TOKYO, July 8, 2019 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) has announced that it is investing in GOJEK, 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.
GOJEK, based in Indonesia 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 Mitsubishi Motors and Mitsubishi Corporation have focus competitiveness, both companies will leverage the GOJEK platform and study possibilities for various new mobility services.
"GOJEK is proud to be partnering with Mitsubishi Motors Corporation and Mitsubishi Corporation." said Andre Soelistyo, President of GOJEK Group. "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."
Osamu Masuko, chairman of Mitsubishi Motors, said: "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 GOJEK'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."
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. It will continue to contribute to the region by creating and providing new values.
Financial terms of the investment in GOJEK are not being disclosed.
GOJEK Group is Southeast Asia's leading on-demand multi-service platform technology group, providing access to a wide range of services from transportation and payments to food delivery, logistics and other on-demand services. The GOJEK app was launched in January 2015 to provide motorbike delivery and ride-sharing services, and has rapidly expanded to meet the diverse needs of Southeast Asian consumers. Today, it is an integrated technology group that operates a number of platforms and businesses that are embedded in many aspects of the average Southeast Asian's daily life.
The Group was founded on the principle of using technology to improve the lives of people, by providing them access to products and services, helping to create more value for society, improving efficiency and productivity, and boosting financial inclusion.
About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.
For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.
About Mitsubishi Motors
MITSUBISHI MOTORS CORPORATION is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in MITSUBISHI MOTORS' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, MITSUBISHI MOTORS introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline -- a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today MITSUBISHI MOTORS is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705
Public Relations Department
July 8, 2019 11:36 HKT/SGT
Source: Mitsubishi Motors / Mitsubishi Corporation
Mitsubishi Corporation (TSE: 8058)
Topic: Press release summary
From the Asia Corporate News Network
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