The carmakers have supplied $250m in connection with an electric vehicle promotion deal, and the round already includes Toyota, Ping An, Microsoft and Citi Ventures.

Automotive manufacturers Hyundai and Kia Motors agreed today to invest $250m in Singapore-based ride hailing and online-to-offline platform Grab in connection with a partnership deal. The capital will be added on to an ongoing funding round that now totals $2.7bn, the company said, meaning it has raised a total of more than $6.6bn since it…

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