M'bishi Motors to Invest in Indonesian Ride-Hailing Giant

Economy

Tokyo, July 8 (Jiji Press)--Japanese automaker Mitsubishi Motors Corp. <7211> said Monday that it and trading house Mitsubishi Corp. <8058> are investing in Indonesian ride-hailing giant Gojek.

The total amount of investments is not disclosed but is believed to be in the scale of several billion yen.

The three companies will discuss joint services such as food deliveries and ride-hailing via smartphone in Southeast Asia, mainly in Indonesia.

Mitsubishi Motors is expected to provide vehicles for the services.

"We believe that the accumulation of know-how of new mobility services that are rapidly spreading in the region and the opportunity to enter the market will contribute to the growth of the Southeast Asian market in the future," Mitsubishi Motors Chairman Osamu Masuko said in a statement.

[Copyright The Jiji Press, Ltd.]

Jiji Press