Business
LOLC Holdings, PickMe and Browns EV collaborate to accelerate Sri Lanka’s transition to inclusive electric mobility
LOLC Holdings PLC has entered into a strategic mobility collaboration with PickMe, to accelerate the adoption of electric vehicles (EVs) while creating an inclusive and sustainable vehicle ownership pathway for independent ride-hailing drivers across the country. Anchored by Browns EV, the LOLC Group’s latest electric mobility venture marks a significant step towards redefining access to clean, affordable, and future-ready transportation in Sri Lanka.
At the centre of this initiative is a direct rent-to-own facility offered by LOLC to independent third- party drivers that engage with the PickMe platform. Under this model, LOLC provides Browns EV vehicles directly to these independent drivers. The programme allows the drivers to choose to operate EVs by committing to a daily rental structured by LOLC, with the full ownership transferred at the end of a six-year tenure, which is managed solely by LOLC. For the convenience of the drivers, daily rental payments are remitted through the PickMe platform’s digital interface based on driver authorization, assisting them in managing their personal financial obligations while enabling long-term asset creation.
A key milestone of the collaboration was marked with the official opening of the Browns EV Experience Centre on 09th of January 2026 at the Browns EV Showroom premises. Designed as a dedicated resource hub, for independent drivers that engage with the PickMe platform, the Centre allows these entrepreneurs to explore a variety of electric vehicle options and engage directly with LOLC representatives. At the Centre, drivers can independently evaluate LOLC ’s daily rental model, assess their individual eligibility, and complete their registration process directly with LOLC. This streamlined environment provides a one-stop location for drivers managing their own independent business growth.
The launch event also featured the formal signing of a strategic collaboration agreement between Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC, and Jiffry Zulfer, Founder and Chief Executive Officer of PickMe Sri Lanka.
Commenting on the initiative, Kapila Jayawardena stated, “At LOLC, we believe that meaningful progress is achieved by empowering people through access, opportunity, and innovation. This strategic collaboration with PickMe, supported by Browns EV, brings together financial innovation, responsible asset ownership, and affordable electric mobility to strengthen livelihoods while advancing Sri Lanka’s national sustainability priorities. Following years of import restrictions that limited access to vehicle ownership, this initiative responds directly to pent-up demand by making high-quality, future-ready electric vehicles genuinely accessible to independent entrepreneurs who depend on mobility for their livelihoods.”
Browns EV recently launched a line-up of electric vehicles positioned to expand affordable mobility across Sri Lanka. In partnership with global automotive leaders SAIC-GM-Wuling Automobile (SGMW) and Beijing Auto Works (BAW), Browns EV has introduced models designed to cater to diverse consumer and commercial segments. Wuling, the world’s second-largest EV brand, has produced over three million units globally, while Beijing Auto Works is among China’s oldest and largest automotive manufacturers. Their expertise, combined with Browns’ 150-year legacy in Sri Lanka, ensures quality, safety, and long-term value for consumers.
Drivers exploring options through the Browns EV Experience Centre can view a diverse portfolio of Browns EV models, including the BAW E6, BAW E7, BAW E7 Pro, Wuling Binguo, and Wuling Cloud.
Emphasising the synergy unlocked through the collaboration, the CEO of PickMe stated, “Collaborating with LOLC Holdings, an institution defined by scale, credibility and long-term value creation, marks a significant milestone in PickMe’s journey. Alongside Browns EV, this collaboration integrates finance, technology and sustainable mobility into a unified ecosystem. By combining PickMe’s digital platform with LOLC’s financial strength and Browns EV’s electric vehicle expertise, we are not only accelerating the adoption of clean mobility but also empowering independent mobility entrepreneurs across Sri Lanka with access, opportunity and long-term economic resilience”.
Together, the collaboration between LOLC Holdings, PickMe, and Browns EV establishes a scalable and future-focused model for electric mobility in Sri Lanka, one that seamlessly integrates financing, technology, and vehicle access within a unified ecosystem. By lowering barriers to EV adoption and facilitating long-term asset ownership for independent drivers, the initiative supports national sustainability goals while strengthening livelihoods and entrepreneurship.
Business
“We Are Building a Stable, Transparent and Resilient Sri Lanka Ready for Sustainable Investment Partnerships” – PM
Prime Minister Dr. Harini Amarasuriya addressed members of the Chief Executives Organization (CEO) during a session held on Thursday [3 February 2026] at the Shangri-La Hotel, Colombo, as part of CEO’s Pearl of the Indian Ocean: Sri Lanka programme.
The Chief Executives Organization is a global network of business leaders representing diverse industries across more than 60 countries. The visiting delegation comprised leading entrepreneurs and executives exploring Sri Lanka’s economic prospects, investment climate, and development trajectory.
Addressing the gathering, the Prime Minister emphasized that Sri Lanka’s reform agenda is anchored in structural transformation, transparency, and inclusive growth.
“We are committed not only to ensuring equitable access to education, but equitable access to quality education. Our reforms are designed to create flexible pathways for young people beyond general education and to build a skilled and adaptable workforce for the future.”
She highlighted that the Government is undertaking a fundamental pedagogical shift towards a more student-focused, less examination-driven system as part of a broader national transformation.
Reflecting on Sri Lanka’s recent political transition, the Prime Minister stated:
“The people gave us a mandate to restore accountability, strengthen democratic governance, and ensure that opportunity is not determined by patronage or privilege, but by fairness and merit. Sri Lanka is stabilizing. We have recorded positive growth, restored confidence in key sectors, and are committed to sustaining this momentum. But our objective is not short-term recovery it is long-term resilience.”
Addressing governance reforms aimed at improving the investment climate, she said:
“We are aligning our legislative and regulatory frameworks with international standards to provide predictability, investor protection, and institutional transparency. Sustainable investment requires trust, and trust requires reform.”
Turning to the recent impact of Cyclone Ditwa, which affected all 25 districts of the country, the Prime Minister underscored the urgency of climate resilience.
“Climate change is not a distant threat. It is a lived reality for our people. We are rebuilding not simply to recover, but to build resilience, strengthen disaster mitigation systems, and protect vulnerable communities.”
Inviting CEO members to consider Sri Lanka as a strategic partner in the Indo-Pacific region, she highlighted opportunities in value-added mineral exports, logistics and shipping, agro-processing, renewable energy, pharmaceuticals, and innovation-driven sectors.
“We are not looking for speculative gains. We are seeking long-term partners who share our commitment to transparency, sustainability, and inclusive development.”
She further emphasized collaboration in education, research, vocational training, and innovation as essential pillars for sustained economic growth.
Concluding her address, the Prime Minister expressed appreciation to the Chief Executives Organization for selecting Sri Lanka as part of its 2026 programme and reaffirmed the Government’s readiness to engage constructively with responsible global investors.
The event was attended by the Governor of the Western Province, Hanif Yusoof, and other distinguished guests.


[Prime Minister’s Media Division]
Business
High Commissioner in Pakistan urges high level business visit to Colombo
The High Commissioner of Sri Lanka to Pakistan, Rear Admiral Fred Senevirathne, met Dr. Zeelaf Munir, Chairperson of the Pakistan Business Council (PBC), in Karachi on Feb. 6 and urged a high level visit of Pakistani business people to Sri Lanka, a news release from the High Commission said.
Dr. Munir, who also serves as the Managing Director and Chief Executive Officer of English Biscuit Manufacturers (EBM), leads Pakistan’s premier business policy advocacy body, which plays a key role in promoting a conducive business environment, export growth, and industrial development.
The High Commissioner who was warmly received by Dr. Munir at her office briefed her on the current economic and political landscape in Sri Lanka, highlighting the country’s improving economic outlook, enhanced political stability, and a favourable environment for foreign investment, the release said.
He also outlined the policy priorities of the new Government, with particular emphasis on ongoing economic reforms, investment-friendly initiatives, and opportunities to further strengthen bilateral economic and trade cooperation between Sri Lanka and Pakistan, it said.
He invited Dr. Munir to consider leading a delegation of prominent business leaders and investors to Sri Lanka, with a view to engaging with Sri Lankan counterparts and exploring potential investment opportunities and avenues for collaboration across key sectors.
The meeting was facilitated by. Honorary Consul of Sri Lanka in Hyderabad, Mehmood Mandviwalla, who was also present. Minister and Head of Chancery of the Sri Lanka High Commission in Islamabad, Christy Ruban, and Consul General of Sri Lanka in Karachi, Sanjeewa Pattiwila also participated at the meeting.
Business
IRONMAN 70.3 Colombo Returns, Kicks Off #ActiveColombo City Transformation
Officials from the Western Provincial Council, Colombo Municipal Council, and event organisers marked the official launch of IRONMAN 70.3 Colombo – Presented by Port City Colombo today at Shangri-La Colombo, the Host Hotel, signalling the return of Sri Lanka’s premier endurance event and the start of the long-term #ActiveColombo initiative.
Scheduled from 19–22 February 2026, the world-class triathlon will anchor #ActiveColombo Week, combining international competition with a city-wide celebration of sport, health, and urban vitality. Highlights include the KAYA Colombo – Active Lifestyle & International Expo (19–21 Feb), the family-focused IRONKIDS Colombo (21 Feb), and the IRONMAN 70.3 Colombo triathlon (22 Feb), featuring swim, bike, and run events at Port City Colombo, the Official Venue Partner.
The event is set to welcome nearly 1,000 athletes from over 49 countries, many visiting Sri Lanka for the first time, bringing international media attention and significant economic impact across hospitality, aviation, retail, and transport. As part of the globally recognised IRONMAN® circuit, Colombo now joins iconic host cities such as Sydney, Nice, and Muscat, reinforcing its position as South Asia’s emerging endurance sports hub.
“IRONMAN 70.3 Colombo embodies the spirit of resilience and excellence,” said Rajan Thananayagam, Director of Serendib Multisport (Pvt) Ltd. “This event puts Sri Lanka on the world stage and showcases Colombo as a vibrant, welcoming destination for athletes and their families.”
The launch also introduced #ActiveColombo, a long-term initiative aimed at transforming Colombo into South Asia’s leading Active City. The programme focuses on activating everyday urban spaces through parks, waterfronts, beaches, clean streets, shaded corridors, and safe environments that encourage walking, cycling, yoga, and other outdoor activities.
“Through #ActiveColombo, we aim to inspire a more active generation while strengthening Colombo’s appeal as a globally competitive capital,” said Hanif Yusoof, Governor of the Western Province. Mayor Vraîe Cally Balthazaar added that the initiative symbolises inclusive growth, promoting healthier streets, greener corridors, and vibrant public spaces for residents and visitors alike.
With signature policies such as the “Every Active Street is a Shaded Street” Shade the Road initiative, Colombo aims to combine urban health, economic growth, and international sports tourism. Experts say cities that invest in active lifestyles see 10–20% reductions in long-term healthcare costs, safer streets, and higher visitor spending.
By linking IRONMAN 70.3 Colombo with #ActiveColombo, organisers hope to position the city as a healthier home for citizens, a premier destination for high-value tourists, and a credible host for global sporting and lifestyle events, cementing Colombo’s reputation as South Asia’s Active Capital.
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