Grab Holdings acquires AI robotics firm to accelerate delivery automation across Southeast Asia

Grab Holdings: What's Going On With Its Shares? - Grab Holdings (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) shares are trading higher on Tuesday. Recently, the company has been strategically expanding into the artificial intelligence (AI) space to enhance its ride-hailing, food delivery, and digital payments capabilities, primarily in Southeast Asia. Acquisition of the Chinese AI Robotics Company In December, the Singapore-based company disclosed its acquisition of Infermove to accelerate its push into AI-driven robotics. The deal is aimed at boosting Grab's automated delivery capabilities across both first- and last-mile logistics. Also Read: Cathie Wood Sells Another $30 Million Worth Of Tesla, Ark Also Dumps Palantir Stock -- Buys This Robotaxi Play The acquisition helps Grab to accelerate automation across its growing delivery and mobility network in Southeast Asia and beyond. Autonomous Vehicle (AV) Testing In Singapore Also, in November, Grab received approval from Singapore's Land Transport Authority to begin autonomous vehicle (AV) testing with WeRide's full Autonomously Intelligent Ride fleet in the Punggol district. Autonomously Intelligent Ride is expected to start public service by early 2026. This followed Grab's prior multi-year collaboration with May Mobility to introduce AV services in Southeast Asia. As part of the collaboration, Grab planned to invest in May Mobility to support its expansion into the global autonomous ride-hail market beyond the U.S. and Japan. Going forward, Grab plans to introduce autonomous robobuses in Singapore in early 2026, and to explore ways to retrain human drivers for emerging technology-focused roles. Price Action: GRAB shares are up 3.34% at $5.260 at the last check on Tuesday. Read Next: Tesla Rival Xpeng Receives Level 3 Autonomous Testing Permit Amid Planned Robotaxi Push: Report Image: Shutterstock GRABGrab Holdings Ltd$5.304.09%OverviewMarket News and Data brought to you by Benzinga APIs

Stock Market Today, Jan. 6: Grab Rallies on AI Robotics Deal to Boost Delivery Automation | The Motley Fool

Grab (GRAB +3.44%), a Southeast Asian superapp for rides and deliveries, closed Tuesday at $5.27, up 3.54%. Grab IPO'd in 2020 and has fallen 56% since going public. Trading volume reached 70.7 million shares, approximately 52% above its three-month average of 46.5 million shares. Tuesday's move came as traders reacted to premarket news that Grab is acquiring AI robotics firm Infermove. The S&P 500 rose 0.62% to 6,945, while the Nasdaq Composite gained 0.65% to 23,547. Industry peers Uber Technologies and Lyft also advanced, as the market moved the vast majority of growth stocks (not just ride-hailing businesses) higher on a broadly positive day. Grab's acquisition of China-based Infermove will be an intriguing development for investors to watch over time. Infermove and its AI-powered Carri robots can be used for the "first mile" and "last mile" of the delivery process, as well as many other applications, including warehousing and retail. The Carri mobile manipulation robots leverage driving data, imitation learning, and reinforcement learning to learn how to navigate unpredictable environments, such as sidewalks, while delivering food orders or groceries. Industry analysts believe the last-mile robotics delivery market could be worth $20 billion by 2027, making this a potential shrewd acquisition for Grab as it seeks to expand its massive ride-hailing and delivery network across Southeast Asia. Growing sales by 17% annually over the last five years and recently reaching profitability, Grab is a promising growth stock for investors to monitor.