Browsing Tag
Grab Holdings
4 posts
Grab to pay $1.49bn for 60% of Atome as Southeast Asia lending push accelerates
Grab Holdings has agreed to acquire 60% of Atome Financial for $1.49 billion in cash, with a route to full ownership and new 2028 targets for financial-services profitability and lending growth.
This autonomous driving company just landed a $1.4bn valuation. Can May Mobility make the numbers work?
May Mobility plans to list on Nasdaq through a $1.4 billion combination with ACP Holdings Acquisition Corp., backed by up to $337 million of new capital for autonomous ride-hailing expansion.
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
GSM targets 1m VinFast cars as 2028 Hong Kong IPO tests asset-heavy ride-hailing model
Green and Smart Mobility plans to enter the U.S., Sweden and the Netherlands before the end of 2026 as it prepares for a Hong Kong IPO in 2028. The VinFast-linked operator also intends to acquire 1 million VinFast vehicles between 2026 and 2030, a fleet ambition equivalent to roughly 200,000 cars a year. The question is whether GSM can export the company-owned fleet model that built its Vietnamese market position without allowing capital requirements to overwhelm the economics.