What Volta does

Volta Indonesia (legally PT Volta Indonesia Semesta) is an Indonesian electric motorcycle manufacturer and mobility ecosystem operator, founded in 2021 in Semarang and headquartered in Jakarta as a subsidiary of publicly listed PT NFC Indonesia (IDX: NFCX). The company designs, manufactures, and sells a portfolio of nine LiFePO4-battery electric motorcycle models — spanning entry-level units such as the Volta eX Reguler (Rp 17.85 million) to premium models like the PatriotX (Rp 26.8 million) and GV1 (Rp 23.956 million) — supported by proprietary features including swappable dual-battery systems (120-150 km range), regenerative braking, traction control, IoT connectivity, and a Volta mobile application for fleet management. As of the latest disclosed data, Volta operates a network of 300+ battery swap stations (Stasiun Ganti Baterai/SGB) and paid charging stations (SCB) across Indonesia.

The core of Volta's business is an integrated ecosystem model rather than motorcycle sales alone. Revenue streams include one-time motorcycle sales (eligible for a Rp 7 million government subsidy on regular variants), usage-based battery charging (Rp 1,000-5,000 per 20% charge), transaction-fee battery swaps (Rp 7,500 per 60 km), and a subscription rental-to-ownership service (Semolis) priced at Rp 40,000-52,500 per day over a 660-day term, after which ownership transfers to the renter. Primary customer segments are individual urban consumers, online ride-hailing drivers (ojek online) operating on platforms such as Gojek and Grab, corporate fleet operators, and tourist-area end users. Distribution combines direct-to-consumer e-commerce (voltaindonesia.com), a dealer and showroom network including Alfamart/Alfamidi retail points, and Semolis pool locations across Jakarta, Bekasi, Depok, Tangerang, Bogor, Semarang, Bali (Denpasar), Surabaya, Medan, and Makassar.

Manufacturing is concentrated at a factory in Semarang's Kawasan Industri Candi (established 2021), with commercial operations, corporate sales, and rental fleet management run from the Jakarta headquarters in Mangkuluhur City. Volta has raised undisclosed funding from Twin Towers Ventures (TTV), Rigel Capital, LX Ventures, and SAIC Capital across two rounds in November 2023 and July 2024, and reports cumulative operational metrics of approximately 905 million km traveled by its motorcycles and 89,202 tons of CO2 emissions reduced. The company positions itself as a participant in Indonesia's national electric vehicle transition, with product economics dependent in part on continued government subsidy availability.

Name

Volta

Legal name

PT Volta Indonesia Semesta

Website

https://voltaindonesia.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Volta Indonesia is an Indonesian electric motorcycle manufacturer and mobility ecosystem operator (subsidiary of PT NFC Indonesia) that sells LiFePO4 e-motorcycles through a dealer network and 300+ battery swap stations, targeting urban consumers, ride-hailing drivers, corporates, and tourists via direct sales and a rental-to-ownership program.

Ownership category

akta.pro rank

Product category

Electric Motorcycles

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991), Motorcycle, Boat, and Other Motor Vehicle Dealers (44122)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB)

akta.pro secondary industries

E-Mopeds & Light Electric Motorbikes (Consumer) (CRACASAG), E-Mobility Connectivity, Apps & Anti-Theft Tracking (consumer devices/services) (CRACASAM), Street & Standard Motorcycle Rentals (THADAHAA)

Keywords

• Electric motorcycles
• Battery swap infrastructure
• Electric vehicle manufacturing
• Battery-as-a-service
• Motorcycle rental services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Motorcycle Sales: Direct sales of electric motorcycles to consumers through website and dealer network. Pricing ranges from Rp 17.85 million (eX) to Rp 26.8 million (PatriotX) for out-of-area (OTR) Jabodetabek pricing. Government subsidy of Rp 7 million available for regular variants.
2. Battery Charging Services (SCB): Paid battery charging services at Stations Ganti Baterai (SGB). Pricing is tiered per 20% charge: Rp 1,000-5,000 at Volta SGB locations and Rp 1,200-6,000 at partner SGB locations. Deposit of Rp 5,000-6,000 required per transaction.
3. Battery Swapping Services: Battery swap services at SGB stations. SEBALIS (electric battery rental) users receive 5 free swaps per day. Battery swap pricing at Rp 7,500 for 60 km range.
4. Semolis Ownership Rental (Sewa Milik): Motorcycle rental-to-ownership program through subsidiary Semolis. Daily rental rates from Rp 40,000-52,500 over 660 days, after which the motor becomes property of the renter. Includes free maintenance and battery swapping.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Volta manufactures and sells electric motorcycles in Indonesia, offering nine models across price tiers (Rp 17.85M–Rp 26.8M) for individual commuters, ride-hailing drivers, and corporate fleets. The business is anchored by an integrated ecosystem including 300+ battery swap stations (Stasiun Ganti Baterai / SGB), a Semolis rental-to-ownership program targeting online ride-hailing drivers over 660 days, and an IoT-enabled mobile application for vehicle and battery management.

Product overview

Volta is an Indonesian electric vehicle brand that manufactures and sells electric motorcycles through its parent company PT Volta Indonesia Semesta (a subsidiary of PT NFC Indonesia Tbk, IDX: NFCX). The product portfolio consists of nine electric motorcycle models: Volta 401 Reguler, GV1, eX Reguler, PatriotX, MandalaX, Eagle Reguler, Cyrus Reguler, Virgo Reguler, and Mandala Reguler, ranging from entry-level to premium performance variants. The ecosystem is supported by Stasiun Ganti Baterai (SGB), a battery swapping infrastructure network with over 300 stations across Indonesia, and the Semolis ownership-rental service that enables customers to rent motorcycles with eventual ownership transfer. Volta Application provides IoT-integrated mobile access for vehicle management and services.

Differentiator

Problem solved

Functional benefit

Brands

• Semolis: A rental-to-ownership program for Volta electric motorcycles, offering daily rental with a path to ownership after a specified period, integrated with battery-swap (SGB) stations and a mobile application.
• SGB (Stasiun Ganti Baterai)

Products and services

• Volta 401 Reguler Electric Motorcycle
• Volta GV1 Electric Motorcycle
• Volta eX Reguler Electric Motorcycle
• Volta PatriotX Electric Motorcycle
• Volta MandalaX Electric Motorcycle
• Volta Eagle Reguler Electric Motorcycle
• Volta Cyrus Reguler Electric Motorcycle
• Volta Virgo Reguler Electric Motorcycle
• Volta Mandala Reguler Electric Motorcycle
• Semolis Sewa Milik (Rental-to-Ownership) Program
• Stasiun Ganti Baterai (SGB) Battery Swap Service
• Stasiun Cas Baterai (SCB) Battery Charging Service
• Volta Mobile Application

Quantifiable outcome

• 905,400,153 km traveled by Volta motorcycles
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered minor.

• Sentral CargominorChannel Partner/ Reseller/ DistributorSentral Cargo is a logistics partner for Semolis, supporting fleet operations and cargo transportation services.
• SiCepatminorChannel Partner/ Reseller/ DistributorSiCepat is a logistics partner for Semolis, supporting delivery and transportation operations.
• AlfamartminorChannel Partner/ Reseller/ DistributorAlfamart serves as retail partner locations for Volta dealers and Semolis pool points, providing physical store presence across Indonesia.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NIU Technologies: Listed Chinese manufacturer of smart electric scooters with global distribution; comparable on IoT-enabled e-scooters with mobile app integration, premium design, and similar urban commuter positioning. Operates in Southeast Asia and competes for the same customer demographic.
• ECGO (Electrum): Indonesian electric motorcycle and battery-swap infrastructure company (now operating as Electrum) developed with Gojek and Pertamina backing. Directly comparable battery-swap business model targeting the same ride-hailing driver segment in Indonesia.
• Viar Motor Indonesia: Indonesian motorcycle manufacturer with established electric motorcycle line (Viar New e), sold through Indonesian dealer networks. Direct competitor in the same product category with similar price points and distribution to Volta.
• Selis (PT Sinar Elok International): Indonesian electric motorcycle and e-bike brand with LiFePO4 battery technology and established dealer network across Indonesia. Comparable product category, customer segment, and Indonesian market positioning to Volta.
• Gesits (PT Gesits Technologies Indonesia): Indonesian electric motorcycle manufacturer partnering with Gojek and government agencies to deploy e-motorcycles nationwide. Targets the same ride-hailing and commuter segments as Volta with comparable vehicle specifications and Indonesian distribution.
• Alva (Astra International): Indonesian electric motorcycle brand launched by Astra International, offering multiple e-motorcycle models aimed at urban commuters and ride-hailing drivers with battery-swap infrastructure. Direct competitor to Volta in the same product category, customer segment, and Indonesian market.

Peers

• Gogoro:

Broad incumbents

• Astra Honda Motor: Dominant Indonesian motorcycle manufacturer (Honda brand) controlling majority of Indonesia's motorcycle market; has launched electric motorcycle models (EM1 e:) and is building its own dealer/service infrastructure. Largest incumbent threat and benchmark for Volta on scale, distribution, and customer base.
• Yadea Group: World's largest electric two-wheeler manufacturer by volume, listed in Hong Kong, with broad product range and global distribution including Southeast Asia. Larger incumbent offering overlapping capabilities in e-scooters and e-motorcycles across multiple price tiers.

Regional players

• Hero Electric (India): One of India's largest electric two-wheeler manufacturers with extensive product range, battery-swap pilots, and large installed base. Regional peer with similar product/market fit challenges in a comparable emerging-market regulatory environment, though not directly competing in Indonesia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCj5MQtA--0-YkJy4hiGjoxA
• Facebookfacebook.com/officialvoltaindonesia
• Instagraminstagram.com/officialvolta.id
• TikToktiktok.com/@officialvolta.id?lang=id-ID
• Xx.com/indonesiavolta
• LinkedInlinkedin.com/company/volta-indonesia

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors4 records

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 Volta