Original article posted at E27.co

Grab partners with Singapore’s SMRT to build a fleet of eco-friendly vehicles…

Southeast Asia’s leading on-demand transportation and mobile payments company, Grab, today announced that it has secured up to US$700 million in debt financing from unnamed global and regional banks.

This development comes less than 10 months after Grab announced a US$2 billion round led by Chinese ride-hailing company Didi Chuxing (DiDi) and Japanese telecom conglomerate SoftBank Group, with an additional US$500 million expected to be invested soon. A few months earlier, it had grabbed US$750 million in an oversubscribed round led by SoftBank.

The investment from the latest round will be used to create…

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