Santomo Group, through its investment in the Battery as a Service (BaaS) joint venture Green Power Management Pte. Ltd. (Head Office: Singapore, President: Tomoichi Yamaguchi, hereinafter “GPM”), has implemented a third-party allotment of shares to further expand business scale and enhance functionality.
This capital increase was subscribed by the QR No.2 Fund Investment Business Limited Partnership, managed by QR Investment Co., Ltd. (President: Fumio Hamano), a subsidiary of Hokkoku Financial Holdings, Inc. (President: Shuji Tsuemura). Going forward, the business will be jointly promoted by five companies: Santomo Resources Pte. Ltd., QR Investment Co., Ltd., Toho Gas Co., Ltd., Nix New Energy Co., Ltd., and Meiwa Sangyo Co., Ltd.
GPM’s Indonesian subsidiary, PT Santomo Green Power Management (Head Office: Jakarta, President: Shuntaro Yamaguchi, hereinafter “SGPM”), is currently engaged in the sales and rental of electric motorcycles, as well as battery-swapping services for electric motorcycles in Makassar, Sulawesi. With approximately 130 million motorcycles in Indonesia, the country holds significant electrification potential, and SGPM is considering further expansion of its business scale. SGPM is now preparing to establish a base in Surabaya, marking the first step in its area expansion.
In addition, SGPM is conducting a demonstration project in collaboration with Hasanuddin University, a national university in Sulawesi, to supply renewable energy-derived electricity from small-scale solar power generation to battery charging infrastructure, thereby expanding its functional capabilities.
Through this capital increase, Santomo Group will further contribute to electrification and decarbonization in Southeast Asia.
Contact Information
Santomo Resources Corporation
info@san-tomo.com
TEL: +81-3-6775-9226 (Contact: Yamaguchi)