Transportation

Grab’s 3Q revenue up 143 percent year on year to $382M

Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…

India’s Zoomcar bags $10M financial investment in connection with the merger with Innovative

India-based car sharing platform Zoomcar announced Wednesday $10 million financial investment in connection with the merger with Innovative International Acquisition Corp, a United States-listed special purpose acquisition company.

Are we ready for robo taxis?

The immense competition to deploy autonomous vehicles, particularly in industrialized nations, has captured the attention of public policymakers in regard to autonomous mobility and the possible impact it could have.

Singapore’s Carro launches assurance certification for used cars

Singapore-based used car marketplace Carro, has launched Carro Certified, a technology-backed stamp of assurance certification for their used cars across all key markets, including Singapore, Indonesia, Malaysia, Thailand and Taiwan.

Grab targets group adjusted EBITDA breakeven by second half of 2024

Singapore-based super app Grab Holdings Limited announced Tuesday that it is targeting to achieve breakeven on a group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis by the second half of 2024, as it accelerates its path to profitability.

Carro expands to Japan through partnership with Softbank

Singapore-based used car marketplace Carro on Tuesday announced its expansion into Japan through a joint venture with SoftBank Corporation (SoftBank). As part of its entry, CARRO JAPAN Co., Ltd. (CARRO JAPAN) aims to introduce its full suite of services, such as subscription-based services and car leasing.

Malaysia’s Capital A ‘progressing’ with AirAsia Aviation, airasia Super App New York listing plan – report

The listing in the US market would be attractive given the liquidity and the diverse investor reach that it can provide, Capital A previously said.

Singapore’s Carro achieves profitability in FY22 as revenue more than doubles

Singapore-based online used car retailer Carro achieved profitability in its last financial year (FY2022) as its revenue more than doubled to S$650 million ($463.49 million).

TechNode Global shares research insights on Indonesia EV landscape

Topics in the report include the latest development in the Indonesian EV market, findings on the electric 2-wheeler market and the electric 4-wheeler market, consumers’ preferences, market entry and growth strategies, among others.

Grab’s 2Q revenue rises 79 percent on higher mobility and deliveries contribution

Southeast Asia’s super app Grab announced Thursday that its revenue surged 79 percent year on year to a record high of $321 million, driven by strong growth in mobility and deliveries revenue, including contributions from its recently-acquired Malaysian retail chain Jaya Grocer.