Southeast Asian ride-hailing firm Grab on Monday said it will invest US$2 billion into Indonesia over five years using capital received from Japanese technology investor SoftBank Group. The investment will go toward creating a next-generation transportation network and transforming how critical services, like health care, are delivered, Grab said in a statement. “SoftBank will invest the US$2 billion into the country through Grab, to drive the digitisation of crucial services and infrastructure,” said Singapore-headquartered Grab. It said it will make the investment from the near US$3 billion capital raised in total from SoftBank. How Grab’s Tan Hooi Ling climbed her way to success Earlier on Monday, SoftBank Chief Executive Masayoshi Son told reporters his company was investing US$2 billion in Grab. He did not specify whether he was referring to fresh funds or money previously announced. SoftBank will also help Grab build a second headquarters in the Indonesian capital of Jakarta, Son said. In March, SoftBank put in nearly US$1.5 billion through its Vision Fund, as the Southeast Asian firm extended a fundraising drive ongoing since acquiring the Southeast Asian operations of US rival Uber Technologies last year. Grab could not be immediately reached for comment on Monday. In its statement, it said it has invested over US$1 billion in Indonesia since 2017.