Hyundai Canada

Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service

01/10/2018, Seoul / Singapore

  • Hyundai joins Grab’s latest Series G financing round
  • Investment to assistance Hyundai raise mobility use in Southeast Asia
  • Hyundai, Grab to rise mobility use height utilizing IONIQ model
  • Grab is Southeast Asia’s largest mobility use provider  

SEOUL / SINGAPORE, Jan. 10, 2018 – Hyundai Motor Company, South Korea’s largest automaker, and Grab, a heading on-demand travel and mobile payments height in Southeast Asia, currently announced a vital partnership that will raise Hyundai’s innovative destiny mobility services in Southeast Asia.

The vital partnership will assistance Hyundai try new opportunities in a pity economy and raise a capability to lead destiny mobility in one of a world’s fastest-growing markets, Southeast Asia.

The dual companies will jointly try ways to rise and yield innovative services to Southeast Asian customers, including a new mobility use height that will implement Hyundai’s eco-friendly models such as a IONIQ Electric.

“Hyundai’s vital investment in Grab outlines a commencement of an sparkling new partnership between a dual parties, bringing Hyundai one step closer to realizing a prophesy for destiny mobility. Grab’s imagination in a Southeast Asian marketplace joined with Hyundai’s eco-vehicle care will pierce innovative services to customers,’’ pronounced Dr. Young Cho Chi, Chief Innovation Officer and conduct of Strategy Technology Division, that was determined final year to spearhead Hyundai’s destiny innovation. “We will continue expanding partnership with heading mobility use providers in a world.”

Grab’s Series G financing outlines a company’s latest and largest fundraising turn and poignant investors including Didi Chuxing, SoftBank and Toyota Tsusho have participated in a appropriation together with Hyundai.

“As we pierce into a subsequent theatre of Grab’s growth, we demeanour brazen to collaborating closely with Hyundai to continue innovating new mobility solutions for Southeast Asia. We are gratified to acquire Hyundai to a tellurian network of vital partners, and we are assured that we have an fondness of clever partners to pull brazen into Grab’s subsequent proviso of long-term growth,” pronounced Anthony Tan, Group CEO and Co-founder of Grab.

Focusing on a ‘open innovation’ spirit, Hyundai has been bolstering a efforts to renovate people’s lives with disruptive technologies and services that manifest a visions for destiny mobility – clean, connected and leisure in mobility. Enhancements in mobility services embody car-sharing, -hailing and –pooling, all of that advantage users by pardon them from existent mobility limitations.

Hyundai has been enhancing a mobility services in world’s vital locations as it is committed to offer smarter value to business to cope with rapidly-shifting marketplace indication in automotive industry. Partnering with WaiveCar, Hyundai in Jan 2017 launched a car-sharing module that runs on promotion money, regulating IONIQ Electric indication in a U.S. In October, Hyundai non-stop a initial company-operated electric automobile pity use in civil Amsterdam, Netherlands and after in Nov handed over a initial swift of IONIQ hybrid models for a new Stadtauto (meaning ‘city car’) automobile pity use in Vienna, Austria. IONIQ is a world’s initial indication that offers 3 electrified powertrain-hybrid, plug-in hybrid and pristine battery electric – in a singular physique type.

Grab operates a largest travel network in Southeast Asia and is one of a many frequently used mobile platforms in a segment with over 3.5 million daily rides. The Grab app has been downloaded onto over 77 million mobile devices, giving passengers entrance to a region’s largest land travel swift comprising over 2.3 million drivers. Grab now offers private car, motorbike, taxi, and carpooling services opposite 8 countries and 168 cities in Southeast Asia.