KUALA LUMPUR, Feb 8 (Bernama) — Pluglink, an electric vehicle (EV) charging platform, has signed an investment agreement with KDB KIAMCO, the largest alternative asset manager in Korea, for a total of 15 billion Korean won in EV charger assets. (1,000 Korean won=RM3.42)
Acknowledged for its specialty in finance, Pluglink introduced alternative investments in EV charger assets for the first time in Korea, and will provide complete charging services for more than 7,400 EV chargers through this investment.
In a statement, Pluglink said by signing the investment agreement, the company raised investment worth 17 billion Korean won in cumulative assets including 2 billion Korean won investment by local city gas companies.
As a result, Pluglink has so far attracted a total of 30 billion Korean won, including 13 billion Korean won of cumulative corporate investment.
Its Chief Executive Officer, In-cheol Kang said: “Starting with this first investment for EV charger assets, we plan to expand the scale of charger-oriented finance and proceed with various structured finance.”
Pluglink is the fastest growing company in the market that made contracts for more than 10,000 EV chargers until now and operates 1,100 EV charging stations in Korea.
— BERNAMA
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