![]() ![]() It was the Singapore government investment fund Temasek Holdings that had agreed to finance US$10 million into GrabTaxi. Khazanah later defended its move, saying that the company's policy is to invest in well-established companies and has little experience in investing in startups. However, long internal checks and processes had caused Khazanah to not agree on a deal. ![]() In 2014, GrabTaxi applied for financial grant from Khazanah Nasional, the sovereign wealth fund of the government of Malaysia. #Fgrab points countries trialIn November 2014, GrabTaxi launched its first GrabBike service in Ho Chi Minh City as a trial service. In May 2014, the company launched GrabCar as an alternative form of transportation that uses personal cars instead of taxis through a licensed partner in an effort to overcome the lack of public transportation during peak hours. In 2014, GrabTaxi further continued its growth and expansion to new countries: first launching in Ho Chi Minh City, Vietnam, in February, and Jakarta in Indonesia in June. In 2014, Grab in partnership with HDT Holdings, introduced 100 BYD e6 electric taxis in Singapore to form the biggest e-taxi fleet in Southeast Asia. ![]() GrabTaxi expanded to the Philippines in August 2013, and to Singapore and Thailand in October of the same year. Malaysian Cradle Fund also became one of the earliest investors in MyTeksi. MyTeksi was started with an initial grant of US$25,000 from Harvard Business School and Anthony Tan's personal capital. Motivated to make taxi rides safer in Malaysia, Tan launched the "My Teksi" app in Malaysia in 2012 together with Tan Hooi Ling, another Harvard graduate. The idea of creating a taxi-booking mobile app for Southeast Asia, similar to those being pioneered in the US, first came from Anthony Tan ( 陈炳耀, Chen Bingyao) while he was at Harvard Business School. ![]()
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