Toyota Investing $1 Billion In Grab, To Push ‘New Mobility Technologies’
June 14, 2018
Southeast Asian ride-hailing service Grab received a $1 billion investment from Toyota Motors, the Japanese company announced Wednesday. The two companies have already been collaborating since August 2017 for “developing connected services for Grab” and the new investment will strengthen that cooperation “to accelerate development of new mobility technologies,” Toyota said.