VKTR

What VKTR does

PT VKTR Teknologi Mobilitas Tbk (IDX: VKTR) is an Indonesian manufacturer and developer of battery-electric commercial vehicles, headquartered in Jakarta with a CKD assembly facility in Magelang, Central Java (PT VKTR Sakti Industries, a joint venture with Karoseri Tri Sakti, designed for 3,000 units/year). The company offers a portfolio of four electric bus models (TIDAR 12m high-floor, CARSTENZ 12m low-floor, ARJUNO 8m high-floor, IJEN 8m low-floor), six truck variants (heavy-duty MUSI/PROGO, light-duty OMBILIN/INDRAGIRI, tractor heads KAPUAS/SAMBAS), a transporter van (LOKON), and industrial vehicles (forklift, loader, dump truck MAMBERAMO). Core technology is based on BYD Auto platforms, with VKTR holding exclusive BYD bus distribution rights in Indonesia and possessing 14 joint patents with Politeknik Elektronika Negeri Surabaya (PENS) covering axial-flux motors, electric apron bus sensor systems, and AI-enabled smart fleet management.

VKTR generates revenue primarily through unit sales of electric commercial vehicles and spare parts (FY2024 spare-parts revenue of IDR 1.003 trillion; total FY2025 net sales of IDR 1.089 trillion), supplemented by an emerging Mobility-as-a-Service subscription stream via the Pertamina NRE e-MaaS joint venture. Customers are predominantly government and SOE buyers — TransJakarta is the anchor end-customer served through fleet operators Sinarjaya, Mayasari Bakti, and DAMRI (152 total units) — with private-sector expansion into mining (PT Adaro), pulp and paper (PT RAPP, 18 buses), airport ground services (PT Gapura Angkasa at Soekarno-Hatta), and construction (PT Braja Mukti Cakra). The company is the only Indonesian producer achieving TKDN certification exceeding 40% for CKD electric buses, giving it structural access to government electrification procurement. It is majority-owned by PT Bakrie & Brothers Tbk (45.55%) and listed on the Indonesia Stock Exchange since June 2023, with an IDR 250 billion credit facility from BCA supporting manufacturing expansion.

Name

VKTR

Legal name

PT VKTR Teknologi Mobilitas Tbk

Website

https://vktr.id

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT VKTR Teknologi Mobilitas Tbk is an Indonesian manufacturer of battery-electric commercial vehicles — buses, trucks, and industrial vehicles — assembled locally via a CKD joint-venture plant, primarily serving government (TransJakarta, DAMRI) and enterprise (mining, plantations, airports) customers with BYD-based technology.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles

NAICS

Motor Vehicle Manufacturing (3361), Heavy Duty Truck Manufacturing (336120), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Transportation Equipment Manufacturing (336)

SIC

Motors & Generators (3621), Industrial Trucks, Tractors, Trailors & Stackers (3537), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Electric Bus (Battery-Electric) Manufacturing (IMACADAE)

akta.pro secondary industries

EV Retrofit & Electrification Conversions (Fleet/Commercial) (TLAKAMAK), Airport Ground Support Equipment (GSE) Vehicle Manufacturing (IMACAFAK), Battery & EV/Hybrid Preventive Maintenance (Battery Health/High-Voltage Inspection) (TLAKAGAJ), EV & Hybrid Battery Service, Diagnostics & Reconditioning (TLAKAMAA)

Keywords

• Electric commercial vehicles
• Electric bus manufacturing
• Electric truck assembly
• Commercial fleet electrification
• CKD vehicle production

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Electric Vehicle Sales: Sale of electric buses, trucks, and other commercial EVs including CKD-assembled and CBU imported units (primarily BYD-based products) to government and corporate customers.
2. Spare Parts Manufacturing: Manufacturing and sale of commercial vehicle spare parts and components, including those for electric vehicles. Generated IDR 1.062 trillion in 2023, IDR 1.003 trillion in 2024.
3. Mobility-as-a-Service (MaaS): Vehicle leasing and rental services enabling customers to shift from CAPEX to OPEX models. VKTR and Pertamina NRE plan to establish a joint venture offering electric vehicles with rental or cost-per-kilometer pricing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

VKTR (PT VKTR Teknologi Mobilitas Tbk) manufactures and assembles battery-electric commercial vehicles in Indonesia, including electric buses, trucks, transporters, forklifts, loaders, and dump trucks. The company operates Indonesia's first CKD (Completely Knocked Down) commercial EV assembly facility in Magelang, Central Java, with up to 3,000 units/year capacity, and serves as the exclusive distributor of BYD electric buses in Indonesia. Its product portfolio is built around BYD technology platforms with local assembly and proprietary smart fleet management technology.

Product overview

VKTR (PT VKTR Teknologi Mobilitas Tbk) is an Indonesian electric vehicle company specializing in commercial heavy mobility. The company offers a comprehensive portfolio of electric vehicles including four bus models (TIDAR, CARSTENZ, ARJUNO, IJEN), one transporter van (LOKON), six truck variants (MUSI, PROGO, OMBILIN, INDRAGIRI, KAPUAS, SAMBAS), and three industrial vehicles (Electric Forklift, Electric Loader, MAMBERAMO Dump Truck). VKTR operates through a CKD (Completely Knocked Down) assembly facility in Magelang, Central Java, producing vehicles with over 40% local content (TKDN). The company also holds 14 patents related to electric vehicle technology including smart fleet management, axial flux motors, and electric apron bus systems.

Differentiator

Problem solved

Functional benefit

Products and services

• TIDAR (Electric 12 Meters Bus High Floor) 12-meter high-floor electric bus delivering zero-emission mobility for intercity travel, rural routes, and dedicated transit corridors with elevated floor design for durability and passenger comfort.
• CARSTENZ (Electric 12 Meters Bus Low Floor) 12-meter low-floor electric bus with accessible architecture for seamless boarding and alighting, enhancing accessibility for elderly passengers, people with disabilities, and wheelchair users.
• ARJUNO (Electric 8 Meters Bus High Floor) 8-meter high-floor electric bus suitable for intercity routes, feeder services, and rural operations with compact size for medium-capacity passenger demand.
• IJEN (Electric 8 Meters Bus Low Floor) Compact 8-meter low-floor electric bus with zero-emission design for urban routes, community shuttles, and short-distance commuting with easy boarding and alighting.
• LOKON (Electric Transporter) Electric transporter van for various commercial transportation needs.
• MUSI (Electric Heavy-Duty Truck 6x4 Long Wheelbase) Heavy-duty electric truck with 6x4 long wheelbase configuration for demanding commercial transport operations.
• PROGO (Electric Heavy-Duty Truck 6x4 Short Wheelbase) Heavy-duty electric truck with 6x4 short wheelbase for commercial transport operations.
• OMBILIN (Electric Light-Duty Truck 4x2 Medium Wheelbase) Light-duty electric truck with 4x2 medium wheelbase for commercial delivery and logistics operations.
• INDRAGIRI (Electric Light-Duty Truck 4x2 Short Wheelbase) Light-duty electric truck with 4x2 short wheelbase for urban and regional logistics.
• KAPUAS (Electric Tractor Head 6x4 Off-Road) Electric tractor head with 6x4 off-road configuration for challenging terrain operations.
• SAMBAS (Electric Tractor Head 6x4 On-Road) Electric tractor head with 6x4 on-road configuration for highway transport operations.
• Electric Forklift Electric forklift for warehouse and industrial material handling with zero emissions and lower operational costs.
• Electric Loader Electric loader for construction and industrial applications with environmental benefits.
• MAMBERAMO (Electric Dump Truck 8x4) Electric dump truck with 8x4 configuration for heavy material transport in mining and construction.

Quantifiable outcome

• 169 electric vehicles delivered with zero major breakdowns
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered major and core.

• PT LaksanamajorChannel Partner/ Reseller/ Distributor · 29 May 2025Bodywork collaboration for CKD electric buses. Laksana handles electric bus body assembly for Sinarjaya's 20-unit TransJakarta fleet.
• Perum DAMRIcoreChannel Partner/ Reseller/ Distributor · 5 May 2025DAMRI operates 80 units of VKTR CKD electric buses for TransJakarta, following the existing 72 units. This positions VKTR as the leader in TransJakarta fleet operations with 152 total units.
• Mandiri Tunas Finance (MTF)majorChannel Partner/ Reseller/ Distributor · 25 March 2025Financing partnership to provide financing facilities for VKTR consumers through VKTR and its authorized dealers, expanding market reach and accelerating adoption of low-emission vehicles in Indonesia.
• PT Gapura AngkasamajorChannel Partner/ Reseller/ Distributor · 8 April 2024Deployment of Electric Apron Passenger Bus and charger at Soekarno-Hatta Airport. VKTR supplies electric buses for airport ground operations, supporting Net Zero Emission 2060 ambition.
• Pertamina NREcoreStrategic or Co-development Partner · 15 March 2024Joint Development Agreement signed March 2024 to develop e-Mobility as a Service (e-MaaS) in Indonesia. Partnership aims to supply EVs to TransJakarta and other entities through a joint venture offering rental or cost-per-kilometer pricing, targeting 10,000 EV units sold by 2030. Supports Indonesia's Net Zero Emission 2060 target.
• Karoseri Tri SakticoreStrategic or Co-development Partner · 27 February 2024Joint venture partnership to establish PT VKTR Sakti Industries (VKTS) for CKD electric vehicle manufacturing. VKTR invested IDR 200 billion for construction and technology; Karoseri Tri Sakti provided land and buildings valued at IDR 100 billion. Located in Magelang, Central Java with capacity of 3,000 units/year.
• Bakrie ConstructionmajorImplementation/ SI/ Consulting Partner · 27 February 2024Construction partner for VKTS manufacturing facility development in Magelang, alongside Automotive Engineering Corp (Sinomach Group).
• Automotive Engineering Corp (Sinomach Group)majorImplementation/ SI/ Consulting Partner · 27 February 2024Construction partner with portfolio of world-class EV facilities meeting international standards for VKTS manufacturing facility.
• PT Indomobil Sukses Internasional Tbk (IMAS)majorStrategic or Co-development Partner · 20 February 2024Strategic alliance combining IMAS's automotive manufacturing and distribution expertise with VKTR's EV technology to accelerate innovation and adoption of electric vehicles in Indonesia across commercial vehicle segments.
• Politeknik Elektronika Negeri Surabaya (PENS)majorStrategic or Co-development Partner · 1 December 2023Collaboration to establish Transportation Electrification Innovation Research Center. PENS transferred 14 joint patents to VKTR covering retrofit solutions, axial flux motors, electric apron bus systems, and smart fleet management. VKTR committed to supporting Kedaireka program for industry-academia knowledge transfer.
• BYD AutocoreTechnology or Integration · 1 January 2018Strategic partnership with BYD Auto, the world's largest bus manufacturer, for electric bus supply. VKTR imports K-9 type buses as CBU units and later established local CKD assembly. BYD cooperation began in 2018 with Bakrie Autoparts. VKTR is the exclusive distributor of BYD electric buses in Indonesia.

Scale indicators18 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BYD Auto: World's largest electric bus manufacturer and VKTR's core technology partner. Directly comparable as a global leader in battery-electric commercial vehicles (buses and trucks) with overlapping product lines, though BYD operates at vastly larger scale.
• Proterra: US-based EV bus and battery technology company focused exclusively on zero-emission commercial vehicles. Closely aligned product focus (electric transit buses and powertrains), though now operating primarily through restructuring after its 2024 bankruptcy.
• Lion Electric: Canadian manufacturer of battery-electric buses and trucks (LionC, LionD, LionM). Closely comparable in product portfolio and target customer profile (commercial fleets, school buses, transit), though currently undergoing financial restructuring.
• Zhongtong Bus: Major Chinese bus and coach manufacturer with significant EV bus exports. Direct peer in the export-oriented battery-electric bus segment, competing for the same emerging-market transit electrification tenders as VKTR.
• NFI Group (New Flyer / Alexander Dennis): North America's largest bus manufacturer with a deep EV lineup (Xcelsior CHARGE, Enviro500EV). Directly comparable as a transit bus specialist with established transit agency relationships and an active EV transition.

Broad incumbents

• Daimler Truck: Manufacturer of the Mercedes-Benz eActros and other heavy-duty electric trucks. Comparable as a global incumbent in commercial vehicle electrification with deeper engineering resources but slower emerging-market penetration.
• Yutong Bus: World's largest bus manufacturer by volume with a comprehensive EV bus lineup. Competes with VKTR in emerging markets and is a benchmark for how a Chinese bus OEM scales EV exports globally.
• Volvo Group (Volvo Trucks & Buses): Produces Volvo FH Electric and Volvo Buses' electrified lineup. Comparable as an established European commercial vehicle OEM transitioning to battery-electric drivetrains across buses and heavy trucks.

Emerging players

• Xos Trucks: US-based manufacturer of Class 5-8 electric trucks for fleets. Comparable as an emerging commercial EV specialist targeting last-mile delivery and vocational segments, smaller scale than VKTR's public profile but overlapping truck focus.

Regional players

• PT Mobil Anak Bangsa (MAB): Indonesian electric bus and vehicle manufacturer focused on domestic market. Direct regional peer operating in the same Indonesian commercial EV space, with similar B2G customer base but a narrower product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@vktr_indonesia
• Facebookfacebook.com/VKTR.id
• LinkedInlinkedin.com/company/vktrindonesia
• Instagraminstagram.com/vktr_indonesia
• Xx.com/vktr_id

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VKTR