Proton New Energy Technology (Pro-Net) secures MYR 200 million from CIMB Bank to support green mobility initiative in Malaysia

Proton New Energy Technology (Pro-Net), a subsidiary of Proton, has secured MYR 200 million (USD 42.1 million) in funding from CIMB Bank. The capital will facilitate Pro-Net's ability to meet the rising demand for electric vehicles (EVs) and upgrade EV infrastructure, aligning with Malaysia’s objective of achieving carbon neutrality. Additionally, the funds will support Pro-Net’s importation and distribution of Smart #1 vehicles.