Tokyo: Mitsubishi Motors Corporation (MMC) has announced that it is investing in Go-Jek, a leading on-demand multi-service platform in Southeast Asia, together with Mitsubishi Corporation.
"The three parties have signed a memorandum of understanding to discuss joint projects to create value from new mobility services in Southeast Asia," MMC said in a press statement released on Monday.
Indonesia-based Go-Jek provides an app which fulfills users' daily needs such as transportation, food delivery and e-payment by utilizing their on-demand mobile platform, and is rapidly expanding not only in Indonesia but also other Southeast Asian countries.
In this region where MMC and Mitsubishi Corporation have focus competitiveness, both companies will leverage the Go-Jek platform and study possibilities for various new mobility services.
"Go-Jek is proud to be partnering with Mitsubishi Motors Corporation and Mitsubishi Corporation. Both companies with long-standing track records in delivering reliable and quality products, services, and technology to customers around the world. This investment is testament to the strength of the Gojek vision to use technology as a means to improve the everyday lives of people in Southeast Asia," Andre Soelistyo, President of Go-Jek Group, was quoted as saying
With growth of local societies in Southeast Asia, MMC has been in business for more than 50 years in the region while striving for better lifestyle for customers.
"We are also truly excited to be a strategic partner. Bringing Mitsubishi Motors and Mitsubishi Corporation's long and strong presence and brand power in Southeast Asia, as well as Go-Jek's diversified and unique business potentials together, we foresee creation of big synergies and innovation that boost growth of the three parties. 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," Osamu Masuko, chairman of MMMC, was quoted as saying.
Financial terms of the investment in Go-Jek are not being disclosed.