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Toyota Motor to invest US$1bil in ride-hailing firm Grab


  • Tech News
  • Wednesday, 13 Jun 2018

The investment by Toyota is the largest-ever by an automaker in the global ride-hailing sector, the six-year old startup said in a statement.  — Reuters

The investment by Toyota is the largest-ever by an automaker in the global ride-hailing sector, the six-year old startup said in a statement. — Reuters

SINGAPORE: Toyota Motor Corp has agreed to invest US$1bil (RM3.99bil) in South-East Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc. 

The investment by Toyota is the largest-ever by an automaker in the global ride-hailing sector, the six-year old startup said in a statement on June 13. 

Toyota , Grab , ride hailing , autonomous car

   

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