Indonesia's Bakrie Group-backed EV firm VKTR to raise $75.56m in IPO

Indonesia's Bakrie Group-backed EV firm VKTR to raise $75.56m in IPO

Photo: VKTR's website

Indonesian supplier of commercial electric vehicles PT VKTR Teknologi Mobilitas Tbk plans to raise 1.13 trillion rupiah ($75.56 million) through an initial public offering (IPO) on the local bourse, according to its prospectus published on Thursday.

Edited by: Padma Priya