KUALA LUMPUR, 13 MAY 2025 – PETRONAS Dagangan Berhad (PETRONAS Dagangan) and Blueshark Ecosystem Sdn. Bhd. (BESB) have recently entered into a strategic joint venture (JV) to advance the distribution and adoption of electric two-wheelers (2W-EV) and related energy solutions in Malaysia, further supporting the country’s low-carbon mobility agenda.
The joint venture – Blueshark Malaysia Sdn. Bhd. (BMSB) – brings together PETRONAS Dagangan, via its wholly owned subsidiary, PDB Growth Solutions Sdn. Bhd. (PGSSB) and BESB. This milestone marks the continued growth of the partnership between PETRONAS Dagangan and BESB, which has evolved and expanded since the collaboration began in 2022. Following successful early deployments and steady progress in the 2W-EV segment, the partnership is now entering a more structured phase aimed at expanding its scale and impact. This next step reflects both companies’ shared commitment to accelerating low-carbon mobility in support of the National Energy Transition Roadmap (NETR).
JV to Work with Sharkgulf Technologies Group Limited and EP Blueshark Sdn. Bhd. to Scale EV Platform and Local Assembly
Through BMSB, the JV will serve as the exclusive distributor of Blueshark-branded 2W-EVs in Malaysia, including the Soloera model. It will also operate battery-swapping services at selected PETRONAS stations, offering quick-change options for riders, businesses and fleet operators. The infrastructure is already operational in the Klang Valley, Penang and Johor, with phased expansion plans underway. To scale this platform nationwide, BMSB will work closely with two key delivery partners.
Sharkgulf Technologies Group Limited (STGL) – the original product developer and technology provider for the Blueshark platform – supplies the JV with smart battery systems, connected powertrains and software integration capabilities. These technologies underpin the performance, safety and intelligence features of Blueshark’s electric motorcycles. In parallel, the JV has formalised an agreement with EP Manufacturing Bhd (EPMB) wholly owned subsidiary, EP Blueshark Sdn. Bhd. (EPBSB), as the local assembler of the 2W-EV. The subsidiary will play a key role in localising production and logistics for the Malaysian market.
The collaboration brings together each party’s unique strengths – PETRONAS Dagangan’s established retail network and operational scale, BESB’s product innovation and agility, STGL’s advanced EV platform and EPMB’s local manufacturing expertise. This signals a long-term commitment to shaping Malaysia’s electric mobility landscape through a strong, purpose-driven partnership.
PETRONAS Dagangan Managing Director and Chief Executive Officer Azrul Osman Rani said, “This joint venture signals a strategic step for PETRONAS Dagangan as we continue expanding our role beyond traditional fuel offerings, into cleaner and smarter mobility solutions that meet the needs of customers today and into the future. It reflects how we are evolving as a progressive energy and solutions partner – committed to shaping new possibilities for everyday mobility, while staying true to our purpose of making life simpler and better for those we serve. With Blueshark as our partner, and the strength of our brand, network and operational excellence behind us, we are well-positioned to build a future-ready ecosystem that delivers real value on the ground.”
BESB Group Chief Executive Officer Jeff Chong commented, “This exciting union will strengthen the whole electric two-wheeler ecosystem for Malaysia and accelerate EV adoption while reducing carbon emissions for a greener future. Together with PETRONAS Dagangan and our partners, we hope to someday become a household brand for electromobility in Malaysia and beyond. With our aggressive expansion strategy, enhanced infrastructure and strong industry partnerships, the significant step we take today will enable us to mobilise Malaysia towards a brighter future, led by PETRONAS and Blueshark.”
STGL Chief Executive Officer Tiger Liu highlighted, “This partnership extends beyond a typical business collaboration – it marks a significant milestone in our joint efforts with partners to advance green mobility development in Malaysia. At STGL, we firmly believe that sustainable transportation is not only an industry trend but also a corporate responsibility we must uphold. We will continue to strengthen innovation, enhance local services and strive to deliver the best electric mobility experience to Malaysian users.”
EPMB Executive Director Aidan Hamidon noted, “Today’s agreement marks a pivotal milestone in EPMB’s venture into the EV industry, which began in 2022. It represents a major step towards our vision of becoming a leader in sustainable mobility, advancing a cleaner and more sustainable future. This partnership is built on trust, a shared vision and complementary strengths. As an established partner to local and global automotive OEMs, we bring to the table extensive expertise in the importation and logistics of CKD components, as well as localisation, along with robust assembly capabilities. With PETRONAS Dagangan’s extensive retail network and STGL’s state-of-the-art technology and products, we aim to create a smart EV ecosystem that accelerates Malaysia's green mobility agenda. We look forward to a dynamic, synergistic and successful partnership.”
-pdbxblueshark-img.jpg)
