JAKARTA, Oct. 3 (Xinhua) -- Indonesian technology company PT GoTo Gojek Tokopedia received an investment of 150 million U.S. dollars from the International Finance Corporation (IFC), a unit of the World Bank Group that focuses on the private sector in developing markets.
The investment allocation includes switching to electric vehicles and integrating carbon-neutral business practices, GoTo Group CEO Patrick Walujo said on Tuesday.
IFC Country Manager for Indonesia and Timor-Leste, Euan Marshall, said that this investment displayed the technology and digital sector's commitment to raising people's quality of living and fostering sustainable economic growth.
GoTo, which was listed on the Indonesia Stock Exchange in April 2022, is the result of the merger of unicorn startup businesses Gojek and Tokopedia. ■