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Indonesia's Indika, others to allocate $16m for EV unit ALVA's growth plans

Indonesia's Indika, others to allocate $16m for EV unit ALVA's growth plans

Indonesia-listed Indika Energy and other investors are looking to allocate around $16 million to Ilectra Motor Group (IMG), the manufacturer of electric two-wheeler brand Alva One, to support its expansion plans, a top executive said.

Edited by: Padma Priya