"First, we make it easier for riders to switch from gasoline to electric. Next, we ensure the source of our electricity is green." said Jinsi Lee, CEO of Oyika. "We are excited to partner and tap into NEFIN's green energy technology and infrastructure to set up more battery swap and charging stations in the region."

Incubated by the Hong Kong Science & Technology Park and within a short span of eight years, NEFIN's combined portfolio globally includes 3,400MW of utility-scale, commercial, and industrial rooftop solar systems and other renewable energy projects. Being a one-stop turnkey provider to MNCs and Fortune 500 clients across its renewable energy^[2] portfolio, NEFIN streamlines the process of going green.

Mr Glenn Lim, CEO of NEFIN Group, shared, "I am proud to say that signing this MOU allows NEFIN to extend its business offerings to e-mobility. Together with Oyika, we will first target the B2B logistics and delivery market, before offering our services to the wider B2C motorbike market."

E-motorbike brands affiliated with Oyika include Yadea, TailG, Niu and Gesits. Oyika's mobile application and backend management system turn these two-wheelers into smart bikes. Each petrol motorbike on the road replaced by an e-motorbike saves about one tonne of carbon dioxide equivalent a year, leading to the adoption of e-motorbikes in South-east Asia the fastest means of reducing vehicle emissions.

Hashtag: #NEFIN

References

1. ^{^} Media OutReach (www.media-outreach.com)
2. ^{^} renewable energy (nefinco.com)