Ezen Global Partners with Indonesia's 'Lazada Logistic' for Mobility Finance

AIZEN Global (AIZEN) announced that it has signed a memorandum of understanding for financial services to support the introduction of electric vehicles with Indonesia’s Lazada Logistics.

By providing AI financial services necessary for the Indonesian e-mobility market, EV financing through data and AI partnership agreements will be actively expanded in Indonesia.

[Ezen Global has signed a financial business agreement with Indonesian logistics and delivery company 'Lazada Logistic'.]

Lazada Logistics, the logistics delivery company of Lazada, a major Southeast Asian e-commerce company, is continuously introducing electric motorcycles and leading eco-friendly policies. Lazada actively adopts data and AI technologies necessary for logistics delivery to ensure smooth supply and delivery of electric motorcycles. In particular, it plans to actively utilize AIZEN Global’s AI banking service ‘Credit Connect’ with the goal of operating 15,000 electric motorcycles by next year. Through this agreement, AIZEN Global supports all communications with financial institutions necessary for drivers by recommending financial institutions and providing financial services to Lazada Logistics.

The Indonesian electric vehicle market is growing rapidly and is expected to increase to $20 billion (approximately 26.67 trillion KRW) by 2030. AIZEN Global proposes the ‘Credit Connect’ solution to bridge the gap between the mobility industry and the financial industry. It aims not only to provide financial support so that logistics partners can more easily use electric vehicles but also to establish an eco-friendly delivery system in the Indonesian logistics industry.

Damien Ngai, head of AIZEN Global’s Indonesia branch, said, “This cooperation is a concrete step supporting one of the development roadmaps for the Indonesian electric vehicle industry,” and added, “It is an innovation that provides essential financial services for the supply of electric vehicles.”

Philippe Auberger, head of logistics at Lazada Logistics, said, “We expect partners to more easily own electric vehicles,” and added, “We will be able to build sustainable and high-quality logistics solutions.”

Additionally, AIZEN Global is expanding the supply of banking services to the Indonesian mobility market together with Woori Financial Group and KB Financial Group, which have entered Indonesia. AIZEN Global Vice President Seongjun Jo stated, “We are rapidly supplying the AI financial platform necessary for the Indonesian e-mobility market,” and added, “AIZEN Global’s AI technology will be an essential element to preoccupy the financial demand needed in the mobility market.”

This content was produced with the assistance of AI translation services.