Meadow Street Capital to Invest in EV Plant in Southeast Sulawesi

By Editorial Team 31/05/2023
electric vehicle
Summary

The Investment and One-Stop Integrated Service Office (DPM-PTSP) of Southeast Sulawesi Province has confirmed that several companies, including PT Bravo Senapati Teknologi, a subsidiary of PT Meadow Street Capital, have submitted investment plans to establish an electric vehicle factory.

Head of DPMPTSP Sultra Parinringi said PT Meadow Street Capital and its subsidiary intend to invest in the electric vehicle industry, covering upstream and downstream operations, including supply chain infrastructure and vehicle production. The company aims to market its products both domestically and for export.

The request for investment was made in the Letter of Interest Number 001/SPN-MSC/IV/2023, submitted directly by the Director of PT Meadow Street Capital Dian Lestasi to the Governor of Southeast Sulawesi Ali Mazi.

The letter, dated Apr 14, 2023, outlined various requirements, including 50 hectares of land, licenses related to transportation distribution on highways, and the designated area for the electric motorcycle and car factory in Buton Regency.

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