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Tech & Product

Grab and NUS open AI Lab to Transform Cities and Transportation in Southeast Asia

  • New S$6 million joint lab to support cities with solving some of the region’s most pressing challenges, such as congestion and the liveability of cities
  • Grab – NUS AI Lab data reveals how travel time from Newton to Tanjong Pagar can be reduced by 1/3rd

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Business

Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

  • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
  • Grab expects to raise US$2.5 billion in total in current financing round
  • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia

Business

Grab Celebrates Fifth Anniversary and Significant User Milestones

  • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
  • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
  • Adds GrabNow, New Service to Digitise Street Hailing