Singapore's Grab to enter taxi business amid ride-hailing driver crunch
SINGAPORE -- Singaporean ride-hailing app company Grab Holdings will enter the taxi business here in July, looking to counter an ongoing driver shortage in its main business by securing cabdrivers in parallel, all under the Grab brand.
Grab has established subsidiary GrabCab, which obtained a 10-year street-hail service operator license in April. All vehicles will be hybrids or electric vehicles, starting with 40 Toyota Prius hybrids.
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