Petronas Dagangan And Blueshark Form Joint Venture To Accelerate Electric Motorcycle Adoption In Malaysia

Petronas Dagangan Berhad has teamed up with Blueshark Ecosystem Sdn Bhd (BESB) to form a new joint  venture i.e. Blueshark Malaysia Sdn Bhd (BMSB) to advance the use of electric two-wheelers (2W-EV) and related energy solutions in Malaysia.

The joint venture builds on the existing collaboration between the two companies which started in 2022, and is part of a broader push to support Malaysia’s low-carbon mobility agenda under the National Energy Transition Roadmap (NETR).

With Petronas Dagangan’s subsidiary, PDB Growth Solutions Sdn Bhd (PGSSB), partnering with BESB in this JV, BMSB is set to take on an expanded role in the electric mobility ecosystem. It will be the exclusive distributor of Blueshark-branded electric motorcycles in Malaysia, including the Soloera model, and will manage battery-swapping stations at selected Petronas stations. 

Battery-Swapping Network And Local Assembly Plans

Battery-swapping infrastructure is already operational in the Klang Valley, Penang, and Johor, with phased nationwide expansion in the pipeline. To scale efficiently, BMSB will collaborate with 2 major partners:

• Sharkgulf Technologies Group Limited – the original developer of the Blueshark platform, supplying the JV with smart battery systems, connected powertrains, and software integration.

• EP Blueshark Sdn Bhd – a wholly owned subsidiary of EP Manufacturing Bhd, serving as the local assembler for the 2W-EVs, ensuring local production and logistical support.

Together, these partnerships combine Petronas Dagangan’s retail and operational footprint, BESB’s agility in product innovation, STGL’s advanced EV technologies, and EPMB’s assembly expertise—creating a robust EV ecosystem ready to power Malaysia’s electromobility ambitions.

A Future-Ready Ecosystem For Sustainable Mobility

Speaking about the milestone, Petronas Dagangan Managing Director and CEO 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 CEO Jeff Chong added: “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 CEO Tiger Liu commented, “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.”

Meanwhile, EPMB Executive Director Aidan Hamidon added, “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.”

As the country intensifies efforts to reduce emissions and transition to clean energy, the Petronas–Blueshark joint venture is shaping up to be a key enabler in putting more electric two-wheelers—and battery-swap-ready infrastructure—on Malaysian roads.