GrabWheels Secures USD30 Million to Accelerate the Development of Electric Vehicles

February 14, 2020 5:06 pm

Beijing (PingWest)- GrabWheels, the two-wheel electric vehicle unit of Grab, has secured a USD 30 million investment from Taiwan’s motorcycle maker KYMPCO as it plans to accelerate the development of electric vehicles in Southeast Asia.

The USD30 million investment is part of GrabWheels’s ongoing series A financing round.