On Thursday, a two-wheel vehicle service, in the modern residential areas of BSD City in South Tangerang, Banten, Indonesia. App users can rent the electric scooters by scanning the barcode on the vehicles’ parking spots with their smartphones and currently, there are five GrabWheels parking spots in the office park compound in the BSD City.
Even though GrabTaxi Holdings Pte. Ltd. is a Singapore-based technology company, Indonesia is Grab’s largest market and its target to double the number of micro-entrepreneurs in its system this year in Indonesia, in which Grab has secured US$1.46 billion from Japanese venture capital firm SoftBank in March even Anthony Tan (CEO Grab) has recently been spending more than 70% of his time in Indonesia. Indonesia accounts for 40% of Southeast Asia’s GDP; it’s a marketplace for investors, not for expats.
Grab aims to expand its Indonesian network of merchants, agents and drivers of at least 4.5 million individuals to 9 million by the end of the year and its contributed US$3.3 billion to Indonesia’s informal economy last year in the form of additional income for drivers and food merchants. The contribution comes from the company’s three business units: GrabBike, GrabCar, and GrabFood.