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SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure

PC Lee
PC Lee • 2 min read
SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure
(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.
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(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.

In particular, Grab and SoftBank will create a next-generation transport network for Indonesia based around an electric vehicle (EV) ecosystem.

Both companies will also develop geo-mapping solutions for Indonesia, to drive the country’s development and adoption of future technologies.

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