In the bustling markets of Southeast Asia, Grab Holdings Ltd. has emerged as a powerhouse, blending ride-hailing with food delivery and financial services. On July 31, 2025, the company reported robust second-quarter earnings, posting a profit of $35 million, a stark turnaround from the $53 million loss in the same period last year. This financial upswing, driven by higher revenue and improved margins, underscores Grab’s strategic pivot toward efficiency amid economic headwinds.
CEO Anthony Tan, the visionary co-founder, highlighted during the earnings call how Grab is positioning itself at the forefront of autonomous vehicle technology. According to a report in Fortune Asia, Tan emphasized that the company is in a “prime position” to support the transition to driverless cars, leveraging its vast ecosystem to integrate self-driving tech seamlessly.
Autonomous Ambitions Take Shape in Singapore
Grab’s foray into driverless vehicles isn’t mere rhetoric. In early July 2025, the company launched a driverless shuttle service ferrying employees from its headquarters to a nearby metro station, covering a 4-kilometer route. This initiative, detailed in the same Fortune Asia article, represents a tangible step toward broader deployment, with Tan noting that autonomous vehicles could address underserved routes where human drivers are scarce.