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Grab To Launch Autonomous Robobuses In Singapore In 2026, Retrain Drivers For New Tech Roles: 'We See New Kinds Of Jobs Emerging' - Grab Holdings (NASDAQ:GRAB)
Benzingaยท 2025-11-05 10:14
Core Insights - Grab Holdings Limited plans to launch autonomous robobuses in Singapore by early 2026 and is exploring retraining options for human drivers to transition into technology-focused roles [1][2]. Group 1: Autonomous Vehicle Expansion - During a quarterly earnings call, Grab's CEO Anthony Tan outlined the company's strategy for expanding its autonomous vehicle (AV) operations, including building partnerships with global AV leaders and participating in pilot programs [2][3]. - Grab successfully piloted autonomous vehicles in collaboration with WeRide and intends to make a strategic equity investment in the company next year [3]. - The company has also invested in May Mobility, a U.S.-based firm that operates commercial robotaxi services [4]. Group 2: Upskilling and Employment - Tan highlighted the emergence of new job roles for current drivers, such as remote safety drivers and data labelers, as part of Grab's strategy to balance automation with human employment [5]. Group 3: Financial Performance - Grab reported a revenue of $873 million for the quarter, reflecting a 22% year-over-year increase, with notable growth in ride-hailing (up 17% to $317 million), deliveries (up 23% to $465 million), and financial services (up 39% to $90 million) [6]. - The net income for the quarter was $17 million, slightly higher than the previous year's $15 million [6].