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Indonesian Gojek Needs All Automobiles In His App To Be Electrical By 2030 • MV TELEGRAPH

Indonesian ride hail app Gojek has announced plans to turn every car and motorcycle on its platform into an electric vehicle (EV) by 2030 in an ambitious

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Grab Target Profitability by 2024; Optus Must Pay to Replace IDs, Say Australia

Today: Grab plan to be profitable by 2024; Australian tell Optus to pay for hack victims' new IDs; Apple allow NFT trading on the App Store.

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Indonesian Ride-Hailing Giant Gojek Wants to Make Every Vehicle on Its App Electric by 2030

Dubbed the "Three Zeros" agenda, the company aims to reach zero emissions, zero waste and zero socio-economic barriers by the end of the decade, co-founder and co-CEO Kevin Aluwi told CNBC.
The plans will see the 11-year-old company invest in a series of EV pilot programs across Southeast Asia, as well as launching a "world-first" in-app carbon offsetting feature. However Aluwi said the plans would also require external support.
"We're definitely going to put our money where our mouth is," said Aluwi. "But it goes without saying that it's impossible for us to be driving this solely," he continued, highlighting the need for public and private collaboration to build the supporting infrastructure.

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Indonesian ride-hailing giant Gojek wants to make every vehicle on its app electric by 2030

Indonesian ride-hailing giant Gojek wants to make every vehicle on its app electric by 2030
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Grab's Not Yet Profitable, But Investors May Give It 'Leeway' to Invest in New Growth Areas, Analysts Say – NBC Connecticut

"There's obviously a growing scrutiny from investors about a path to profitability," White told CNBC's "Squawk Box Asia" on Wednesday. But there has been a shift in investor sentiment from a singular focus on growth and market share gains to a more balanced approach, he said.
While still focused on breaking even, investors
will likely also give the Southeast Asian ride-hailing firm more leeway to invest in new product categories, said White.
Singapore-headquartered Grab announced on Tuesday it will go public through a merger with Altimeter Growth Corp. — a deal set to value the ride-hailing company at $39.6 billion. It was the world's largest blank-check merger involving special purpose acquisition companies, which are set up to raise money to buy private companies.

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Grab's Not Yet Profitable, But Investors May Give It 'Leeway' to Invest in New Growth Areas, Analysts Say – NBC 5 Dallas-Fort Worth

Grab is set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the ride-hailing company at $39.6 billion.

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Grab's not yet profitable, but investors may give it 'leeway' to invest in new growth areas, analysts say

Grab's not yet profitable, but investors may give it 'leeway' to invest in new growth areas, analysts say
CNBC
5 hrs ago
Saheli Roy Choudhury
Grab on Tuesday announced it will go public through a SPAC merger with Altimeter Growth Corp., in a deal that will value the ride-hailing company at $39.6 billion.
The Southeast Asian company as a whole is still not profitable — it lost $800 million in 2020 on an EBITDA basis and projected a $600 million loss for this year, according to regulatory filing.
But the market is likely to give the company some leeway to invest in new products and categories, according to D.A. Davidson analyst Tom White.

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SoftBank-Backed Grab Agrees to Deal to Go Public in World's Largest SPAC Merger

Grab says it intends to list on the Nasdaq under ticker symbol GRAB following the deal's completion.
Special purpose acquisition companies are shell companies set up to raise capital to acquire private companies. A SPAC listing bypasses Wall Street's traditional IPO process.
As part of the deal, SoftBank-backed Grab will receive about $4.5 billion in cash, which includes $4 billion in a private investment in public equity arrangement, managed by BlackRock, Fidelity, T. Rowe Price, Morgan Stanley's Counterpoint Global fund and Singapore's sovereign wealth fund Temasek. PIPEs are mechanisms for companies to raise capital from a select group of investors that make the final market debut possible through their financing.

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SoftBank-Backed Grab Agrees to Deal to Go Public in World's Largest SPAC Merger

SoftBank-Backed Grab Agrees to Deal to Go Public in World's Largest SPAC Merger
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SoftBank-backed Grab in talks to go public in nearly $40 bln SPAC deal - sources

Grab Holdings Inc is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40…

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