https://phys.org/news/2018-06-toyota-investing-billion-asian-ride-share.html

In a statement, Toyota said the deal "is aimed at achieving connectivity for Grab's rental car fleet across Southeast Asia, and at rolling out various connected services throughout the region that utilise vehicle data" stored by Toyota.

Toyota will place one of its executives on Grab's board, and a second Toyota team member will serve as an executive officer at the company, which Toyota called the "partner of choice for ride-hailing in the region."