Grab is gradually becoming a real threat to Uber in?ride-sharing market?in?Southeast Asian. The company now runs business?in 87 cities across seven countries, and just newly got?an investment from Toyota which will see the two companies team up?on research.
Toyota will invest an undisclosed amount as part of Grab’s Series G funding round. Grab plans to raise $2.5 billion, and has?already got?$2 billion?from SoftBank and Didi Chuxing, Uber’s onetime Chinese rival. But the deal with Toyota includes more than just a promise of cash.
Grab will also share data with Toyota?on the driving patterns of 100 Toyota cars in its fleet. The data will be analyzed by Toyota and used to improve the automaker’s services, as well as Grab’s own app platform, Grab said.?Toyota is getting more aggressive in?tech investments,?recently starting an investment to focus on?autonomous driving, AI, and other important?areas.
Toyota isn’t the first automaker build partnership?with Grab. Honda also invested an undisclosed amount last year. At that?time, Grab said the two companies were working closely on motorcycles.
As Uber is going to?get a relief?from a series of scandals?under a new CEO, the company is losing market shares?abroad. Last year, the American company?sold its Chinese operations to its rival Didi?Chuxing, and?recently?it also?had to agree?to merge its Russian operations?with local firm Yandex. Could Grab force a similar withdrawal from Southeast Asia?