Southeast Asia’s superapp Grab has announced the signing of Memoranda of Understanding (MoUs) with four prominent autonomous technology companies to evaluate the safety, commercial sustainability, and job creation potential of autonomous vehicles.
Grab has entered pacts with Autonomous A2Z, Motional, WeRide and Zelos. These partnerships aim to explore the impact and potential role of autonomous vehicles (AVs) within Southeast Asia’s transportation landscape.
“Autonomous vehicle technology is advancing rapidly, yet its impact on Southeast Asia’s transportation landscape remains largely unexplored. Through these collaborative studies with leading autonomous technology companies, we aim to gain a deeper understanding of how autonomous vehicles can enhance our transportation ecosystem while maintaining the essential role of our drivers and delivery-partners,” said Anthony Tan, Group Chief Executive Officer, and Co-Founder of Grab.
Under the MoUs, Grab will evaluate a range of autonomous technologies for use in delivery and mobility, including shuttles, buses, cars, and bots.
The Nasdaq-listed superapp said in its quarterly earnings report that it predicts its 2025 revenue to grow 19-22% year-on-year (YoY) to between $3.33 billion and $3.4 billion. That projection fell in the range of analysts’ average estimate of $3.4 billion.
For 2024, Grab posted revenue of $2.8 billion, up 19% YoY, exceeding the company’s guidance. Its revenue rose 17% YoY to $764 million in Q4 2024.
