Japanese technology company Softbank and
Southeast Asian ride hailing app Grab said
they’re investing $2 billion in Indonesia over the
next five years.
Grab made the announcement after a meeting
between Indonesian President Joko Widodo
and executives from Grab and its major
investor Softbank.
Grab is using money already invested in it by
Softbank for the investments in Indonesia,
which is Southeast Asia’s largest economy.
In its statement Grab said it and Softbank will
“create a next-generation transport network
for Indonesia based around an electric vehicle
ecosystem that will drive cities toward a greener
and cleaner transportation grid.”
c. jardin
(C. Jardin)
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