AIZEN Global and Grab collaborate on E-Mobility finance

13/11/2023 News

AIZEN Global, a prominent player in AI-driven financial services, has entered into a strategic partnership with Grab, Southeast Asia's leading super app, to reshape the landscape of e-mobility finance. This joint effort aligns with Grab's plan to introduce 50,000 electric motorcycles by 2024, contributing to a sustainable mobility ecosystem.

In support of Grab's commitment to expanding its electric vehicle (EV) fleet, AIZEN Global will provide EV financing through its "EV CreditConnect" service. This service efficiently streamlines credit decisions, enabling financial institutions to promptly serve Grab's drivers and encourage their transition to electric vehicles for a more environmentally friendly future.

Damien Ngai, Head of AIZEN Indonesia, expressed optimism about the partnership, emphasizing its significance for developing eco-conscious financial services in Indonesia's e-mobility sector. He stated, "This collaboration between AIZEN and Grab is focused on delivering the necessary financial services for the advancement of eco-friendly finance in the Indonesian e-mobility industry. We are confident that our joint efforts will enhance business synergies and foster a more sustainable financial ecosystem."

AIZEN Global's "EV CreditConnect" serves as a crucial link between the growing e-mobility sector and financial institutions in Indonesia and Vietnam, fostering data-driven economic growth. As a member of the Global Digital Innovation Network, AIZEN Global holds approximately 160 global patents in mobility AI finance and has received recognition as a responsible AI enterprise by the Monetary Authority of Singapore (MAS).

This partnership underscores the commitment of both AIZEN Global and Grab to promoting environmentally responsible finance and contributing to the broader landscape of e-mobility in Southeast Asia. It represents a significant step towards achieving more sustainable and accessible transportation options for the region.

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