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

  • Utah DoT and Panasonic get connected
    August 30, 2019
    Utah is making smart roadways a priority and has entered a partnership with Panasonic to move things forward. Adam Hill asks Utah DoT to outline where the state is heading Utah Department of Transportation (UDoT) has form when it comes to connectivity. It built the first operational connected vehicle corridor in the US – and has now joined up with Panasonic to extend its operation. “When we work with technology providers, we are working together to get that win-win,” says Carlos Braceras, UDoT executi
    Read More
  • Toyota developing new map generation system
    December 24, 2015
    To aid the safe implementation of automated driving, Toyota is developing a high-precision map generation system that will use data from on-board cameras and GPS devices installed in production vehicles. The new system will go on display at CES (Consumer Electronics Show) 2016 in Las Vegas from 6-9 January.
    Read More
  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
    Read More
  • Here’s HD AV map prepared for 5G
    June 17, 2019
    The emergence of 5G may not be necessary to provide a high-definition map for autonomous driving, says Matt Preyss from Here Technologies. Ben Spencer asks why 5G is a hot topic worldwide, with the potential for faster transfer of information eagerly awaited by those convinced that it will be a game-changer for the ITS industry. High-definition (HD) maps are essential to allow autonomous vehicles (AVs) to understand their environment, and operate safely within it in relation to other road users and p
    Read More

Highlighted Content