84 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 chargEV, our charging infrastructure business, expanded into Brunei in 2023 through a partnership with BEV Charging Company. With the e-roaming agreements we have in place, the chargEV app now lists over 1,000 chargers serving over 20,000 users across Malaysia, Singapore and Brunei. Commercial relationships were also forged new with partners such as UEM Edgenta and Iskandar Investment Berhad and expanded with existing partners such as EcoWorld, Starbucks Malaysia and AEON Group. Our electric two-wheeler segment, rydeEV, made good progress in both its B2B and B2C target markets during the financial year. Since rydeEV’s official launch in June 2023 at our sYnergy event, we have also launched the rydeEV Experience Centre in Petaling Jaya, Malaysia. As of 1 April 2024, we had set up 20 battery swapping stations across Klang Valley and 11 in Johor Bahru. We are in a strong position to capitalise on Electric Motorcycle Use Promotion Scheme (“MARiiCas”), an initiative by the Malaysian government to encourage adoption of e-bikes through attractive rebates. We are also partnering with CelcomDigi to accelerate Malaysia’s e-mobility system, leveraging CelcomDigi’s wide network to provide its users with access to electric mobility in Malaysia. One of the initiatives arising from this partnership was the launch of Malaysia’s first lease-to-own e-bike with a postpaid plan in January 2024. In our fifth business, digitalEV, we have established and operationalised the key enablers that are needed to build the digital marketplace that integrates our businesses’ assets together, and also offers seamless interoperability with the systems of our potential partners. These enablers are EV Charging, EV Fleet Management, Land Logistics, Marine Logistics and Battery Swapping. With this suite of enablers, we have the leading edge as a pioneer of digital solutions for electrification and the ability to cross sell our digital solutions with our various businesses to add value to our customers. As an example, in 2023, we signed an agreement with Proton’s Pro-Net to integrate our chargEV chargers into Pro-Net’s mobile application and their in-car navigation system, providing users with seamless access to all charging points that are connected to our chargEV network. Other use cases of our digital marketplace include our successful e-roaming functionality integration with Gentari and JomCharge, and separately, with CDG Engie and LHN Group respectively, all which took place in 2023.
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