Grab Holdings Limited reports developments across its Southeast Asia superapp, which combines deliveries, mobility and digital financial services in a single mobile platform. Company updates commonly cover revenue, On-Demand GMV, ride activity, deliveries activity, profitability measures, affordability initiatives and expansion across its regional marketplace of consumers, driver-partners and merchant-partners.
Grab announcements also address technology partnerships and platform infrastructure, including cloud services, AI and machine-learning systems, GrabMaps location data, autonomous-vehicle collaborations, lidar distribution and mapping capabilities tied to mobility, logistics and autonomous systems in Southeast Asia.
Grab has completed its business combination with Altimeter Growth Corp., raising US$4.5 billion, marking the largest U.S. public listing by a Southeast Asian company. This transaction includes a US$4.0 billion PIPE, the largest ever raised. The funds will support Grab's superapp ecosystem expansion and drive economic empowerment across Southeast Asia. Grab's stock will begin trading on Nasdaq under the ticker 'GRAB' on December 2, 2021. Grab operates in 465 cities across 8 countries, highlighting its significant market footprint.