Toyota has announced it’s strengthening its partnership with mobile platform company Grab Holdings to “drive further advances in Mobility as a Service across the region”.
The company says that, as part of this agreement, Toyota will invest US$1 billion in Grab, expanding their collaboration in Southeast Asia
Grab operates online-to-offline mobile platforms in transportation, food and package delivery, mobile payments and financial services in 217 cities in eight Southeast Asian countries. In March this year, it acquired Uber’s Southeast Asian assets, and Toyota says it’s now the “partner of choice” for ride-hailing in the region.
Since August 2017, Toyota and Grab have been developing connected services for Grab utilising driving data collected by Toyota’s TransLog data-transmission driving recorder which has been installed in 100 Grab rental cars. The data collected is stored on Toyota’s proprietary mobility services platform, which serves as a form of information infrastructure for connected vehicles. Both companies have already begun collaboration in the field of connected vehicles including providing driving-data-based automotive insurance for Grab’s rental fleet in Singapore through local insurance companies.
Toyota says its initial success with Grab led them to expand their collaboration, which is aimed at achieving connectivity for Grab’s rental car fleet across Southeast Asia, and at rolling out various connected services throughout the region that utilise vehicle data stored on Toyota’s MSPF. In addition, the company says, collaborations in driving-data-based automotive insurance, financial services for Grab drivers and maintenance services are also contemplated under the new partnership.
Through this new agreement, Toyota and Grab plan to shift into full-scale implementation of services they have been developing to customers in Southeast Asia. The two companies will look for future collaborations aimed to achieve more-efficient ride-hailing businesses and for developing future mobility service solutions and MaaS vehicles.