financetom
Business
financetom
/
Business
/
Grab invests in May Mobility as robotaxi startup expands to Southeast Asia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Grab invests in May Mobility as robotaxi startup expands to Southeast Asia
Oct 23, 2025 5:35 AM

*

May Mobility to integrate self-driving tech into Grab's

systems

*

Deal marks startup's third ride-hailing partnership

*

GrabMaps to aid May Mobility's Southeast Asia expansion

Oct 23 (Reuters) - May Mobility said on Thursday it has

secured a significant equity investment from Singapore-based

ridehailing firm Grab, as part of the robotaxi

startup's move to expand in Southeast Asia next year.

The startup's self-driving technology will be integrated

into Grab's fleet management, vehicle matching, and routing

systems.

The deal is a step toward the commercial deployment of

robotaxis globally, creating a blueprint for how self-driving

taxis are managed within existing ride-hailing platforms.

May Mobility declined to provide further details on Grab's

equity stake in the startup.

This is May Mobility's third partnership in the ride-hailing

industry, following its recent tie-up with Lyft ( LYFT ) to

launch self-driving cars in Atlanta, and an upcoming rollout

with Uber ( UBER ) in the United States.

May Mobility, which began commercial rides earlier this year

in the U.S. without the presence of a human driver, will

leverage GrabMaps - Grab's mapping technology - to study

Southeast Asian roads to ensure safe deployment.

GrabMaps uses artificial intelligence to process data from

Southeast Asian cities to deliver accurate hyperlocal maps that

are updated in real time.

In November 2023, May Mobility secured a 10 billion yen

($65.8 million) investment from Japan's NTT as part of

a push to advance autonomous driving. NTT also

announced plans to test self-driving buses and taxis with Toyota

Motor ( TM ) this year.

In September, Grab was selected by a Singaporean district to

operate autonomous shuttle service routes in the area, for which

the company has partnered with Chinese robotaxi firm WeRide ( WRD )

, expecting deployment early next year.

May Mobility currently uses modified Toyota Siennas for

smaller rides and high-capacity Italian Tecnobus autonomous

electric minibuses for higher-density routes.

($1 = 151.88 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Walker & Dunlop Originates $68.3 Million Loan to Refinance Seven Nursing Homes
Walker & Dunlop Originates $68.3 Million Loan to Refinance Seven Nursing Homes
Sep 8, 2025
07:09 AM EDT, 09/08/2025 (MT Newswires) -- Walker & Dunlop ( WD ) said Monday that it has originated $68.3 million in loans to refinance seven skilled nursing facilities in Illinois and Wisconsin. Walker & Dunlop ( WD ) said it is using a Federal Housing and Urban Development-insured financing program to replace its current short-term, variable-rate debt to secure...
Exclusive-Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say
Exclusive-Chinese robotics firm Unitree eyeing $7 billion IPO valuation, sources say
Sep 8, 2025
HONG KONG (Reuters) -China's Unitree Robotics is looking at as much as 50 billion yuan ($7 billion) in company valuation for its planned initial public offering, two people with knowledge of the startup's plans said. Unitree said last week on its X account that it was actively advancing the IPO preparations and was expecting to submit the listing application documents...
BRIEF-Adecoagro To Acquire Best In Class Urea Producer
BRIEF-Adecoagro To Acquire Best In Class Urea Producer
Sep 8, 2025
Sept 8 (Reuters) - Adecoagro SA ( AGRO ): * ADECOAGRO TO ACQUIRE BEST IN CLASS UREA PRODUCER * ADECOAGRO SA ( AGRO ) - PURCHASE PRICE FOR NUTRIEN'S SHARES EXPECTED AT $600 MILLION * ADECOAGRO SA ( AGRO ) - TO BUY NUTRIEN'S 50% STAKE IN PROFERTIL * ADECOAGRO SA ( AGRO ) - TO PARTNER WITH ACA FOR...
Market Chatter: Microsoft-Backed OpenAI Projects $115 Billion Cash Burn Through 2029
Market Chatter: Microsoft-Backed OpenAI Projects $115 Billion Cash Burn Through 2029
Sep 8, 2025
07:10 AM EDT, 09/08/2025 (MT Newswires) -- Microsoft ( MSFT ) - backed OpenAI projected that its business will burn $115 billion through 2029, about $80 billion higher than previously expected, the Information reported Friday, citing sources familiar with the matter. OpenAI now reportedly expects to expend more than $8 billion this year, roughly $1.5 billion above earlier expectations, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved