KUALA LUMPUR, 17 SEPTEMBER 2021 – SOCAR Mobility Malaysia (SOCAR) has closed a covenant-based investment round of up to USD55 million in its recent Series B funding exercise. SOCAR – currently valued at USD213 million, will see both equity and capital injection from South-Korea based EastBridge Partners as well as an investment by Malaysian multinational […]
KUALA LUMPUR, 26 August 2021 – SOCAR Mobility Malaysia (SOCAR) and Tenaga Nasional Berhad (TNB) have announced a Memorandum of Understanding (MoU) to leverage on shared demand data on electric vehicle (EV) usage in Malaysia as part of their joint efforts to speed up the adoption of EVs. Efforts to encourage EV adoption are in […]
KUALA LUMPUR, 21 July 2021 – A recent survey has affirmed a clear opening for SOCAR to empower Malaysians to access electric vehicles (EVs) through flexible mobility options. Amid a global push for drivers to switch from traditional cars powered by internal combustion engines (ICE) to EVs, the relatively high cost of EV adoption remains […]