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Softbank Prepares IDR 2 Trillion for Electric Car Investment in Indonesia
Chika JIC

Softbank has been actively investing in several countries in the world, one of which is Indonesia. Softbank CEO Masayoshi Son expressed his commitment to enter Indonesia when he met with President Joko Widodo at the State Palace. Masayoshi Son said Softbank wanted to re-invest US $ 3 billion or equivalent to Rp 42 trillion in Indonesia over the next three years. That is because Masayoshi wants Jakarta's sky to be blue or pollution-free, grab headquarters, and develop a national startup. Masayoshi said that Softbank has so far invested US $ 2 billion or equivalent to Rp 28 trillion (exchange rate of Rp 14,000) in Indonesia. That way, the total investment of Softbank will be US $ 5 billion.

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan added that Masayoshi wants more investment in Indonesia especially for electric vehicles, lithium batteries and other platforms for electric car infrastructure. Additional investment of US $ 2 billion with an additional option of US $ 1 billion will also be used to build Grab headquarters in Indonesia and to Tokopedia. Tokopedia CEO William Tanuwijaya said investment from Softbank would be used to develop Tokopedia technology and artificial intelligence (AI) in Indonesia. One that will be developed by Tokopedia, is a smart warehouse or smart house and smart logistics. Smart warehouse built to accelerate the flow of goods delivery of e-commerce products.

Grab itself will direct the investment to the development of a new generation of transportation networks and develop services. Such as health services. Grab itself has raised nearly US $ 3 billion in capital from Softbank and its Vision Fund. Softbank will help Grab build a second head office in the Indonesian capital city of Jakarta. Grab said the two companies will invest to create a transportation network for Indonesia based on electric vehicles. Grab will also use the money to launch e-healthcare services to increase access to doctors and medical services.