Hyundai joins Didi, SoftBank to invest in SEA ride-hailing firm Grab

Grab taxi. Photo: Bloomberg

Hyundai Motor Company, South Korea’s largest automaker, has made a strategic investment in Singapore-based Grab, which provides on-demand transportation and mobile payment services in Southeast Asia.

Part of a Series G financing round – its latest and largest capital raising exercise to date – the deal will see Hyundai Motor establish a partnership with Grab and expand its future mobility services in Southeast Asia.

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