Bakrie-linked Issuer Targets Rp2 Trillion Funding from Danantara
PT VKTR Teknologi Mobilitas Tbk (VKTR) plans to collaborate with the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) and PT Bakrie & Brothers Tbk (BNBR) to obtain funding with an indicative value of up to Rp2 trillion.
According to information disclosures from the Indonesia Stock Exchange (IDX), the plan is outlined in the signing of an indicative non-binding term sheet between the company, PT Danantara Investment Management (DIM) as the investor, and PT Bakrie & Brothers Tbk (BNBR) as the guarantor.
The signing of this Term Sheet is part of the initial exploration and discussion process regarding potential funding cooperation to support the development and expansion of the company’s business activities, particularly in the field of mobility-as-a-service (MaaS).
The planned funding will include a conversion option. However, details regarding the funding structure, including conversion terms and other requirements, will be further determined in the definitive documents to be agreed upon by the parties.
The planned use of funds aligns with VKTR’s business, which involves the wholesale trade of battery-based electric motor vehicles, maintenance services, and the trade of components, spare parts, and vehicle accessories.
Through its subsidiaries, the company also operates in the battery-based electric motor vehicle assembly industry, iron and steel casting, as well as the industry for spare parts and accessories for four-wheeled or larger motor vehicles.
“Therefore, once the definitive documents have been signed and create binding rights and obligations for the parties, the Company will follow and comply with the provisions regarding affiliated transactions,” management stated on Wednesday (2/9/2026).
Management emphasised that the plan will have no material negative impact on the company’s operational, legal, financial condition, or business continuity.
“The implementation of this term sheet is expected to be a strategic step that has the potential to provide a positive impact on the revenue growth of the Company and its subsidiaries in the future,” management concluded.