Meta Bright, ChargeHere team up for EV charging push
In a statement, the diversified energy group said the partnership brings together MBE's renewable energy capabilities and ChargeHere's role as a leading EV charging point pperator (CPO) in Malaysia to accelerate the rollout of nationwide charging infrastructure.
Under the joint venture, both parties will establish a new company, Meta Bright Chargesini Sdn Bhd, which will focus on developing, installing, and operating EV charging infrastructure across Malaysia.
The initiative will target locations such as malls, hotels, residential areas, and commercial zones. Meta Bright Energy will hold a controlling 51% stake in the new entity, while ChargeHere will hold the remaining 49%.
ChargeHere, operating under the 'ChargeSini' brand, currently manages Malaysia's largest network of EV charging points with 935 charging stations across 300 locations, serving over 32,000 active users.
This collaboration enables Meta Bright to leverage ChargeHere's established technical capabilities and operational experience to advance the group's presence in the growing EV infrastructure sector.
'This strategic joint venture with ChargeHere significantly expands our capabilities within the renewable energy sector, particularly in EV infrastructure. It represents an essential milestone for Meta Bright, aligning closely with our ESG goals and strategic focus on creating sustainable, recurring revenue streams,' Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim said.
Both parties have immediately identified several urgent and approved projects to launch under this JV, with key locations in Johor, Penang, and Selangor.
Additionally, the partnership is already actively planning subsequent stages of expansion, with an extensive pipeline of upcoming projects that include notable sites across Kuala Lumpur, Pahang, and Melaka, among others
Separately, Meta Bright also announced the disposal of its wholly-owned Australian subsidiary, Meta Bright Australia Pty Ltd (MBA), for RM25.37mil.
This decision comes as part of the group's broader risk management strategy to mitigate exposure to cross-border operational risks, including geopolitical uncertainties, foreign exchange volatility, and global economic conditions.
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