movus, Builder of Southeast Asian Mobility Infrastructure, Signs Lease Agreement Worth Approx. 2 Billion Yen with Indonesian Conglomerate Leasing Company

movus technologies Co., Ltd. (Headquarters: Tokyo; Representative Director: Taketora Sakai; hereinafter 'movus'), a builder of mobility infrastructure in Southeast Asia, has concluded a lease agreement totaling approximately 2 billion yen with an undisclosed Indonesian conglomerate leasing company for its Indonesian subsidiary PT Movus Technologies Indonesia, aiming to expand its operational scale to 10,000 vehicles within the next two years. This agreement is positioned as the second phase of business expansion following the recently announced Series B funding of 4.26 billion yen. As the only Japanese company certified as a Grab official partner, movus will supply the vehicles procured under this agreement as an 'eco-car subscription service' to drivers in Indonesia. ■ Background: The vehicle procurement bottleneck that operational improvements alone cannot resolve In Indonesia, where movus operates, public transportation infrastructure such as railways and buses is underdeveloped, and the ownership rate of private cars is low. Consequently, ride-hailing apps like Grab and Gojek serve as the de facto public transportation. However, access to financial services required for acquiring vehicles is not established at the individual level, and the loan approval rate at local financial institutions is below 0.1%. This leaves individuals who want to become drivers unable to do so, causing a chronic shortage on the supply side of the mobility infrastructure. movus has addressed this financial access challenge on the individual side through its proprietary IoT devices and credit assessment models. Yet, to scale the business, a foundation that allows movus itself to efficiently procure vehicles is indispensable alongside credit provisioning for individual drivers. This agreement addresses the vehicle procurement bottleneck on the operator's side. It was designed as a scheme combining low-interest funding secured by the Japanese parent company with the vehicle procurement network and operational expertise of the local Indonesian leasing company. ■ Expected Effects Through this agreement, the following outcomes are expected: 1. Expansion of value provided to drivers With the vehicles procured this time, we will provide employment opportunities as drivers with minimal initial cost burdens to individuals who previously could not afford to own a vehicle. We will offer more Indonesian citizens the career choice of becoming a driver, which has the potential to generate income up to five times the monthly salary of an average blue-collar worker (approximately 20,000 yen). 2. Expanded integration with the Grab ecosystem We will accelerate the supply of vehicles to Grab, the leading ride-hailing platform in Southeast Asia with a market capitalization of 2 trillion yen and over 47 million monthly users, as the only Japanese company certified as a Grab official partner. Going forward, we plan to explore new services leveraging Grab's data and customer base, moving beyond mere vehicle supply. 3. Further business expansion We aim to operate 10,000 vehicles within the next two years. This scale will contribute directly to resolving the driver supply bottleneck of Indonesia's largest ride-hailing platform, representing a major milestone in building mobility infrastructure in Southeast Asia. ■ Recruitment Information: Strengthening domestic hiring to recruit challengers to compete globally Population growth and economic expansion are projected to continue in Southeast Asia, with Indonesia's GDP expected to grow to approximately five times its current size by 2050, making it the world's fourth-largest economy. In parallel with expanding our customer base in Indonesia, we will accelerate new developments. To strengthen our organizational structure across BizDev, product, and engineering roles supporting this expansion, we are officially launching recruitment activities in Japan. We welcome individuals who want to collaborate with our local 100-member team in Indonesia to gain experience in 'building an industry from scratch'—an opportunity rare in mature social systems like Japan—within the frontier of Southeast Asia. Recruitment Page: http://corp.mo-vus.com/recruit Recruitment Event List: https://movus.connpass.com/event/ Article List: https://note.com/movus <> 【Series B 4.26B Yen Funding】Challenges for a Japan-based startup to win globally, presented by the executive team 【May 28 @ Tokyo】 Click here for event details and registration ■ Comment from Taketora Sakai, Representative Director of movus technologies Co., Ltd. I would like to express my deepest gratitude to everyone who supported us in realizing this lease agreement. I believe that this agreement is a result of our evaluation of the significance of the issues we are solving, the potential for building social infrastructure in emerging countries, and the health of our business operations. In addition to the 4.26 billion yen Series B funding, we will further accelerate our business with this lease agreement. Amid external factors such as the rise of AI, population decline, and the weak yen, we will strive to generate value at the intersection of overseas markets and real industries, contributing to both Japan and emerging countries through social infrastructure development. We look forward to your continued support. ■ Outline of movus technologies Co., Ltd. Established: February 15, 2021 Representative: Representative Director & CEO Taketora Sakai Location: Daiichi Kishi Building 4/5F, 3-12-4 Uchikanda, Chiyoda-ku, Tokyo Corporate Website: http://corp.mo-vus.com/ Recruitment Site: http://corp.mo-vus.com/recruit Number of Employees: 110 (as of the end of April 2026, consolidated) Inquiries regarding this matter Public Relations, movus technologies Co., Ltd. E-mail: pr-jp@mo-vus.com