Toyota puts $1bn into ride-hailing service Grab

Toyota Motor Corporation is investing $1 billion in Grab Holdings, the Singapore-based ride-hailing platform provider. Grab, which has merged with Uber in south-east Asia, offers services which use a variety of transport modes, from bicycles and shuttle buses to cars and taxis. The companies say Toyota’s investment means they will also “strengthen and expand their existing collaboration in the area of connected cars, to drive the adoption of new mobility solutions across south-east Asia”.
June 15, 2018 Read time: 2 mins
1686 Toyota Motor Corporation is investing $1 billion in Grab Holdings, the Singapore-based ride-hailing platform provider.


Grab, which has merged with Uber in south-east Asia, offers services which use a variety of transport modes, from bicycles and shuttle buses to cars and taxis.

The companies say Toyota’s investment means they will also “strengthen and expand their existing collaboration in the area of connected cars, to drive the adoption of new mobility solutions across south-east Asia”.

Connected car services include telematics-based insurance, which “may reduce the cost of insurance premiums for safer Grab drivers”.

Shigeki Tomoyama, president of Toyota’s in-house Connected Car Company, said: “Going forward, together with Grab, we will develop services that are more attractive, safe and secure for our customers in south-east Asia.”

A Toyota executive will be appointed to Grab’s board of directors and “a dedicated Toyota team member will be seconded to Grab as an executive officer”, the companies added.

Grab’s current services include car and taxi services JustGrab and GrabShare.

It has also introduced GrabAssist, designed for people with limited mobility, with vehicles accommodating foldable wheelchairs, walkers and collapsible scooters.

Grab says its app has been downloaded into over 100 million mobile devices.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Bolt launches dockless e-scooters in Madrid
    April 2, 2019
    Bolt, the ride-share company which was formerly called Taxify, has launched electric kick scooters in central Madrid. The firm piloted the vehicles in Paris last year – making it the first to combine scooter sharing and ride-hailing together in one mobile app, Bolt claims. “Beating the traffic is a big issue in cities like Madrid and a lot of trips are much more efficiently covered with an electric scooter rather than a car with a driver,” says Markus Villig, CEO and co-founder of Bolt. He says the dep
    Read More
  • Ukraine: how ITS works in a war zone
    November 28, 2023
    Russia’s invasion of Ukraine has cost thousands of lives and devastated much of the country. Ertico – ITS Europe hosted a webinar in which some key players in Ukraine’s ITS community – Kyiv Digital, TomTom and Uber - shared their extraordinary stories. Adam Hill listened in…
    Read More
  • Aurora to develop AV tech with Reinvent 
    August 3, 2021
    Aurora to apply autonomous tech to trucking and transportation 
    Read More
  • Toyota chooses Telenav's in-car navigation
    August 3, 2015
    Automaker Toyota has opted to use Scout GPS Link by Telenav and UIEngine Link by UIEvolution in its 2016 Toyota Tacoma, as well as other 2016 Toyota vehicles in the United States equipped with Entune Audio Plus. Part of the Scout family of apps by Telenav, Scout GPS Link allows users easily to transfer the information displayed on their mobile device outside the car to the multimedia display inside their car. This not only helps provide an optimised and safe experience with larger buttons and easier-to-
    Read More

Highlighted Content