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

  • UK puts £3bn into new bus strategy
    March 16, 2021
    Daily fare caps, plus better coordination of multimodal services, are promised
    Read More
  • Toyota and Intel team up on next-gen in-vehicle systems
    March 23, 2012
    "The amount of information exchanged between cars and drivers is expected to increase due to expanding demand for traffic information, destination searches, radar cruise control and other driving support functions. In response, Toyota and Intel will conduct research on vehicle-driver interfaces that do not interfere with driving.
    Read More
  • ITS Australia appoints new president and board of directors
    November 27, 2017
    ITS Australia has announced Dean Zabrieszach will be replacing Brian Negus as its new president, supported by Dennis Walsh as vice president, and has also confirmed a new board of directors. New and re-elected board members include Dale Andrea – VicRoads, Chen Cai – Data61/ The Commonwealth Scientific and Industrial Research Organisation, James Hurnall – Federal Chambers of Automotive Industries, Mark Jackman – Robert Bosch Australia, Mark Jackman – Robert Bosch Australia and Jeff McCarthy
    Read More
  • Grab launches e-scooter service in Indonesia
    May 28, 2019
    Grab has joined forces with Sinar Mas Land to launch 50 electric scooters aimed at people travelling short distances in BSD (Bumi Serpong Damai) City in Indonesia. Sinar, a property developer, says the GrabWheels service is expected to be of interest to students and office workers travelling distances of 3-5km. Ongki Kurniawan, Grab Indonesia executive director, says the e-scooters can travel up to 15km per hour and can travel up to 40km when the battery is fully charged. Users can access the service
    Read More

Highlighted Content