Grab said it will invest with SoftBank to create a transport network for Indonesia based on electric vehicles and develop geo-mapping technology.
JAKARTA/SINGAPORE: South-East Asian ride-hailing firm Grab on Monday said it will invest US$2bil (RM8.25bil) into Indonesia over five years using capital from Japan's SoftBank Group Corp, marking its biggest commitment in the region's most populous market.
The investment will go toward creating a next-generation transportation network and transforming how critical services, like healthcare, are delivered, Grab said in a statement.
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