Grab

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This is on top of a US$700 million pledge in 2017, as part of Grab’s master plan for Indonesia.

Grab drivers using the new EVs will get to enjoy preferential charging and parking rates, starting next year.

Last week in Indonesia’s tech industry.

The move shows how Grab thinks about its business diversification.

Uber left Southeast Asia a few months ago, which put 500 employees out on the market.

It looks like a lot of startup deals are in the making, especially in Indonesia’s fintech space.

The new round would value Grab at roughly $11 billion, one of the people told WSJ.