Japan manufacturer Yamaha Motor Co., Ltd. and Grab Holding Inc., Southeast Asia’s online-to-offline (O2O) platform, have agreed to form a strategic partnership in motorcycle ride-hailing service within the Southeast Asian region, with a focus on Indonesia. Yamaha will invest US$150 million into Grab.
In August, Grab has raised $2 billion for its current round of financing. Last June, Toyota Motor Corporation also announced to invested as much as US$1 billion in the ride-hailing provider.
