KUALA LUMPUR: CIMB Group Holdings Bhd and Gentari Sdn Bhd have teamed up to drive green mobility and value chain decarbonisation across Asean.
CIMB and Gentari will offer a range of value-added services to encourage the electric vehicles (EV) adoption in Malaysia.
CIMB will also deliver targeted financing solutions to Gentari's customers, facilitating their decarbonisation efforts and fostering low carbon practices within the sector, supporting national and regional climate ambitions.
CIMB Malaysia and CIMB Bank Bhd chief executive officer (CEO) Gurdip Singh Sidhu in a statement said the partnership signifies a major milestone in CIMB's broader commitment to achieving Net Zero by 2050.
Concurrently, it emphasises the group's dedication to environmental stewardship at all levels.
This includes empowering individual customers to make greener choices and supporting small and medium enterprises (SMEs) in their decarbonisation efforts.
"With CIMB's strong foundation in sustainable finance, we believe we can offer solutions that not only drive the clean energy transition but also create real, measurable impact.
"Together, we will work towards practical and scalable initiatives that help tackle climate challenges, while supporting national and regional sustainability agendas," he added.
Additionally, CIMB will play a pivotal role in advancing sustainability adoption among SMEs within Gentari's value chain.
This will provide growth-oriented, green banking solutions that enable businesses to scale faster, contributing to the national target of 10,000 public EV charging stations by 2030.
To further strengthen support across Gentari's value chain, vendors will gain access to CIMB's SMEBizReady value-based financing for capital expenditure, working capital as well as funding requirements for automation and digitalisation initiatives.
Gentari deputy CEO and unit Gentari Green Mobility CEO Shah Yang Razali said the collaboration allows Gentari to expand its network of stakeholders to make EV adoption more affordable and accessible.
"At the same time, CIMB's targeted financing solutions not only enable Gentari's partners to implement decarbonisation measures at scale but are also an opportunity for businesses to optimise their green energy ecosystem potential via the Gentari Go platform," he said.
Gentari operates the largest licensed direct current (DC) charging network in Malaysia, with over 175 DC charging points out of close to 1,000 charging points across Malaysia, Thailand and India.
It has deployed over 3,600 EVs through its Vehicle-as-a-Service offerings across the region.