KUALA LUMPUR (April 4): Perusahaan Otomobil Nasional Sdn Bhd’s (Proton) wholly-owned subsidiary Proton New Energy Technology Sdn Bhd (Pro-Net) has obtained RM200 million in financing from CIMB Bank Bhd for the funding of its green mobility initiative, as well as the import and distribution of smart #1 electric vehicles (EVs) in Malaysia.

Pro-Net board member Roslan Abdullah said the company will utilise this financing to enhance its digital ecosystem and supply chain in EV infrastructure, and expand its network for a seamless retail experience.

“This will facilitate the rising demand for EVs, aligning with Malaysia’s carbon neutrality objective,” he said in a statement.

Pro-Net is the exclusive authorised importer and distributor of smart vehicles in Malaysia and Thailand.

The smart #1 is the first model sold by Pro-Net, and is built on Geely’s Sustainable Experience Architecture and styled by Mercedes-Benz.

Meanwhile, CIMB Group co-chief executive officer of group wholesale banking Novan Amirudin said the transaction underscores the group’s commitment to supporting clients across diverse industries to advance their environmental, social, and corporate governance (ESG) agendas, and fostering positive impact through sustainable finance solutions.

“This aligns with CIMB Group’s ambition to become a leading focused Asean bank and sustainability leader in the region, as outlined in our Forward23+ strategic plan,” he said.

Read also:
Proton sold 12,666 units in March