Grab, EPMB and Blueshark to work on ESG projects at the same time
Main Market-listed EP Manufacturing Berhad (EPMB) has announced its wholly-owned subsidiary, EP Blueshark Sdn Bhd (EPSB), has signed a Collaboration Agreement with Grabcar Sdn Bhd (Grab), and Blueshark Ecosystem Sdn Bhd (Blueshark), to jointly explore business opportunities.
Under the agreement, EPSB will work with Grab and Blueshark to promote Green Mobility and Environment, Social and Governance (ESG) programs. Together, these programs aim to convert 80,000 Grab drivers and delivery partners from users of traditional petrol motorcycles to users of electric vehicle (EV) motorcycles.
Moreover, two key initiatives were announced as part of the collaboration, the first of which is the R1 Pilot Programme, where Blueshark will provide, free of charge, 50 units of R1 EV motorcycles to selected Grab delivery partners for a product trial.
The goal of this project is to gather experiential data for Blueshark’s EV motorcycles, while promoting cost saving with green mobility and the second initiative is the EV Programme where EPSB will manufacture, assemble and distribute the Blueshark IOV Electric Motorcycle, a smart electric scooter model that Blueshark will offer to Grab’s drivers and delivery partners at a special offer price.
On top of that, EPSB will provide a factory warranty for the Blueshark IOV Electric Motorcycle and as part of the EV Programme, Blueshark will provide batteries to Grab drivers and delivery partners at a promotional price of RM79 per pair, per month, for the first six months, and subsequently, at RM110 per pair, per month.
In addition, participating Grab drivers and delivery partners are also entitled to 3 months of unlimited BlueSwap Pro battery swaps at BlueSwap Battery Swap Stations for RM139 per month, subject to terms and conditions. As part of the agreement, Grab will also communicate these initiatives to its delivery partners, through messages transmitted via the Grab driver app.
EPMB Group Chief Executive Officer, Ahmad Razlan Mohamed, said “We are pleased to announce our collaboration with Grab, a leading app in Southeast Asia, as well as Blueshark, a leading smart electric scooter provider.”
“Earlier on, we partnered with Blueshark with the vision of giving Malaysians a superior product, powered by the most viable energy solution and a complete ecosystem to support it.”
“Collaborating with Grab gives EPMB and Blueshark access to an extensive user network belonging to one of the most visible brands in the gig economy today. It is also in line with one of our shared goals with Blueshark, which is to empower Malaysians with truly accessible mobility solutions.”
Further terms and details of this arrangement were set out in the Collaboration Agreement between EPSB, Grab, and Blueshark and as detailed in EPMB’s stock exchange filing linked here and is dated 8 August 2023.
