Ride-hailing

Gojek corals investors from the Mitsubishi Keiretsu

Investment by Mitsubishi Motors, Mitsubishi Corp and Mitsubishi UFJ Lease & Finance includes partnership in mobility and consumer services. Gojek is targeting close to $2.5 billion from its Series F fundraiser.

Ride-hailing app Gojek said on Monday that is has won investment from Japan’s Mitsubishi group of companies, boosting its firepower for its fight with Singaporean rival Grab.

Mitsubishi Motors and Mitsubishi Corp and Mitsubishi UFJ Lease Finance each invested in Gojek, a Southeast Asian platform spanning ride-hailing to payments, as part of the Jakarta-headquartered firm’s ongoing Series F funding round.

Gojek is looking to raise close to $2.5 billion from this round of fundraising, a person familiar with the matter told FinanceAsia.

For Gojek, this capital will go towards connecting more customers to millions of drivers, merchants, and service providers...

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