Go-Viet, a partner receiving technology investment and skilled training from Go-Jek, will launch a motorbike transportation technology service pilot project in Ho Chi Minh City, which might be Go-Jek’s first step in its expansion in Southeast Asia.
Go-Jek, through Go-Viet, expedited the ultimate launch procedures.
Initially, Go-Jek will provide customer transport services by automotive and motorcycle, after which it can launch other services, i.e. Go-Food, Go-Max and Go-Life.
Go-Jek’s entry into Vietnam is anticipated to learn each customers and drivers, breaking Grab’s dominance.
According to FOR sources Go-Viet offers quite a few advantages to draw drivers, including former Uber drivers. Notably, the corporate will provide drivers with free uniforms and an expected amount of VND29,000 ($1.27) per route in toll support.
Vietnam is chosen as the primary destination in Go-Jek’s technique to expand its operations to Thailand, Vietnam, Singapore and the Philippines with a complete investment capital of USD 500 million.
Founded in 2010, Go-Jek is a number one passenger transportation application provider in Indonesia. In addition to passenger transportation, it offers digital payments, food delivery, logistics and on-demand services in its home market of Indonesia. It claims to have greater than 900,000 registered drivers nationwide and handles greater than 100 million transactions per thirty days.
In early 2018, Go-Jek was valued at $5 billion after rumors circulated that the corporate had raised investment capital from Google, JD.com, KKR, Warburg Pincus and Tencent. Go-Jek’s valuation is on par with Grab.
