KL Electric Mobility Sdn Bhd – a wholly owned subsidiary of Masers Energy Inc – today announced a groundbreaking initiative to invest RM1.5 billion for the “KL Electric A-gogo car sharing service” – a project to lay out charging stations for zero-emission vehicles on the road.

KL Electric Mobility sealed the agreement with Dewan Bandaraya Kuala Lumpur (DBKL) earlier today. Datuk Seri Suhaimi Hj Abdul Rahman, Chairman and Chieft Executive Officer signed on behalf of KL Electric Mobility Sdn Bhd, while Datuk Seri Hj Ahmad Phesal bin Hj Talib, Datuk Bandar Kuala Lumpur signed on behalf of DBKL.

The car sharing service will cover strategic locations within Kuala Lumpur’s golden triangle. Three-thousand stations will be rolled out within two years starting January 2015.