V-Green, the global electric vehicle charging network developer backed by VinFast founder Pham Nhat Vuong, said it will deploy more than 60,000 charging ports across Indonesia by the end of 2025 as part of a $300 million investment to bolster the country’s green mobility infrastructure.
The initiative, more than doubling V-Green’s earlier deployment target, will be carried out through newly signed partnerships with Chargecore, Chargepoint, Amarta Group, and CVS. The rollout will focus on key regions including Jabodetabek, Bandung, Surabaya, Makassar, Medan, Batam, Bali, and Kalimantan.
The first infrastructure projects are scheduled to begin in May 2025, with initial charging stations expected to go online the following month. Chargecore is committing at least $30 million to the project in 2025, while the other three partners will contribute approximately $5.3 million each year. V-Green will directly invest in 20% of the sites, with the remainder implemented through business cooperation contracts (BCCs), a model already in use by the company in the Indonesian market.
“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,” said Mai Truong Giang, Managing Director of V-Green Indonesia.
The rollout will support the expansion of the VinFast brand in the region. The Vietnamese automaker has launched four electric vehicle models in Indonesia—VF 3, VF 5, VF 6, and VF e34—since its market entry in 2023. V-Green has also committed to offering free charging at 1,000 of its Indonesian stations starting May 2025, exclusively for VinFast users.
V-Green is offering a 25% annual return during the first three years to investors, along with a power purchase rate of 750 rupiah ($0.047) per kWh. The terms have attracted significant interest from both local and international investors, underscoring Indonesia’s growing status as a green transportation hub in Southeast Asia.