Toyota investing $1 billion in Asian ride-share firm Grab

If you have ever been to Southeast Asia over the past couple of years then you would have heard about Grab. It’s the leading ride-hailing service in the region, one that gave Uber a tough time and eventually caused it to exit the market. Grab has now received a vote of confidence from Toyota in the form of a $1 billion capital injection as part of its latest funding round. Grab is raising a new round of funding which is led by Toyota’s contribution of $1 billion. The deal values Grab at $10 billion, according to reports.Toyota is going to get a board seat in return as well as the opportunity to position an executive in Grab’s team. Grab says that it will work with Toyota to “create a more efficient transport network that will ease traffic congestion in Southeast Asia’s megacities.”This is the first time that Toyota is directly investing in Grab. It did pour some money into the company indirectly last year through its Next Technology Fund. Grab offers in service in some of the b

Toyota investing $1 billion in Asian ride-share firm Grab

Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the "mobility" sector.

Wed 13 Jun 18 from Phys.org

Toyota captures data goldmine in $1 billion Grab bet

TOKYO/SINGAPORE (Reuters) - By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking ...

Wed 20 Jun 18 from Reuters Technology

Toyota Invests $1 Billion In Ride-Hailing Service Grab

If you have ever been to Southeast Asia over the past couple of years then you would have heard about Grab. It’s the leading ride-hailing service in the region, one that gave Uber a ...

Wed 13 Jun 18 from Ubergizmo

Toyota invests $1 billion in one of Asia's biggest ride-sharing companies

Who knew that ride-sharing investments would become a large facet of Toyota's business strategy. The automotive giant has stakes in Uber, competitor Japan Taxi, and now, it's ...

Wed 13 Jun 18 from Engadget

Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

SINGAPORE (Reuters) - Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia's Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional ...

Wed 13 Jun 18 from Reuters Technology

Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab

SINGAPORE (Reuters) - Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched ...

Wed 13 Jun 18 from Reuters Technology

Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which ...

Tue 12 Jun 18 from TechCrunch

Toyota invests $1 billion in ride-hailer Grab

The company is calling it the largest-ever investment globally by an automotive manufacturer in the ride-hailing sector. The Japanese car giant is pumping $1 billion into the Singapore-headquartered ...

Wed 13 Jun 18 from Fastcompany Tech

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