Grab hits up Hyundai for funding

Jan 12, 2018 • Robert Lavine

Hyundai has invested an undisclosed sum in Grab's $2.5bn series G round, which includes SoftBank, Didi Chuxing and Toyota, as part of a strategic partnership.

Automotive manufacturer Hyundai has invested an undisclosed amount in Singapore-based ride hailing service Grab as part of a strategic partnership agreement the companies signed on Wednesday.

Grab’s on-demand ride platform reaches customers in Singapore as well as Indonesia, Malaysia, Thailand, Philippines, Vietnam, Burma and Cambodia, and it is also branching out into digital payment technology.

The investment will be added to a series G round Grab intends to close at $2.5bn. Telecommunications firm SoftBank and ride on-demand ride service Didi…

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