Kymco makes Southeast Asian ride-hailing investment: report

A report on Forbes.com titled “Why a Taiwanese Motorcycle Maker Invested Millions In Southeast Asian Ride-Hailing Giant Grab” reveals that a “venture capital firm backed by Taiwan-based motorcycle maker Kymco has invested $30 million in Grab, southeast Asian’s biggest ride-hailing service, earlier this month.”

The report goes on to say that “Kymco Capital made the investment to make inroads for Kymco itself to supply Grab’s pan-Southeast Asia fleet with electric scooters…”

Read the Forbes article here.

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