# VKTR Teknologi Mobilitas capital expansion > Live situation record from CLSTR: https://clstr.news/situations/vktr-teknologi-mobilitas-capital-expansion > Updated: 2026-09-29T11:07:38.000Z. Sources: 5. Developments: 2. PT VKTR Teknologi Mobilitas Tbk (VKTR), an electric vehicle manufacturer under the Bakrie Group, has initiated efforts to secure significant capital for its business expansion. In early September 2026, the company sought up to Rp2 trillion in funding through a non-binding term sheet with PT Danantara Investment Management and its affiliates. This funding, which included stock conversion options, was intended to support the expansion of VKTR’s electric vehicle business, specifically focusing on mobility-as-a-service, the procurement of electric buses and trucks, and component manufacturing. By late September 2026, the company moved toward a larger capital increase, receiving approval from the Financial Services Authority (OJK) to launch a Rp3 trillion rights issue. The plan involves offering up to 15 billion new shares. While majority shareholder PT Bakrie & Brothers Tbk (BNBR) stated it would not exercise its rights, it will transfer them to PT Bakrie Capital Indonesia (BCI). BCI and PT Biofuel Indo Sumatra (BIS) have committed to acting as standby buyers to absorb remaining shares. CEO A. Ardiansyah Bakrie stated the capital increase aims to strengthen the company’s foundation for commercial electric vehicles in Indonesia and accelerate electric vehicle adoption. ## Timeline ### 2026-09-29: VKTR Teknologi Mobilitas to launch Rp3 trillion rights issue VKTR Teknologi Mobilitas is launching a Rp3 trillion rights issue to fund its commercial electric vehicle business in Indonesia, with Bakrie Capital Indonesia and Biofuel Indo Sumatra acting as standby buyers. 3 sources. https://clstr.news/cluster/vktr-teknologi-mobilitas-to-launch-rp3-trillion-rights-issue ### 2026-09-02: VKTR Teknologi Mobilitas seeks Rp2 trillion in funding from Danantara VKTR Teknologi Mobilitas is seeking up to Rp2 trillion in funding from Danantara Investment Management to expand its electric vehicle and mobility-as-a-service business. 3 sources. https://clstr.news/cluster/vktr-teknologi-mobilitas-seeks-rp2-trillion-in-funding-from-danantara --- Cite as: VKTR Teknologi Mobilitas capital expansion. CLSTR, https://clstr.news/situations/vktr-teknologi-mobilitas-capital-expansion