Meta Bright Group Bhd, through its wholly owned subsidiary Meta Bright Energy Sdn Bhd (MBE), has entered into a strategic joint venture with ChargeHere EV Solution Sdn Bhd, signalling a major step forward in its expansion into Malaysia’s electric vehicle (EV) charging infrastructure sector.
In an official statement, the diversified energy group confirmed the formation of a new joint venture company, Meta Bright Chargesini Sdn Bhd, dedicated to the development, installation, and operation of EV charging stations nationwide. Meta Bright Energy will retain a controlling 51 per cent stake in the venture, while ChargeHere will hold the remaining 49 per cent.
The collaboration combines MBE’s expertise in renewable energy with ChargeHere’s operational leadership as Malaysia’s largest EV charging point operator. Operating under the “ChargeSini” brand, ChargeHere currently manages an extensive network comprising 935 charging stations across 300 locations, catering to over 32,000 active users.
“This strategic joint venture with ChargeHere significantly expands our capabilities within the renewable energy sector, particularly in EV infrastructure. It represents an essential milestone for Meta Bright, aligning closely with our ESG goals and strategic focus on creating sustainable, recurring revenue streams,” said Derek Phang Kiew Lim, Executive Director of Corporate and Strategic Planning at Meta Bright.
Initial deployment under the joint venture will prioritise key locations in Johor, Penang, and Selangor. Further expansion is already in planning stages, with an extensive pipeline of approved projects set to include additional sites across Kuala Lumpur, Pahang, and Melaka.
The partnership allows Meta Bright to leverage ChargeHere’s deep technical capabilities and operational know-how, supporting its broader ambition to drive sustainable growth within the clean energy ecosystem.
In a related development, Meta Bright has also announced the divestment of its wholly owned Australian subsidiary, Meta Bright Australia Pty Ltd (MBA), for RM25.37 million. The disposal is part of a strategic initiative to reduce the group’s exposure to cross-border operational risks, including geopolitical uncertainties, foreign exchange fluctuations, and volatile global economic conditions.
-The Star
