Agmo Holdings Bhd has incorporated a new subsidiary, Agmo EV Sdn Bhd, which will focus on software development and ancillary services to address evolving tech demands and platform-based services for electric vehicles, in line with the growing interest in sustainable transportation.

Agmo EV Sdn Bhd was officially established today with an issued share capital of RM100, with shares priced at 10 sen per share, and divided into 1,000 ordinary shares.

Agmo retains a 70% indirect ownership of the new subsidiary through Agmo Ventures X Holdings Sdn Bhd, a direct 70% owned subsidiary of Agmo.

Agmo said the move aligns with its vision to explore new opportunities and diversify its portfolio, positioning the company to adapt to the evolving business landscape.