The two companies will jointly explore ways to develop and provide innovative services to Southeast Asian customers, including a new mobility service platform that will utilise Hyundai's eco-friendly models such as the Ioniq Electric.
"As we move into the next stage of Grab's growth, we look forward to collaborating closely with Hyundai to continue innovating new mobility solutions for Southeast Asia," says Anthony Tan, group CEO and co-founder of Grab.
Grab's latest and largest US$2.5 billion Series G fundraising round last July saw significant investors like Didi Chuxing, SoftBank and Toyota Tsusho participating in the funding together with Hyundai.
