A move into banking would represent both a shift for Grab and fresh competition for Singapore’s banking landscape.
Uber will begin test flights of the pilotless aircraft in Melbourne and US cities Dallas and Los Angeles in 2020 before commercial operations begin in 2023.
This programme is designed specifically to attract drivers who may not even have enough credit to get a traditional car loan of any kind.
Labour trends like working remotely or from home had contributed to the reduced interest in cars.
Uber sells 180 million shares for US$45 each, having marketed them for US$44 to US$50 apiece.
One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.
Lyft anticipates sales of US$3.28 billion to US$3.3 billion for 2019, which is above estimates.
Grab expects to invest a significant portion of the funds in Indonesia.
Careem, founded in 2012, has a larger presence in the Middle East, North Africa, Pakistan, and Turkey operating in 98 cities there compared to Uber's roughly 23 locations.
The move is aimed to protect the interests of drivers and consumers said the director general of land transportation at Indonesia’s Ministry of Transportation.
The money from Hyundai's subsidiary Kia Motors will largely be used to help Ola increase its electric vehicle fleet.
The case was filed in August 2013 and stated Uber classified drivers as contractors to avoid paying them minimum wage and providing benefits.
Grab continues to see strong interest from global investors.
Uber Technologies was reportedly planning such awards for a 'significant' portion of its 3 million drivers.
2,000 employees, or 15% of current staff, would be laid off as part of Didi's reorganisation effort.
It is also ranked fifth in the world, with Malaysians spending an average of two hours and 58 minutes on social media each day.
The 64-year-old, surnamed Im, parked near the US embassy in central Seoul moments before his vehicle was engulfed in flames.
The move puts a wrench in Go-Jek's plan to corner a bigger share of the Southeast Asian e-hailing market, currently dominated by rival Grab.
The company did not reveal the quantum of funding or who the investors are.
The IPO stories for both companies are starting to emerge.
The IPO will take place once the Securities and Exchange Commission (SEC) has reviewed the sealed documents.
The two companies will enter the hotly-contested ride-hailing market in China, where top provider Didi Chuxing is used by hundreds of millions of people and muscled out Silicon Valley-based Uber in 2016.
The ride-hailing firms violated conditions set by the Philippine Competition Commission (PCC), including combining their businesses and Uber taking a board seat in Grab during the antitrust body's review of the merger.
The ride-hailing firm had already gathered enough orders for the bond sale last week after a series of calls with investors.