Grab, the largest ride-hailing service company (formerly known as MyTeksi) has just announced a collaboration with Toyota which includes Toyota Motor Corporation, Toyota Financial Services Corporation, and Aioi Nissay Dowa Insurance.
Toyota Tsusho, the sole general trading company of Toyota Group, is also Grab’s newest investor in its recent USD2.5 billion fund raising. As part of the collaboration, Grab will share data of 100 Grab rental cars to Toyota using a TransLog driving recorder. The device will record driving patterns and deliver telematics services such as the usual vehicle position management system to fleet customers. This project is the first to be extended into South East Asia.
Toyota aims to analyze driving patterns captured by the recording devices, and consider steps to deliver connected services including user-based insurance, financing programs, and predictive maintenance that make up the Toyota Mobility Service Platform (MSPF).
Grab offers the widest range of on-demand transportation services in the most markets in Southeast Asia, with more than 55 million app downloads and over 1.2 million drivers in 87 cities across 7 countries.
“Through this collaboration with Grab, we would like to explore new ways of delivering secure, convenient and attractive mobility services to our fleet customers in Southeast Asia.” said Shigeki Tomoyama, Senior Managing Officer of Toyota Motor Corporation and President of the Connected Company.
“Toyota is a global leader in the automotive sector and one of the most popular brands with drivers on our platform right across Southeast Asia, and we’re excited to work together to explore how we can extend more and better-connected car services to our driver partners,” said Anthony Tan, co-founder and CEO of Grab Inc. “We are confident this will benefit our driver partners, and we look forward to exploring other ways to collaborate with Toyota in the future.”
Through this collaboration with Grab, Toyota will continue to explore further opportunities through its Toyota Mobility Service Platform (MSPF) to deliver even greater benefits to fleet customers.