Grab secures $300m to expand presence in South-east Asia
Grab has received $300 million to further accelerate its expansion in South-east Asia.
Justin Leverenz, senior portfolio manager at Invesco – the company which has put up the cash - says the investment will support Grab in its “bringing more everyday services, greater accessibility and convenience to users in South-east Asia”.
Earlier this year, Grab began working with property developer Sinar Mas Land to deploy electric scooters in Indonesia and to help strengthen BSD (Bumi Serpong Damai) city’s posi
July 9, 2019
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Grab has received $300 million to further accelerate its expansion in South-east Asia.
Justin Leverenz, senior portfolio manager at Invesco – the company which has put up the cash - says the investment will support Grab in its “bringing more everyday services, greater accessibility and convenience to users in South-east Asia”.
Earlier this year, Grab began working with property developer Sinar Mas Land to deploy %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external electric scooters falsehttps://www.itsinternational.com/categories/utc/news/grab-launches-e-scooter-service-in-indonesia/falsefalse%>in Indonesia and to help strengthen BSD (Bumi Serpong Damai) city’s %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external positionfalsehttps://www.itsinternational.com/categories/utc/news/grab-enters-smart-city-agreement-with-sinar-mas-land-in-indonesia/falsefalse%> as an integrated smart digital city.
Last June, 1686 Toyota%$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external investedfalsehttps://www.itsinternational.com/categories/utc/news/toyota-puts-1bn-into-ride-hailing-service-grab/falsefalse%> $1bn in Grab to collaborate on connected cars and to promote the adoption of new mobility solutions across South-east Asia.
Bike-share and electric scooter company Lime has launched a ‘free-floating’ car-share service in Seattle and intends to make 1,500 vehicles available in early 2019.
Bloomberg says the company has deployed 50 Lime-branded vehicles and intends to increase this number to 500 by the end of the year.
Users can unlock a LimePod vehicle, a customised two-door Fiat 500, via the company’s app for $1 and are charged 40 cents per minute while driving.
Toby Sun, Lime’s chief executive officer, says the company is a
InDriver has launched its ride-hailing service in Johannesburg, South Africa, which allows the driver and rider to negotiate lower fares.
A report by IT News Africa says drivers can use the InDriver app to accept or ignore offers as well as negotiate for a higher price.
Rifqa Carr, InDriver spokesperson says: “Drivers have the freedom to choose whichever ride request they like, without any risk of being penalised. They’re also able to see the full fare, from point A to point B, and can then decide
InDriver has launched its ride-hailing app in New York City (NYC) which allows the driver and passenger to negotiate lower fares.
The app allows users to set a fare for a selected route. Nearby drivers receive the destination and fare and can either accept or bargain for more money. The passenger receives multiple offers from drivers, allowing them to make a choice based on fare amount, driver ratings, estimated time of arrival and vehicle make/model.
The service is available to communities in Brooklyn,
Ride-hailing company Lyft has recalled 3,000 electric bikes from cities in the US because of concerns over their braking systems.
The brands affected are Citi Bike in New York, Capital Bikeshare in Washington, DC, and the Bay Area’s Ford GoBike.
A similar statement on each company’s website says: “We recently received a small number of reports from riders who experienced stronger than expected braking force on the front wheel. Out of an abundance of caution, we are proactively removing the pedal-assi