• Companies to collaborate on enhancing benefits for GrabBike users in Southeast Asia
• Honda also makes strategic investment in Grab

Singapore, 12 December 2016 – Grab, the leading ride-hailing platform in Southeast Asia, today announced that it has signed a memorandum of understanding (MOU) with Honda Motor Co., Ltd. (“Honda”) to collaborate on various initiatives to enhance benefits for GrabBike drivers and riders in all countries where GrabBike operates.  As part of the partnership, Honda has made a strategic investment in Grab.

Grab and Honda are both deeply committed to making transportation safer and more convenient and, through this partnership, they plan to work together to address Southeast Asia’s toughest urban transportation challenges.  The companies expect to collaborate on driver education programs to promote motorbike safety, efforts to reduce traffic and environmental congestion in urban areas through rideshare and other technological advancements, and other initiatives.

Ming Maa, President of Grab, said, “We are excited to enhance the GrabBike user experience for our rapidly growing community of GrabBike drivers and riders by partnering with Honda, the largest motorcycle manufacturer in the world, and create a more sustainable and efficient transport supply for Southeast Asia.  We welcome Honda as a shareholder and key partner on innovative mobility solutions over the long term as we continue to drive Southeast Asia forward.”

Shinji Aoyama, Operating Officer and Director of Honda, said, “In the midst of the dramatic structural change of the mobility industry, the ‘sharing economy’ that is rapidly expanding all around the world has great potential to broaden the concept of mobility itself. For the collaboration with Grab, we will discuss how we can offer safer and more convenient products and services for our shared goal of resolving issues and challenges facing society in Southeast Asia.”

Grab operates the largest transportation network and highest frequency mobile internet transaction platform in Southeast Asia. Today, Grab offers private car, motorbike, taxi, and carpooling services across 6 countries and 34 cities in Southeast Asia, with 1 out of every 4 passengers using multiple services.  In addition, Grab aims to provide the widest variety of locally preferred cashless options – including GrabPay Credits, a proprietary stored value option, credit cards and mobile money – for Southeast Asia consumers with its in-app mobile payments platform, GrabPay.

###

About Grab

Grab is Southeast Asia’s leading ride-hailing platform. Grab solves critical transportation challenges to make transport freedom a reality for 620 million people in Southeast Asia. Grab began as a taxi-hailing app in 2012, but has expanded its core product platform to include private cars and motorbikes. Grab is focused on pioneering new commuting alternatives for drivers and passengers with an emphasis on convenience, safety and reliability. As part of its innovative culture, Grab is testing new services such as social carpooling, as well as last mile and food deliveries. Grab currently offers services in Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam. For more information, please visit: http://www.grab.com.

About Honda Motor Co., Ltd.

Honda was established as a personal mobility company in 1948. Currently, Honda’s wide range of business includes motorcycles, power products, automobiles and aviation in 2015, Honda delivered its products to 28 million customers around the world. Honda is making continuous progress in the research and development of cutting-edge technologies and next-generation mobility. Honda will continue to be committed to the on-going improvement of sales and service, so that all customers will enjoy and be satisfied by Honda products. Honda will seek to create joys and inspire people through its broad range of products.