JAKARTA. PT VKTR Teknologi Mobilitas Tbk (VKTR) has signed a partnership with PT Pertamina Power Indonesia (PPI), a subsidiary of PT Pertamina (Persero).

Indah Permata Saugi, Head of Corporate Secretary of VKTR, said that the cooperation was the first step in a strategic partnership related to the development of Mobility as a Service facilities with PPI. It is known that PPI also runs a business in the fields of electricity and new renewable energy, including the development of the electric vehicle ecosystem.

"With the signing of the agreement, it is expected to have an impact on the potential for additional revenue and profit for the company in the future," said Saugi, in his official statement.

According to idnfinancials.com data, VKTR has a large amount of cash at the end of 2023, which amounted to IDR 735.9 billion. This is much different from the company's cash position in the previous year, which amounted to only IDR 70.89 billion.

According to idnfinancials.com data, VKTR's share price in today's trading closed up 3 points or 1.99% to the level of IDR 154 per share. Since the beginning of this year, the company's share price has increased by 34 points or 28.33%, while in the past year it has increased by 43 points or 38.74%. (KR/LM)