Tritium Enters Malaysian Market with Sale of Fast Chargers to KuroEV
BRISBANE, Australia, April 12, 2023 – Tritium DCFC Limited (Tritium) (Nasdaq: DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that KuroEV, an EV charger installer and management services provider, has purchased Tritium fast chargers to be deployed across Malaysia. With only 600 charging stations currently available for the over 10,000 EVs registered in the country, Tritium’s entry into the Malaysian market comes at a crucial time.
The Malaysian government has recognized the need for increased EV charging infrastructure and has pledged to build 10,000 EV charging stations by 2025 in partnership with the private sector. This initiative is part of the government’s broader goal to achieve net-zero emissions by 2050, which includes targets for 30% renewable energy capacity by 2025 and maintaining 50% of the nation’s land as natural forest.
“We are excited to partner with KuroEV to bring Tritium’s world-leading charging technology to the Malaysian market and expanding our footprint in the Asia Pacific region,” said Tritium CEO Jane Hunter. “Our fast chargers will provide reliable, high-quality charging solutions to EV drivers in Malaysia, and we look forward to supporting KuroEV in their efforts to create a comprehensive charging network across the country.”
KuroEV plans to deploy Tritium chargers at various locations throughout Malaysia, including offices, shopping malls, and commercial hubs. The company also intends to create its own charging network in the future, featuring solar, on-site energy storage, EV charging, cafes, and other premium services available at their sites.
“We are delighted to work with Tritium, a global leader in EV fast charging technology, to offer the latest fast charging solutions to our customers in Malaysia. With Tritium’s fast chargers, we can provide a seamless and reliable charging experience to EV drivers across the country, helping to accelerate the transition to a cleaner and more sustainable future,” said KuroEV Founder Ken Too. “This investment is just the first step in our plans to create a world-class charging network that combines solar, storage, and other innovative technologies to offer a truly premium charging experience.”
KuroEV offers affordable lease-to-own options to help businesses install chargers and launch charge point operator businesses.
Tritium’s entry into Malaysia represents another milestone in the company’s ongoing commitment to expanding global EV charging infrastructure and becoming the number one manufacturer of electric vehicle fast chargers in the world.
Founded in 2001, Tritium (NASDAQ: DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world.
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Electric mobility is the smart choice. We make it the easy one, too. We are focused solely on offering the best electric vehicle (EV) charging experience and EV ecosystem for everyone involved in the shift to electric mobility. We design, install, manage EV charging solutions and provide EV fleet leasing for all our customers at offices, shopping malls, commercial hubs, apartments and many more locations so that its available to everyone.
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