PT Blue Bird Tbk, Okie Octavia Kurniawan - CEO of Volta Group, and Primartono Gunawan - Business Director of BRI Finance.Through this program, Bluebird drivers and employees have the opportunity to purchase Volta electric motorcycles starting from Rp9.95 million with easy installments for up to 24 months through BRI Finance. This allows them to save on initial ownership costs and reduce concerns of excessive financial burdens. The financing provided by BRI Finance for the purchase of electric motorcycles is part of their Green Financing concept aimed at supporting public access to environmentally friendly vehicles, thereby contributing to the Government's efforts to support Net Zero Emissions by 2060.According to Adrianto Djokosoetono, this collaboration is part of Bluebird's Sustainability Vision to create a better future through its BlueLife and BlueSky pillars. "Bluebird is committed to the environment and social welfare. After adopting electric taxis in 2019, we strengthen our commitment to creating a blue sky by encouraging drivers to contribute to the environment by using electric motorcycles as transportation from home to work or vice versa. To do this, we have collaborated with strategic partners who offer quality products and easy financing options. Through this program, we are promoting both our BlueLife and BlueSky pillars."BRI Finance's involvement in providing financing plans for electric vehicles with a focus on sustainability strengthens the shared commitment of all 3 parties to creating a positive impact on the environment. "BRI Finance is committed to supporting sustainable programs, including this electric motorcycle ownership program with the concept of Green Financing. We believe that innovative steps like this will bring positive changes in the transportation industry, creating a cleaner and more sustainable environment," said Primartono Gunawan.Meanwhile, on the same occasion, Okie Octavia Kurniawan stated, "The Volta electric motorcycle ownership program, a clean energy initiative developed by MCASH Group, is our tangible step to transform transportation, providing access and opportunities for everyone to own environmentally friendly vehicles. Together with Volta and Bluebird, we are opening the door to sustainable mobility and bringing about positive change to individuals, the industry, and our planet. Let's drive electric!"

1

Gentari and MCASH Group Drive to Boost Green Mobility Usage in IndonesiaJakarta, 27 December 2023 – PT Energi Selalu Baru (ESB) and PT Semolis Teknologi Indonesia (STI), both subsidiaries of PT NFC Indonesia Tbk (IDX: NFCX), PT M Cash Integrasi Tbk (IDX: MCAS) group (MCASH Group), have agreed to collaborate with Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari) through its wholly-owned subsidiary, Gentari Green Mobility Sdn Bhd. The companies will work together to support the growing EV ecosystem in Indonesia.The collaboration will see Gentari acquiring a fleet of Volta EV motorcycles and ESB’s battery-swapping (SGB) stations. Volta EV motorcycles operate entirely on electric power and are supported by cutting-edge Internet of Things (IoT) technology and a fast-growing network of SGBs. The EVs and SGBs will be co-branded and operated by ESB and STI on Gentari’s behalf, to provide Indonesian motorcyclists with a cost-effective EV ecosystem. The collaboration between MCASH Group and Gentari is expected to provide customers with a low carbon emissions transport solution, when compared to conventional fuel-powered vehicles, thereby supporting environmentally-friendly operations across Jakarta.Through this collaboration, Gentari will leverage MCASH Group’s comprehensive infrastructure to provide green mobility solutions throughout Indonesia. This is in line with Gentari’s 2030 ambitions to capture over 10% share of the public charging points and Vehicle-as-a-Service market across key countries in Asia Pacific. MCASH Group has already successfully sold over 15,000 Volta motorcycles, deployed close to 300 battery swapping stations, and conducted 3.7 million battery swaps.Suryandy Jahja, Managing Director of MCASH, stated, “With around 125 million ICE motorcycles in Indonesia, we believe that EV motorcycles have huge potential to grow especially through the recent support from the government to switch to clean energy. MCASH Group’s clean energy division is progressively increasing at a rapid rate and Gentari’s strong position with numerous partners and continuing innovation can help us propel even further.”

3

Volta, MCASH Group, Introduces the Mandala Electric Motorcycle in Elegant Colors, Supporting an Environmentally Friendly LifestyleJakarta, 4 December 2023 - Volta, a subsidiary of PT NFC Indonesia Tbk (IDX: NFCX), MCASH Group, unveils new colors for the Mandala electric motorcycle, adding an elegant touch. The aim is not only to provide an environmentally friendly riding experience but also to encourage the community to more confidently embrace a sustainable lifestyle.Previously, the Mandala had released eye-catching color variants, including Royal Yellow, Vintage White, and Red Candy, offering diverse and attractive choices for customers. However, as an innovative step to continuously meet evolving customer preferences, the Mandala now introduces two new colors: Sparkling Olive and Metallic Frost. These colors not only bring a fresh and elegant vibe but also add a modern touch and a unique sense of style to the Mandala electric motorcycle. With the addition of these color variants, Mandala not only becomes an eco-friendly choice for commuting but also provides an exclusive aesthetic experience for users prioritizing style in their mobility.Users can also increase the battery capacity by maximizing additional battery slots according to their needs, extending the range up to 180 km. With over 300 SGB points across Indonesia, users can easily exchange additional batteries, while information about the extra battery usage can be monitored through the dual battery display located on the speedometer.After subsidies, the Mandala is now offered at a price of 11.95 million Indonesian Rupiah, on the road (OTR) in Jakarta. Volta is also currently providing a special offer for purchases through their website https://lnkd.in/geA74Mr2 with a discount of 250 thousand Rupiah. This is a rare opportunity to acquire the Mandala at an even more affordable price.Volta collaborates with various leading financing partners such as Adira, MUF, or credit card purchases, providing easy installment options to customers. Volta believes that with this offer, more people can experience the benefits of using electric motorcycles.With the launch of this new Volta Mandala, Volta hopes to motivate more people to switch to electric motorcycles, making a positive contribution to the environment and a sustainable future. With a combination of innovative design, affordable prices, and government support, Volta Mandala aims to be the top choice in the electric vehicle world.Iwan Suryaputra, Director of Volta, said, "With the Mandala, we are not only launching an electric vehicle with new elegant colors but also opening the door for the community to experience an eco-friendly lifestyle revolution. Volta not only offers innovative technology and design but is also committed to providing a durable and sustainable driving experience. Together, we create positive change towards a greener and sustainable future."

4

Twin Towers Ventures and Rigel Capital, Unite in Backing Decarbonization Efforts of Electric Mobility Provider, VOLTA, PT Energi Selalu Baru, MCASH GroupTwin Towers Ventures (TTV) and Rigel Capital have joined forces to support the decarbonization efforts of the Indonesian electric mobility provider, VOLTA, under its parent company PT Energi Selalu Baru (ESB), a subsidiary of PT NFC Indonesia Tbk (MCASH Group). This strategic investment represents a significant milestone in the clean energy industry, aiming to enhance electric motorcycle and infrastructure development in Indonesia.ESB, part of MCASH Group, has gained recognition in the electric mobility sector with its "Volta" electric motorcycle brand and battery swapping stations. Notable achievements include partnerships with AstraZeneca, motorcycle rental services through NFCX's subsidiary "Semolis," and over 3 million battery swap transactions. Volta's motorcycles have traveled over 212 million km, reducing carbon emissions by more than 20,000 tons. ESB's commitment aligns with the Indonesian government's efforts to reduce carbon footprints and improve quality of life.The investment round, led by Rigel and TTV, will support ESB's mission. Rigel specializes in fostering tech companies' growth in Southeast Asia and India, while TTV invests in energy transition and mobility tech across multiple regions. Their financial strength and expertise will propel ESB as electric mobility gains traction in Indonesia.ESB's vision extends beyond electric motorcycles, encompassing technological solutions, battery-swapping infrastructure, and a robust digital platform. MCASH group's extensive subsidiary network will aid ESB's expansion throughout Indonesia.Fariz Ali, CEO and Managing Partner of TTV, expressed excitement about the partnership and its potential to transform the electric motorcycle industry in Indonesia. Abraham Theofilus, President Director of NFC Indonesia Tbk, highlighted the investment's importance in expanding ESB's infrastructure and technology, positioning them at the forefront of the electric mobility transformation.

4

AstraZeneca and Volta, MCASH Group, Ignite Transformation: Spearheading Healthcare Decarbonization Through Electrifying Mobility for a Healthier Tomorrow.AstraZeneca has teamed up with Volta, MCASH Group, and the Coordinating Ministry for Maritime Affairs to launch a sustainability initiative in Indonesia. The project involves converting up to 500 gasoline-powered motorcycles and cars into electric vehicles, marking a significant step toward achieving AstraZeneca's Zero Carbon Ambition. The initiative aims to reduce up to 900 metric tons of carbon emissions from AstraZeneca's operational vehicles and support Indonesia's efforts to cut greenhouse gas emissions in the transportation sector, a key contributor to emissions. The transition is part of Indonesia's goal to reach net-zero emissions by 2060. A Memorandum of Understanding (MoU) was signed between AstraZeneca, Volta, and Arthaasia Finance to mark this milestone. The transition will take place gradually until the end of 2024, starting with 214 electric motorcycles and 100 electric cars. AstraZeneca's commitment extends beyond this initiative, with sustainability efforts like tree planting and the establishment of green offices to promote digitization for a more environmentally friendly work environment.

4

Volta, MCAS Group, Intensifies the Promotion and Socialization of Subsidized Electric Motorcycle Program by Participating in the 'Mandiri Pakai Molis' EventVolta, a member of the PT M Cash Integrasi Tbk (IDX: MCAS) group, and also a subsidiary of PT NFC Indonesia Tbk (IDX: NFCX), participated in the 'Mandiri Pakai Molis' Event organized by Bank Mandiri and its subsidiary, Mandiri Utama Finance (MUF), which focuses on providing vehicle financing for motorcycles and cars. Volta and MUF collaborated to offer attractive deals on various electric motorcycle products with subsidy programs.Taking place from September 18 - 21, 2023 at Menara Mandiri, this event featured an exhibition of electric motorcycles and the opportunity to test ride them. It also presented financing options through Mandiri Motor Vehicle Credit (KKB), a collaboration with Mandiri Utama Finance. Exciting promotions are available, especially for individual customers or debtors of Bank Mandiri who are interested in Volta electric motorcycles. These promotions include a IDR 250,000 discount on the down payment, monthly instalments starting from IDR 200,000, a chance to win E-Travel tiket.com vouchers worth IDR 200,000, free E-Money worth IDR 100,000, and the opportunity to win a 24-hour Emergency Service prize. For additional details regarding these promotions, interested individuals can visit https://lnkd.in/g2DjP4Rd.These appealing promotions are designed to encourage more visitors to consider the transition to electric vehicles, ultimately contributing to enhanced environmental quality and reduced carbon emissions.Volta views the 'Mandiri Pakai Molis' Event as a valuable opportunity to extend the reach of subsidized electric motorcycles to a broader audience. Recognizing the pivotal role of awareness campaigns in educating the public about the advantages of electric vehicles and their positive environmental impact, Volta is actively engaged in providing information and opportunities for visitors to explore and potentially acquire subsidized Volta electric motorcycles during this event.To further enhance accessibility and ownership of subsidized Volta electric motorcycles, Volta offers a range of affordable payment options, including credit schemes facilitated through Mandiri Utama Finance, which ensures quick and hassle-free approval. Iwan Suryaputra, Director of Volta, stated, "Volta welcomes the presence of and extends offers to Bank Mandiri customers and employees attending the 'Mandiri Pakai Molis' Event to learn about our products, particularly the subsidized electric motorcycle program. This event holds significant importance for Volta serving as a collaborative moment where we can interact directly with customers, explain the benefits and advantages of electric vehicles, and provide detailed information about our subsidized electric motorcycle program."

2

Volta, MCAS Group, Successfully Enlivens the BCA Expo 2023 by Presenting Subsidized Electric Motorcycle ProgramIn an ongoing effort to promote wider adoption of electric vehicles in society, Volta, a member of the PT M Cash Integrasi Tbk group (IDX: MCAS) and a subsidiary of PT NFC Indonesia Tbk (IDX: NFCX), successfully made a significant impact at the BCA Expo 2023 event by introducing and promoting its range of superior electric motorcycle products, along with various subsidized electric motorcycle programs. Volta's participation in BCA Expo 2023 represents a collaborative effort between BCA and Volta, offering visitors the opportunity to experience and explore the advanced features of Volta’s electric motorcycles before making a purchase decision. Additionally, during this event, customers also had the chance to enjoy promotions and special interest rates from BCA for Motorcycle Loans (KSM), including loans for Volta electric motorcycles. "We hope that the BCA Expo 2023 provides an opportunity for our loyal customers and the general public to realize their dreams of home ownership, acquire their desired vehicles, and meet various other needs through the array of outstanding interest rate programs we offer. Therefore, we invite all our loyal customers and the public to visit the BCA Expo 2023, which we are conducting both offline and online," said Director of BCA, Haryanto T. Budiman. Not solely focused on sales, BCA Expo 2023 serves as an ideal platform for Volta to engage with its customers, many of whom are also BCA customers. During this event, a significant number of customers showed interest in the new regulations regarding the electric motorcycle subsidy program, announced by the Indonesian government last August (29/08). This interest is reflected in the high number of subsidized Volta electric motorcycle orders placed during BCA Expo 2023. Volta showcased its premium products, namely the 401, Virgo, and Mandala, all of which have a domestic component level (TKDN) exceeding 40% and qualify as subsidized electric motorcycles. Visitors received education about the advantages and benefits of electric vehicles, including their economic value and positive environmental impact, as well as their contribution to reducing carbon emissions. Iwan Suryaputra, Director of Volta, stated, "Volta's presence at BCA Expo 2023 is more than just a product exhibition. We also view this event as a platform for socialization and effective information dissemination, particularly regarding the recent government regulations on subsidized electric vehicles. Through this event, Volta, as a company committed to continuous innovation and the introduction of eco-friendly electric vehicles, aims to increase public interest in adopting electric vehicles for their daily mobility needs. Furthermore, with the support of BCA at this event, visitors are provided with various payment options for electric motorcycles, both in cash and through BCA installments."

2