Hyundai invests in Grab

Hyundai invests in Grab

In a statement issued today (11 January), Grab said: “The two companies will jointly explore ways to develop and provide innovative services to Southeast Asian customers, including a new mobility service platform that will utilize Hyundai’s eco-friendly models such as the IONIQ Electric.”

The statement added: “Grab’s Series G financing marks the company’s latest and largest fundraising round and significant investors including Didi Chuxing, SoftBank and Toyota Tsusho have participated in the funding together with Hyundai.”

Grab is one of the most frequently used mobile platforms in the Southeast Asia region with over 3.5 million daily rides. The Grab platform now offers private car, motorbike, taxi, and carpooling services across 8 countries and 168 cities in Southeast Asia.

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