KRYA's capital investment in PT Green City Traffic ("GCT")
PT Bangun Karya Perkasa Jaya Tbk. (KRYA) announced a strategic plan on August 8, 2025, to acquire a 51% stake in PT Green City Traffic (GCT), owner of the ECGO electric motorcycle brand. This Rp 10.42 billion transaction makes KRYA the majority shareholder, with the remaining shares held by Green City SG Pte. Ltd. and William Teng.
GCT, established in 2018, is known as one of Indonesia's leading electric vehicle manufacturers, with a local content content (TKDN) level of up to 56% and sales of over 10,000 units. ECGO has built an integrated EV ecosystem, encompassing design, production, rental, and battery exchange, and is a primary supplier for GOJEK and GRAB drivers.
KRYA emphasized that this acquisition aligns with its business transformation strategy to expand its portfolio, support the government's program to accelerate environmentally friendly vehicles, and create long-term added value. Going forward, in addition to electric motorcycles, the company will also develop electric three-wheeled and commercial vehicles, with a target of reaching 1 million electric motorcycle sales within five years.
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