Indonesian ride-hailing firm Go-Jek is coming to Singapore for sure -- in the next four months.

They will also be entering other Southeast Asian markets -- Vietnam, Thailand and the Philippines.

The firm announced on Thursday, May 24 that it will invest around US$500 million (S$672 million) for the move.

Currently, the only ride-hailing firm operating in Singapore after Uber's recent exit in April is Grab.

Offering other services in the future

While Go-Jek will start with ride-hailing services first, the firm is aiming to offer its other services in Indonesia to its new markets as well.

According to Channel NewsAsia, the firm is also planning to collaborate with local companies, which will run the companies that Go-Jek helped set up.

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Regarding the tie-up, Go-Jek CEO and founder Nadim Makarim said:

"Our role will be to act as advisors, giving the new companies the benefit of our operational and development experience so they can take the spirit with which we created Go-Jek and find the best way to achieve that locally."

He added that the move will be good for consumers in the region.

He said:

"People in Vietnam, Thailand, Singapore and the Philippines don't feel that they're getting enough (choice) when it comes to ride-hailing."

Go-Jek is one of Southeast Asia's seven so-called unicorns -- start-ups valued at over US$1 billion (~S$1.3 billion).

Four unicorns are headquartered in Singapore. They are Grab, Lazada, SEA Ltd. (formerly known as Garena), and Razer.

Top image via Go-Jek Indonesia/YouTube

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