Grab raises $30m for GrabWheels unit from Taiwanese automaker

REUTERS/Iqro Rinaldi

Singapore-headquartered ride-hailing major Grab has secured $30 million in funding for its new mobility arm, GrabWheels, from Taiwan-based automaker KYMCO.

Grab issued a statement confirming the funding on Thursday hours after we first reported the development. We had in November also reported the decacorn’s ongoing talks to secure funding for the unit.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter