The latest investment means Astra has invested US$250 million into Go-Jek 

Astra International, one of the most notable Indonesia’s conglomerate, announced that it will form a joint venture with Go-Jek with the purpose of accelerating the four-wheel ride-hailing business and increase the availability of such online transportation for the public.

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Astra also announced that it has invested US$100 million fresh funding in Go-Jek’s, making its investment totaling US$250 million so far into the ride-hailing giant.

“The joint venture and Astra’s participation in Go-Jek’s Series F funding reflect our trust in the company and to form a business synergy with Astra’s automotive arm. The end goal is to let public enter the formal economy sector so that there would be evenly distributed wealth in the society and for a better country’s economy,” said President Director of Astra International Prijono Sugiarto.

Indonesia has been on a roll these past three years with records showing that its digital economy experienced 49 per cent growth and is expected to reach US$100 billion in 2025.

“We hope to jump on the wagon with this growth the country is having and to open more opportunities in the society to gain income and increase the society’s wealth,” said Chief Executive Officer and Founder of Go-Jek Nadiem Makarim.

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This joint venture is said to provide thousands of fleets with transportation management system supported by Astra FMS (Fleet Management System). Combined with ride-hailing technology that Go-Jek brings, especially Go-Car, the company will provide opportunities to its partners to open a door-to-door, quality online transportation with decent income through Go-Car.
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