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

  • Moving pictures: live-stream body-worn cameras hit Manila
    June 5, 2018
    Makati, the financial centre of the Philippines, is home to just half a million residents. However, the daytime population of Makati - one of 16 cities that make up the metropolitan Manila area – is estimated to be more than three times that. Home to the highest concentration of multi-national and local corporations in the Philippines, it is a commercial hub: 600,000 vehicles are thought to move through downtown Makati on a typical weekday. Maintaining traffic flow and responding quickly to incidents is the
    Read More
  • Voi suspends Coventry e-scooter service
    September 23, 2020
    Firm will add ID plates and tweak geofencing in UK city after 'anti-social' behaviour
    Read More
  • Intel investing in vehicles’ connected future
    November 30, 2012
    Prospects for a vision of vehicles fully connected to traffic information, safety and entertainment services are being boosted by a $100 million investment from Intel. Pete Goldin reports. Hear the name Intel and what comes to mind is processing power. What may not be realised is that Intel is positioned to become a major player in the automotive technologies market, including connected vehicle technology. To strengthen this position, the company’s investment arm, Intel Capital, has established a $100 milli
    Read More
  • Viettel Post to launch ride-hailing service in Vietnam
    June 27, 2019
    Viettel Post has developed a ride-hailing app for riders in Vietnam called MyGo for car, motorbike, delivery and transport services. A report by Vietnam+ says the postal and delivery company will add transport services by truck to its app and will aim to avoid increasing prices during peak hours. The company is now seeking driver partners on the run-up to its official launch in July. South-east Asia is fertile ground for mobility services: in January, FastGo launched its ride-hailing, delivery and cater
    Read More

Highlighted Content