Jakarta, Aug. 13 -- Indonesia's electric motorcycle market presents a massive US$170 billion investment opportunity, Investment and Downstreaming Minister and CEO of Danantara Rosan Perkasa Roeslani stated.

Rosan pointed out that out of approximately 140 million motorcycles currently on Indonesian roads, annual vehicle sales reach six to seven million units. However, annual sales of electric motorcycles remain low, hovering between 60,000 and 70,000 units.

"So, (the market share of electric motorcycles) is only one percent. If we look at the future potential, the upside could be exponential," the minister said at the launch of the national electric motorcycle (Molinas) initiative and its supporting ecosystem in Cikarang, West Java, on T...