JAKARTA – PT MCash Integrasi Tbk (MCAS), a parent entity of the manufacturer of Volta electric motorcycle, is targeting EBITDA to grow double-digit until the end of 2024.

In term of financial performance, until Q1 2024, MCAS indeed scored a surge of EBITDA of up to 34% year-on-year (yoy) to IDR 40.7 billion, while its operating profit soared 29% yoy to IDR 16.2 billion.

“This is the kind of performance we wish to maintain until the end of the year,” said Stanley Tjiandra, Director of MCAS, who has been officially promoted to the board of directors during the Extraordinary General Meeting of Shareholders (EGMS) today (19/6).

This year, MCAS will boost its performance by focusing on three of its business lines: clean energy, through its Volta Electric Vehicle (EV) ecosystem; Software-as-a-Service (SaaS) and IT solution; as well as cloud-based digital advertising.

Until Q1 2024, Volta sales nearly arrived at 2000 units. “2024 sales target is 18 thousand units,” said Tjiandra.

According to 2024 Annual Public Expose today (19/6), the target of Volta population in 2024 is set to 34 thousand units, which will be supported by 458 battery-swap stations until the end of 2024.

It is worth mentioning that until March 2024, MCASH has launched Semolis ecosystem in Surabaya. “After Surabaya has been successful, we will branch out to Bali. Then, it will continue to other cities,” said Mohammad Anis Yunianto, Director of MCAS.

In addition to EV, MCASH also projects digital distribution points to rise to 410 thousand points, as well as digital advertising services to 31 thousand points in 2024.

"We are very optimistic, especially in the second half; there are so many targets that we can expect,” said Tjiandra. MCAS is known to have a pipeline for its Saas and IT solution, as well as Volta business lines.

Of many companies, MCAS is reportedly working on partnerships in said segment, particularly with renowned banks in Indonesia.

“We will boost penetration in banking segment, as the potential in this segment is huge, but it seems like we have yet to tap into this optimally,” added Tjiandra. (ZH)