Founder Group Buys 19.9% of SpacePlus EV Charging Operator
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Kuala Lumpur – – October 17, 2026 -- Nasdaq-listed Founder Group Limited (FGL) has completed the acquisition of a 19.90% equity interest in Nichcom Go Sdn. Bhd., the Malaysian charge point operator behind the SpacePlus EV charging brand. Financial terms were not disclosed in the announcement.
Malaysia's charger rollout trails its 2025 target by more than 3,500 units
The Ministry of Investment, Trade and Industry (MITI) reported 6,416 EV chargers installed nationwide as of May 31, 2026: 2,143 DC chargers and 4,273 AC chargers. That is short of the original 10,000-unit target set for 2025. The National Energy Transition Roadmap (NETR) now targets 30,000 public charging stations by 2030, roughly five times today's installed base.