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Yamaha Motor to invest USD 150 Mn in Grab

Dec 13, 2018 by The Passage Team
Yamaha Motor to invest USD 150 Mn in Grab

Japanese motor manufacturer Yamaha Motor today announced a strategic partnership with Southeast Asian ride-hailing giant Grab, to collaborate in motorcycle ride-hailing service within the region, with a focus on Indonesia.

Yamaha Motor will also invest USD 150 million in Grab as part of the partnership agreement.

The two companies aim to develop “next-generation” mobility services by leveraging Yamaha Motor’s technology and know-how in motorcycle safety, as well as to lower the barriers to motorcycle purchasing for riders or aspiring riders.

It will leverage on robotics technology, Yamaha’s social initiatives, and mobility innovations.

Source: e27

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