Jakarta, Oct. 30 -- Indonesia is forging ahead with efforts to develop an enabling ecosystem for electric vehicles, as three state-owned enterprises have signed a memorandum of understanding (MoU) to advance the National Electric Motorcycle (Molinas) program.

Through its subsidiary Pertamina Patra Niaga, state oil and gas company Pertamina signed the MoU with electricity firm PLN and defense and technology company Len Industri in Jakarta on Tuesday (Oct. 27), in the presence of senior officials from Indonesia's sovereign wealth fund Danantara.

The cooperation agreement lays the groundwork for the three state-run companies to develop electric vehicle battery charging and swapping infrastructure, according to a statement received on Frida...