Go-Jek has added another investment into its ongoing Series F round from multiple Mitsubishi entities.
The Japanese company’s entities who have co-invested are Mitsubishi Motors Corporation and Mitsubishi Corporation, and investment by Mitsubishi UFJ Lease & Finance.
Besides the funding, the three entities of Mitsubishi also plan to tap into Go-Jek’s expertise and presence in the mobility and consumer services market in the region.
In an official statement Go-Jek said the fresh fund will “enable Go-Jek to scale its strategy and benefit more people in the region, leveraging Southeast Asia’s growing mobile-first population and rapidly expanding digital economy”.
“These partnerships and commitments enable us to continue growing our products and services to reach more people and create greater value in the region,” Go-Jek’s Group President Andre Soelistyo said.
Osamu Masuko, Chairman of Mitsubishi Motors Corporation, said: “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 potential together, we foresee the creation of large synergies and innovation that will boost the growth of the three parties.”
Meanwhile, Takahiro Yanai, President and CEO, Mitsubishi UFJ Lease & Finance, expressed that the investment the company made looks at the exploration of new business models centering on digital and mobility fields, through the pooling of wide range functions, knowledge, and knowhow
Mitsubishi Corporation invested in Go-Jek’s first Series F in February 2019.