Pro-Net Obtains RM200 Million From CIMB For Import And Distribution of smart Vehicles

In a significant move that provides stability for growth and capturing of market share, Proton New Energy Technology Sdn Bhd (Pro-Net), a wholly owned subsidiary of Perusahaan Otomobil Nasional Sdn Bhd, has announced that it has obtained RM200 million in financing from CIMB Bank Berhad.

The funds are for its green mobility initiative and the importation and distribution of the smart #1 EV for the Malaysian market.

PRO-NET is the exclusive authorised importer and distributor for smart vehicles in Malaysia and Thailand, particularly the smart #1 for now with more models in the pipeline.

With a comprehensive ecosystem spanning 13 dealer locations, aftersales services, as well as a user-friendly digital app known as ‘Hello smart’ to provide access to over 70% of the public charging network, PRO-NET offers a holistic electric mobility solution together with the reassurance of a robust customer service plan.

The company is also charged with fulfilling national carmaker PROTON’s commitment to its electric vehicle agenda and is set to play a pivotal role as it leads the transition towards the production of New Energy Vehicles (NEV) and the development of the Automotive High Tech Valley (AHTV) in Tanjong Malim.

CIMB on the other hand provides an array of solutions for the consumer EV segment with the introduction of its comprehensive suite of EV financial solutions to drive the adoption of EVs and support the shift towards sustainable mobility across ASEAN. These include preferential auto financing rates, insurance protection and a range of other exclusive privileges, facilitating consumer needs across every aspect of owning an EV.

A car stirs the soul, a motorbike is the soul. Keshy has been a motoring journalist for over a decade and has written for and founded a number of Malaysian motoring titles including Piston.my, Bikesrepulic.com, Motomalaya.net and other mass media titles.

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