Toyota invests $1B in Grab

techcrunch.com

The deal values Grab at over $10 billion and is the largest bet from an auto maker on a ride-hailing firm to date. The deal is the perfect tonic to Go-Jek's plan to expand in Southeast Asia. Yes, Go-Jek has succeeded in Indonesia and is ambitiously eying the rest of the market, but Grab is not only dominant, it is also adding impressive strategic investors to a line-up that already includes SoftBank, Didi Chuxing, Hyundai and now Toyota -- although Toyota did previously invest via a fund this is from the parent firm itself. On that note about useful investors, Grab is said to be in talks with Didi about collaborating on self-driving cars.

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