Latest news with #ChargeHere
The Sun
3 days ago
- Automotive
- The Sun
Meta Bright speeds up EV growth through tie-up with ChargeHere
KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary Meta Bright ChargeSini Sdn Bhd has signed novation agreements with ChargeHere EV Solution Sdn Bhd – effectively assuming full rights, operations, and revenue streams for four primary electric vehicle (EV) charging station projects. This marks a significant step forward in Meta Bright's foray into the EV charging sector. The strategic novation agreement transfers operational control and commercial benefits for the EV charging stations located at high-visibility properties, enabling the group to rapidly scale its presence in line with Malaysia's National Energy Transition Roadmap (NETR). ChargeHere, operating under the ChargeSini brand, is Malaysia's leading charging point operator with a network of 935 EV charging points nationwide. Through the novation, Meta Bright ChargeSini will take over complete management responsibilities including maintenance, operations, and revenue collection, building upon the foundation laid by its joint venture partner. The transaction not only brings immediate commercial returns through service income and profit-sharing models but also realises the full intent of the joint venture announced earlier in July. It accelerates Meta Bright's ability to replicate and roll out similar successful projects across Malaysia. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim described the novation as a key tactical move that significantly shortens time-to-market in Malaysia's competitive EV landscape. He said that instead of starting from the ground up, the company has (through this arrangement), instantly secured EV charging stations in high-traffic, strategic locations. 'This move reinforces Meta Bright's commitment to expanding its renewable energy business and firmly establishes the group as an active and credible player in the country's green mobility transition. 'Rather than a tentative entry, the company is accelerating its role in the sector, strengthening its base of recurring income and setting the stage for future growth,' he said. Phang added that the novation represents a strategic evolution from the joint venture agreement with ChargeHere, further solidifying Meta Bright's ambitions in the charging point operator market. Building on this momentum, Meta Bright is currently in advanced negotiations to secure the next phase of EV charging sites in key strategic locations. Phang noted that the group's expanding operational track record supports a disciplined growth strategy and underpins its dual focus on enlarging its renewable energy portfolio while contributing meaningfully to Malaysia's green mobility agenda.
The Sun
4 days ago
- Automotive
- The Sun
Meta Bright fast-tracks EV expansion, securing prime charging sites from ChargeHere JV
KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary, Meta Bright ChargeSini Sdn Bhd, has signed novation agreements with ChargeHere EV Solution Sdn Bhd, effectively assuming full rights, operations, and revenue streams for four primary electric vehicle (EV) charging station projects. This marks a significant step forward in Meta Bright's foray into the EV charging sector. The strategic novation agreement transfers operational control and commercial benefits for the EV charging stations located at high-visibility properties, enabling the group to rapidly scale its presence in line with Malaysia's National Energy Transition Roadmap (NETR). ChargeHere, operating under the ChargeSini brand, is Malaysia's leading charging point operator, with a network of 935 EV charging points nationwide. Through the novation, Meta Bright ChargeSini will take over complete management responsibilities, including maintenance, operations, and revenue collection, building upon the foundation laid by its joint venture partner. The transaction not only brings immediate commercial returns through service income and profit-sharing models but also realises the full intent of the joint venture announced earlier in July. It accelerates Meta Bright's ability to replicate and roll out similar successful projects across Malaysia. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim described the novation as a key tactical move that significantly shortens time-to-market in Malaysia's competitive EV landscape. He said that instead of starting from the ground up, the company has, through this arrangement, instantly secured EV charging stations in high-traffic, strategic locations. 'This move reinforces Meta Bright's commitment to expanding its renewable energy business and firmly establishes the group as an active and credible player in the country's green mobility transition. 'Rather than a tentative entry, the company is accelerating its role in the sector, strengthening its base of recurring income and setting the stage for future growth,' he said. Phang added that the novation represents a strategic evolution from the joint venture agreement with ChargeHere, further solidifying Meta Bright's ambitions in the charging point operator market. Building on this momentum, Meta Bright is currently in advanced negotiations to secure the next phase of EV charging sites in key strategic locations. Phang noted that the group's expanding operational track record supports a disciplined growth strategy and underpins its dual focus on enlarging its renewable energy portfolio while contributing meaningfully to Malaysia's green mobility agenda.
The Sun
13-07-2025
- Automotive
- The Sun
Meta Bright, ChargeHere formalise EV charging joint venture
PETALING JAYA: Diversified energy conglomerate Meta Bright Group Bhd's wholly owned subsidiary Meta Bright Energy Sdn Bhd has formalised a joint venture (JV) with ChargeHere EV Solution Sdn Bhd, a leading electric vehicle (EV) charging point operator in Malaysia. The JV aims to expand the group's footprint in Malaysia's rapidly growing EV charging infrastructure market. The partners will incorporate a JV company – Meta Bright Chargesini Sdn Bhd – dedicated to developing, installing and operating EV charging infrastructure across Malaysia, focusing on malls, hotels, residential and commercial areas. Meta Bright Energy will hold a 51% stake while ChargeHere will hold the remaining 49%. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim said the JV with ChargeHere significantly expands the company's 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,' he said in a statement. ChargeHere, operating under the ChargeSini brand, currently manages Malaysia's largest network of EV charging points with 935 charging stations across 300 locations, serving more than 32,000 active users. The 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. Through the initiative, Meta Bright aims to capitalise on the government's National Energy Transition Roadmap (NETR), which outlines the strategic expansion of renewable energy and sustainable infrastructure nationwide, including the establishment of 10,000 EV charging stations by 2025. Both parties have identified several urgent and approved projects to launch under the 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 Malacca, among others. The sites range from prominent hotels and commercial buildings to large residential condominiums. 'Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, supporting national goals and meeting rising consumer demand for accessible EV charging solutions,' Phang said. The joint venture with ChargeHere significantly enhances the group's renewable energy and energy efficiency portfolio, reinforcing its commitment to environmental sustainability and innovative energy solutions. In addition to the joint venture, Meta Bright also announced the disposal of its wholly owned Australian subsidiary, Meta Bright Australia Pty Ltd, for RM25.37 million. The 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. 'The disposal of our Australian subsidiary allows us to redeploy resources towards our core operations in Malaysia, ensuring sustained long-term growth and shareholder value. The proceeds will also help us significantly mitigate the cross-border business amidst the current geopolitical environment, reduce our bank borrowings, and enhance our financial resilience,' Phang said.
Focus Malaysia
12-07-2025
- Automotive
- Focus Malaysia
Meta Bright seals JVA with ChargeHere to accelerate its energy biz development in Malaysia
MAIN Market-listed diversified energy conglomerate Meta Bright Group Bhd has formalised a strategic joint venture (JV) with Malaysia's leading electric vehicle (EV) charging point operator (CPO) ChargeHere EV Solution Sdn Bhd to significantly tap Malaysia's rapidly growing EV charging infrastructure market. Under the JV entered into by its 100%-owned subsidiary Meta Bright Energy Sdn Bhd, both parties have agreed to incorporate a new joint venture company – Meta Bright Chargesini Sdn Bhd which is dedicated to developing, installing and operating EV charging infrastructure across Malaysia. Eventually Meta Bright Chargesini will target malls, hotels, residential and commercial areas. Meta Bright Energy will hold a controlling stake of 51% in the project with the balance held by ChargeHere. ChargeHere which operates 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 JV with ChargeHere significantly expands our capabilities within the renewable energy (RE) sector, particularly in EV infrastructure,' commented Meta Bright's executive director (corporate and strategic planning) Derek Phang Kiew Lim. 'It represents an essential milestone for Meta Bright, aligning closely with our ESG (environmental, social and governance) goals and strategic focus on creating sustainable, recurring revenue streams.' Through this initiative, Phang expects Meta Bright to capitalise on the government's ambitious National Energy Transition Roadmap (NETR) which outlines the strategic expansion of RE and sustainable infrastructure nationwide, including the establishment of 10,000 EV charging stations by 2025. 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. These sites range from prominent hotels and commercial buildings to large residential condominiums, thus showing a significant scale of operations set to unfold in the near future. 'Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, hence supporting national goals and meeting rising consumer demand for accessible EV charging solutions,' added Derek. At the close of market trading yesterday (July 11), Meta Bright was unchanged at 12 sen with 2.77 million shares traded, thus valuing the company at RM304 mil. – July 12, 2025
The Star
11-07-2025
- Automotive
- The Star
Meta Bright, ChargeHere team up for EV charging push
KUALA LUMPUR: Meta Bright Group Bhd 's wholly owned subsidiary, Meta Bright Energy Sdn Bhd (MBE), has formed a joint venture with ChargeHere EV Solution Sdn Bhd to expand its presence in Malaysia's growing electric vehicle (EV) charging market. 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.
