SINGAPORE (Aug 2): Grab Holdings today ended months of speculation and confirmed that it has raised US$2 billion ($2.7 billion) in a round of fundraising aimed at pushing Grab to be the leading technology player in Southeast Asia.

Toyota Motor Corporation led the round of financing, with a US$1 billion investment into the ride-hailing provider that was announced in June.

The Japanese carmaker was joined by a slate of leading global financial institutions, including OppenheimerFunds, Ping An Capital, Mirae Asset - Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Company, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners, and Macquarie Capital.

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